Automotive

Ford Motor Co to lay off 1,400 non-production jobs

Ford Motor Co announced on Wednesday that it is looking forward to slash 1,400 salaried employees in Asia and North America through financial incentives and voluntary early retirement. The latest move is a part of the company’s effort to improve its stock value and limit expenses. The second biggest automaker said the layoffs would represent …

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Automotive

Volkswagen to recall 334,000 vehicles amid fuel leakage issues

Volkswagen AG recently reported that it is recalling nearly 334,000 vehicles in the U.S. and Canada due to fuel leakage issues, which can result in fire. However, the company’s spokesperson Jeannine Ginivan said no incident happened because of the problem. Roughly 83 percent of the recalled vehicles, which include Volkswagen and Audi brand, are registered …

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