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Ford Motor Company on Monday announced it would be shutting down three factories in Brazil as it plans on reorganizing its operations in South America this year.The New York Times notes in its report that the company has long struggled in the region. The automobile manufacturer told the Times that the coronavirus pandemic had exacerbated "persistent industry idle capacity and slow sales that have resulted in years of significant losses."The. ....
Ford's first electric foray might not hurt Tesla's sales, but it could coax back some investments that have gone to Silicon Valley instead of Detroit ....