Ford Plans to Cut 10% of Global Workforce: WSJ

Ford Plans to Cut 10% of Global Workforce: WSJ

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Business

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The video discusses the challenges faced by Ford's CEO, Mark Fields, due to poor stock performance and the need for aggressive strategies in the mass market. It compares Ford's conservative approach to GM's aggressive restructuring and success, particularly in China and Europe. The discussion includes job cuts and restructuring efforts by Ford and other car makers like Volkswagen, highlighting the pressure on mass market car manufacturers to adapt and respond to market demands.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the main pressures facing Ford's CEO, Mark Fields?

Expansion into new markets

Need for investment in electric cars

Increasing stock prices

Reducing production costs

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why has GM been more successful than Ford in recent years?

Ford has expanded into new markets

GM has reduced its workforce significantly

Ford has more aggressive strategies

GM has a larger presence in China

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What strategy has GM employed in Europe that differs from Ford's approach?

Ford has expanded its European operations

GM has increased its workforce

Ford has focused on electric vehicles

GM has cut ties with Opal

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a common response by mass market car makers to current market pressures?

Cutting jobs

Expanding into new markets

Raising prices

Increasing production

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How many job cuts is Volkswagen considering to manage labor costs?

10,000

40,000

20,000

30,000