Ford is slashing the working hours of some of its German factory employees amid what it calls a 'significantly lower than expected' demand for its EVs

Group 1 - Ford is reducing work hours for its employees at the Cologne plant due to lower than expected demand for electric vehicles [1][2][3] - The company has over 4,000 employees at the Cologne facility and has applied for a temporary part-time work scheme under Germany's Kurzarbeit program [4][3] - The Kurzarbeit program allows employers to reduce work hours instead of laying off employees, with the government covering 60% of the pay for hours not worked [4] Group 2 - The electric vehicle industry is currently facing challenges, prompting Ford and other manufacturers to focus on hybrid vehicles to meet market demand [5] - In August, Ford announced the cancellation of plans for delayed electric SUVs and the postponement of its next electric pickup truck, opting to replace them with hybrid models [6] - Ford reported third-quarter revenue of $46 billion and a net income of$0.9 billion, a decrease of $0.3 billion from the previous year [7]