Jan 11, 2021
Ford ends decades of Brazil manufacturing
Ford has said it is closing its last three factories in Brazil, putting an end to decades of manufacturing presence in the country. "With more than a century in South America and Brazil, we know these are very difficult, but necessary, actions to create a healthy and sustainable business," said Ford chief executive Jim Farley. Before the Covid outbreak, Ford had announced plans to scale back in several markets, with closures in countries that included Brazil, the UK, France, Germany and Russia. On Monday, Ford said it planned to stop operations at its Camaçari and Taubaté plants immediately, though some production of parts will continue for a few months to support inventories. In Brazil, sales dropped 26% and are not expected to recover for at least two years, Ford said.
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