Business
Originally published on Wed September 26, 2012 10:36 am
By editor
Transcript
STEVE INSKEEP, HOST:
NPR's business news business with some bad news for automakers.
Ford is cutting jobs in Europe. Sales in the European Union are down 12 percent this year; that's what a financial crisis will do for you. Bloomberg reports a few hundred workers, mostly in Germany and the United Kingdom, will be getting the axe. And the pioneering electric car maker Tesla Motors has announced that it is selling five million shares to raise much needed cash.
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