BERLIN
Ford Motor
Co.
is launching an overhaul of its loss-making European business that is expected to include thousands of job cuts, plant closures and the scrapping of low-profit models amid a storm of bad news for global car makers.
The move is part of a broad cost-cutting effort Ford Chief Executive Jim Hackett has embarked on in a rapidly changing automotive landscape buffeted by electric vehicles and a push toward autonomous driving. In October, Ford informed employees of a global reorganization that could affect salaried jobs, part of Mr. Hacketts push to improve profits and boost its flagging stock price.
Steven Armstrong, the companys president of Europe, Mi…
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