Ford closing two more plants in Europe, cutting 6,200 jobs
The report says the Southhampton facility produced less than 30,000 Transit vans last year. Compare that figure to the 200,000 unit industry standard for a plant of that size, and it's easy to see the logic behind the Ford decision. Right now, the company's European factories are operating at approximately 63-percent of total capacity, due in part to the fact that sales in the region have fallen to a 20-year low. As a result, sales have dropped by 12 percent this year alone. Industry-wide, European sales have slackened by 7.2 percent.
- Biggest automotive sales disappointments
- Fastest-depreciating cars in the United States
- Find and compare 2017 Models