Ford Deals a Blow to Bolsonaro With Plan to Shutter Brazil Plant
- Production at São Bernardo do Campo factory to cease this year
- Vows work with stakeholders on next steps for 2,800 workers
Employees work at the Ford plant in Sao Bernardo do Campo, Brazil in 2004.
Photographer: Jean-Pierre Pingoud/Bloomberg
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Ford Motor Co. is shutting a factory in Brazil in an attempt to turn around its money-losing South American business, dealing a blow to Jair Bolsonaro less than two months into his presidency.
The automaker expects to record $460 million in charges related to exiting the heavy-truck business in all of South America, according to a statement. It’s halting production this year at its São Bernardo do Campo assembly plant, which employs almost 2,800 workers building Cargo, F-4000 and F-350 trucks, plus the Fiesta small car.