Ford (F) will not pull out of its European business, instead it will inject EUR 4.4B of new capital into its German subsidiary to keep it afloat as the company warns of more “tough decisions” ahead as it tries to revive its car business in Europe, Kana Inagaki of The Financial Times reports. Additionally, the company has called on Brussels and Germany to do more to accelerate the transition to EVs and aid in lowering costs to compete with Chinese rivals.
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