AutoComplete: Ford reportedly set to ax 10 percent of workers
Here's what making news on Road Show.
Is Ford preparing to cut 10% of its workforce?
Both the Wall Street Journal and Reuters think so.
The blue oval employs around 200,000 workers globally.
So that could mean that 20,000 workers will eventually be let go.
Potentially mostly through early retirement packages.
Despite being profitable even as the car market peaks, the rumored cuts are said to be part of a $3 billion cost reduction effort Aimed at showing up Ford's stock price.
The auto maker has yet to confirm the plans.
But, we should know more soon.
After a long strange trip, Lamborghini's Urus is finally almost here.
It's Lamborghini's first SUV since the LM002.
002 a small volume model that last pounded sand in the early 90s.
Based on the 2012 concept, the Iris will be a higher volume, for a Lamborghini anyway.
And reportedly be powered by a 650 horsepower twin turbo V8.
Following later this year, the $200,000 utility is tips to eventually spawn with lambo's first ever hybrid model, likely debuting in 2019.
High end car buyers have always been kids in candy stores but now Autobahn Motors of Singapore is taking this notion to the next level.
15 levels to be more precise.
This is the company's vehicular vending machine and it's loaded with exotic and luxury cars.
Shoppers use a ground floor touchscreen to spin through as many as 60 cars It only takes a minute or two to serve up a given vehicle, and it's ten times more space efficient than a normal dealer lot, it also looks amazing.
Find more on these stories over on the roadshow.com.
We'll talk to you tomorrow.
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