Tag: Sao Bernardo do Campo

• Wednesday, September 4th 2019 - 09:17 UTC

  Restructuring Ford's Sao Paulo truck plant means sacking 1.300 workers and lowering salaries of the remaining

  

  Brazilian automaker CAOA reached an initial agreement to buy Ford Motor Co's plant in Sao Bernardo do Campo, the companies said on Tuesday, but CAOA could slash 1,300 jobs, according to the union representing the plant's workers.

• Tuesday, May 14th 2019 - 09:21 UTC

  Ford assets in Brazil to be acquired by Chinese businesspeople

  

  The founder of Brazilian automaker CAOA said on Monday he is negotiating with Chinese business executives to make a joint acquisition of a Ford Motor Co plant near Sao Paulo.

• Wednesday, March 13th 2019 - 08:18 UTC

  Brazil auto production up 29.9% in February

  

  Automobile production in Brazil rose 29.9% in February from January, while sales slipped 0.6%, the national automakers’ association said on Monday. Automakers in Brazil produced around 257,200 new cars and trucks last month, while sales totaled about 198,600 vehicles, according to industry group Anfavea.

• Thursday, February 28th 2019 - 08:37 UTC

  Brazilian consortium interested in Ford's Sao Paulo manufacturing plant

  

  Brazilian automaker CAOA, which produces vehicles with Korea’s Hyundai Motor Co and China’s Chery Automobile Co, is in talks to buy a Ford Motor Co plant in the country that is slated to close by 2019, according to sources reported in the Sao Paulo media.

• Wednesday, February 20th 2019 - 09:17 UTC

  Ford closes oldest factory in Sao Paulo and exits heavy trucks business in Brazil

  

  Ford Motor Co. said on Tuesday it will close its oldest factory in Brazil and exit its heavy commercial truck business in South America, a move that could cost more than 2,700 jobs as part of a restructuring meant to end losses around the world. Ford previously said the global reorganization, to impact thousands of jobs and possible plant closures in Europe, would result in US$11 billion in charges.