Ford Paces Europe Car Sales Drop as Market Reaches January Low

Ford Paces Europe Car Sales Drop as Market Reaches January Low

Simon Dawson/Bloomberg

Ford-branded water towers stand near electricity pylons at the Ford Motor Co. automobile plant in Dagenham, U.K. The manufacturer is shutting vehicle and component plants in the U.K. and Belgium by the end of 2014 and eliminating 6,200 jobs, or 13 percent of its workforce, in Europe in response to the auto-market decline.