The competition in the global electric vehicle market is fierce, and traditional car manufacturers have also begun to prepare for the battle. Bloomberg reported on July 20, citing people familiar with the matter, that automaker Ford Motor is preparing to lay off as many as 8,000 jobs in the next few weeks to cut costs and invest more money in developing electric vehicles.

According to Bloomberg, the layoffs mainly affect Ford’s “Ford Blue” unit, which is responsible for the fuel vehicle business, as well as monthly salary employees in other departments, people familiar with the matter said. However, this layoff plan has not yet been formally finalized, and the details may change.

Ford could cut jobs in stages, possibly starting as early as this summer, the people said. Ford, which employs about 31,000 monthly workers in the U.S., is expected to be the hardest hit by the layoffs.

A Ford spokesman said it would not respond to market rumors and had arranged to hold a video conference on the 21st to explain to investors how it plans to achieve the goal of producing 600,000 electric vehicles a year by 2023 and more than 2 million by the end of 2026, Reuters reported.

In March of this year, Ford announced to increase the amount of investment in electric vehicles, from the original investment of 30 billion US dollars in 2025 to 50 billion US dollars in 2026.

At the same time, the organizational structure was adjusted to separate the fuel vehicle and electric vehicle businesses into two separate divisions, Ford Blue and Ford Model e, to accelerate the development of electric vehicles under the current electrification trend.

According to Ford’s financial report released on April 27, the net loss in the first quarter of 2022 (January-March) was US$3.1 billion, mainly dragged down by a US$5.4 billion investment loss from its reinvestment in electric vehicle maker Rivian.

Ford is scheduled to release its second-quarter earnings on July 27. On the 20th, Ford (F.US) shares rose 1.11% to close at $12.73, down 38.71% this year.

Tired of getting into your hot car like an oven on hot days? Learn with Otonel how to effectively cool your car in seconds.

The heat wave, which affects countries in the summer months, makes the lives of drivers very difficult. Temperatures often exceed 30 degrees and living in such conditions is difficult. It gets even worse, especially when we have to get behind the wheel and our car turns into a real oven as soon as it’s parked in direct sunlight for a few minutes.

You should not forget that the temperature in the passenger compartment can reach 50 degrees in the sun in just twenty minutes. For this reason, you should never leave your child or pet alone in the vehicle, even for a very short time. The consequences of this mistake can be truly fatal.

Try this as soon as you get in the car!

There are little tricks to keep your car cool. There is also a solution to very effectively reduce the heat of the riding position. There is an easy and very clever technique for this. All you have to do is lower the window, get into the car, and quickly open and close the driver’s door five or six times in a row. By doing so, the temperature will drop by ten degrees almost instantly.

This is due to the pressure of the door, which pulls the warm air out while cold air enters through the window. It’s simple but highly effective, and it also saves fuel by using your air conditioner much less. In addition, after you start driving and accelerate, you can open all the windows and provide air circulation inside and then run your air conditioner.

Fastest Way to cool down a Car

The automobile market in Europe, which has entered the recovery phase after the coronavirus epidemic, is still not at the desired level and recorded a 16.8% decrease in June with 1,066,137 new registrations.

The negative period of the European market continues in June 2022. Total new car registrations in the 30 EU countries and the United Kingdom stood at 1,066,137, representing -16.8% compared to 1,281,892 registrations in June 2021.

5,597,656 vehicles were sold in the first half of 2022, a -13.7% decrease compared to the same period of the previous year(2021 total sales 6,485,862).

That’s almost 900,000 fewer cars. Among the four major markets in June, the UK recorded the lowest performance with -24.3%, Germany declined by 18.1%, France took its place with -14.2%, while Italy was confirmed as the fourth market in terms of volume.

As for manufacturers, Volkswagen Group produced 255,605 cars (-24.4%) in June 2022, followed by Stellantis (215,439) and Group Renault (128,200).