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Ford slashes 2,000 jobs in China after sales drop nearly 40%

Further layoffs possible at joint venture as trade war dampens auto market

The automaker has been slow to roll out sport utility vehicles and other popular models.   © Reuters

BEIJING/TOKYO -- Ford Motor's main Chinese joint venture is reducing its workforce by 2,000, or about 10%, after suffering a sharp reversal in the world's biggest auto market, according to company sources.

Several executives revealed the decision to cut jobs at Changan Ford Automobile, which is owned equally by Ford and state-owned China Changan Automobile Group.

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