Ford pulls out of S. America truck business, closes Brazil plant
The closure of the Sao Bernardo do Camp factory would generate a one-off charge of some $460 million, most of it to terminate contracts with workers, dealers and suppliers, Ford said (AFP Photo/NELSON ALMEIDA)/ Sao Paulo (AFP) - US automaker Ford said Tuesday it was pulling out of the commercial heavy truck business in South America, closing a plant in Brazil employing 2,800 workers that has been operating for half a century. The decision was made "as part of a comprehensive redesign of its global business," and after it decided that other ...
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