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Reuters CLH / KK / ANT
One of Ford’s cars
Brazilian President Jair Bolsonaro on Tuesday accused the American automaker “Ford” of lying about the reason for the closure of its factories in the country.
“I regret having lost 5,000 people their jobs … But what does Ford want? They lied, they want financial subsidies,” he said, leaving his presidential palace in Brasilia, adding that the company wants $ 3.8 billion in subsidies, which he refuses.
Company employees were surprised when they announced Monday the closure of its factories in the country, as thousands protested the move.
And the company’s Brazil branch attributed the reason for the factories shutdown to the Corona pandemic, which caused a significant drop in sales, which resulted in huge losses.
Source: RT
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