Ford Motor Co. F,
He said on Monday that he was interrupting production in Brazil, closing two factories immediately and another by the end of the year, reducing sales of some nationally manufactured vehicles as the stock is sold. Manufacturing operations in Argentina and Uruguay and sales companies in other South American markets were not affected, said Ford. The company said it will maintain some customer support, product development and related operations in Brazil, as well as its regional headquarters in São Paulo. The automaker said it would “facilitate possible reasonable alternatives” for interested parties to take over the available factories. In connection with this decision, Ford expects to charge pre-tax fees of around $ 4.1 billion, including about $ 2.5 billion in 2020 and about $ 1.6 billion in 2021. The company’s shares Ford added the gains to the news, recently up 2.3%. The stock lost 0.3% in the last 12 months, contrasting with gains of around 17% on the S&P 500 index. SPX,
