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Ford to end manufacturing in Brazil, sees $4.1 billion in charges from South American restructuring

Ford to end manufacturing in Brazil, sees $4.1 billion in charges from South American restructuring
CNBC
1/11/2021
Michael Wayland
Ford is ending vehicle production in Brazil as part of a restructuring of its South American operations.
The actions, including closing three plants, will result in $4.1 billion in pretax charges, Ford said.
The cost includes about $2.5 billion in cash charges and $1.6 billion in noncash items.
© Provided by CNBC
Assembly line of engines for the Ford KA 1.0 3 cylinders at the Ford Engines plant in Camaçari, Brazil.
Ford Motor is ending vehicle production in Brazil under a restructuring of its South American operations. The actions, including closing three plants, are expected to result in $4.1 billion in pretax charges, Ford said Monday. ....

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