Currently reading: Ford cuts 1000 jobs at Explorer, Capri factory amid weak EV demand

Ford's German EV factory is running well below capacity as European demand lags expectations

Ford will cut up to 1000 jobs at its electric car factory in Cologne, Germany, in response to lower than expected EV demand across Europe.

The former home of the Fiesta, which builds the Explorer and Capri crossovers following a $1 billion revamp, is operating far below its capacity.