Battling a net loss of $129 mn million in its third quarter, US car maker Ford Motor Company has introduced cost cutting measures including 2,600 job cuts.
According to a company statement, it is also planning an additional 10 per cent reduction in North American salaried personnel related costs.
Earlier this year, Ford had sold its two iconic brands, Jaguar and Land Rover, to Tata Motors for $2.3 billion.
Image: The Ford Motor Company world headquarters in Dearborn, Michigan.| Photograph: Bill
Pugliano/Getty Images
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