SAO PAULO – Ford Motor Co, the United States-based multinational carmaker, said yesterday that it will close its remaining three plants and end all production in Brazil in 2021, reported Xinhua news agency.
The Brazilian market, the largest in Latin America, will be supplied by plants in Argentina, Uruguay and other markets, the carmaker said in a press release.
The Covid-19 pandemic has “intensified persistent industry idle capacity and slow sales that have resulted in years of significant losses,” said the statement.
Production will cease immediately at the Sao Paulo and Bahia plants, while the manufacturing of the Troller model in the Horizonte plant will continue until the fourth quarter of the year.
Ford will maintain its South American administrative headquarters, product development centre and test site in the country, the statement said.
“With more than a century in South America and Brazil, we know these are very difficult, but necessary, actions to create a healthy and sustainable business,” said Ford chief executive officer Jim Farley in the statement.
In December 2019, Ford closed production in its Sao Bernardo do Campo factory in Greater Sao Paulo. – Bernama, January 12, 2021
TAGS: Brazil, Ford, carmaker, plants, closure
SASM
Tuesday , 12 January 2021
