Ford CEO makes clear that layoffs will mainly involve internal combustion engine vehicles

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 Titanium Media App July 28 news, Bloomberg July 28 news, on Wednesday local time, Ford Motor CEO Farley made it clear in a conference call with analysts to discuss the company’s second-quarter earnings that the company is about to lay off employees, “We are in a certain There are absolutely too many people in these places, no doubt about that. We have skills that no longer apply, we have jobs that need to change.”  Farley is seeking to cut $3 billion in costs, mostly involving Ford's blue unit, which makes vehicles with internal combustion engines. Farley said he intends to turn Ford's blue unit into a "profit and cash engine for the entire company" to fund the expansion of the electric vehicle business.

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