Ford to inject up to $ 4.8 billion for the edge of the sharp unit to cash

Frankfurta (Reuters) -ford will swallow up to 4.4 Billion (4.8 billion) in their German string attempts to revive their European trade, the European Carterah.

Their Ford-Werke arm, who continued strategic transpiracments, will continue a strategic transpiral, concentrating to reduce the costs and increases the skill, ford said in a statement.

The move is as the sector of Europe’s car, height height and the weak competition of asian rivals, force the paths of the plant

Ford is already cut thousands of work in Europe, many of them in Germany, where the Volkswagen Domestic Pelt was also torn.

“Matching letters our German operations, subscribe to the europe and reinforcement of product’s product,” said winter, vicezo of Ford Ford company.

“To build a sustainable businesses in Europe, we need to simply our governance, reduce costs and runs out.”

Slower than election adoption of electric vehicles in the year last year to be more flexible on a previous end for its European production to be EVS at the end of the dozen.

The new commitment of the financing includes a capital injection to address the survival to Ford-Werke and provide funding for a multi-year trading plan.

Also substituted to be a non-german subsidian agreement, a treatment that had been as much as 2006, misfortune of the power of the gentleman served.

Without the agreement, the German’s German unit “may be unsolvent in the years that come the economic situation and the company relatives in the US”, IG METALL said.

Ford work called European polickers to set up a clear agenda to promote electric vehicles and carry online emissions with the consumer’s request.

($ 1 = 0.9249 Euro)

(REPORT BY SHIVANS TIWARY IN BENGALURY AND CHRISTOPURES STITZ IN FRANFORS; WRITE FROM RACHEL Dhanwala, Davan FentonEvent)