Ford strikes deal to keep Fiesta production in Germany

|About: Ford Motor Company (F)|By:, SA News Editor

Ford (F) says it will keep production of the Fiesta model in Germany despite the high labor costs in the nation.

The automaker gained some concessions from groups representing workers, including cutting back on working hours and reducing late shifts.

Ford estimates savings of $400M for the period from 2017 to 2021 from the new measures.