DETROIT (Reuters) – Ford Motor Co said on Tuesday it would exit its heavy commercial truck business in South America and cease production at a Brazilian plant this year as a result, part of a global restructuring meant to end losses in different regions.
As part of a broader restructuring that Ford previously said would result in $11 billion in charges, the company said it will cease production at its Sao Bernardo do Campo plant, ending sales of the cargo lineup, F-4000 and F-350 trucks, as well as the Fiesta small car once inventories are sold.
Ford said on Jan. 10 it would cut thousands of jobs and look at plant closures in Europe as part of its plan to return to profit in the region.
Following that announcement, analysts and investors h…
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