Workers at two Ford Motor Company facilities in Cologne, Germany, are set to embark on a strike in protest against the company's proposal to terminate thousands of jobs across Europe, with a staggering 2,900 positions at risk solely at the Cologne plant. Additionally, Ford has temporarily withdrawn its annual earnings forecast amidst uncertainties stemming from fluctuations in President Trump's tariff policy, a move anticipated to incur a profit loss of approximately $1.5 billion.
