It is alleged that the joint venture of US automaker Ford Motor Co. in China began "laying off thousands of thousands of employees" from its 20,000 employees due to low car sales in the Chinese economy.
FORD NO DESCRIPTION
The New York Times report did not specify the source of information on the number of layoffs. Ford did not make a statement about the news. Ford's spokesman for the local joint venture, which he established with the Changan Automobile Group, did not respond to demand for clarification.