Regional News • Americas • Brazil
2021-01-12T12:00:02+00:00

Ford announces end of vehicle production in Brazil and closure of factories

Ford announces end of vehicle production in Brazil and closure of factories
Ford factory in Camaçari Credit: Ford Brasil

The carmaker justifies the decision to no longer manufacture cars in Brazil as part of the plan to focus on profitable products and obtain a corporate EBIT margin of 8% to generate "sustainable cash flow". These efforts have improved results over the past four quarters. Still, the continued unfavourable economic environment and the additional pressure caused by the pandemic have made it clear that much more is needed to create a sustainable and profitable future," said Lyle Watters, president of Ford South America.

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