Ford Motor Co will cut 3,000 salaried and contract jobs, mostly in North America and India. As it is restructuring to catch up with Tesla Inc. In the race to develop software-driven electric vehicles. Ford shares were down 4.8% in midday trading amid broader declines on Wall Street. Ford has begun separating its operations into electric, combustion engine and commercial vehicle operations. Rival General Motors Co in late 2018 moved to cut 14,000 jobs.
