New York (AFP) – Faced with declining stock prices and sluggish sales, US auto giant Ford has taken steps to regain its balance with the announcement of a major effort in Europe, while preparing for an imminent strategic partnership with German manufacturer Volkswagen. The iconic American brand will proceed with a major reorganization of its European operations to increase its profitability, including thousands of job cuts. She was also on the cusp of announcing a major alliance with VW next week, to catch up. Technologies for autonomous and electric cars.Ford, which employs 200,000 people worldwide and generated a business turnover of nearly $ 146 billion in 2017, has already said it will want to reduce costs by approximately $ 25.5 billion by 2022. According to analysts, 24,000 jobs are threatened.Ford has already stopped producing sedans and small cars to save $ 11 billion in the US – and could also remove the Fiesta, Focus and Mondeo models in Europe, where they are popular.Additiona The cost reduction could include the closure of underutilized US plants, according to Adam Jonas, an analyst at Morgan Stanley, despite public pressure exerted by the President Donald Trump on automakers so that they maintain their American workforce. It could also affect China and Latin America, two markets on which Ford is struggling "These cuts could save Ford $ 14 billion in international operations. 39, a more efficient company today, but to completely redefine it, "said Steve Armstrong, CEO of Ford. Operations in Europe, the Middle East and Africa.- Ford-Ford's new transformation comes at a time when the automotive sector is undergoing major changes due to the development of new technologies, accelerated by the disenchantment of diesel engines. Autonomous and electric vehicles are expensive to develop, and require either new plants or a complete modernization of existing plants. Ford faces the same headwinds as the rest of the world. low-margin sector: trade tensions, potential slowdown in the global economy, slowdown in the Chinese economy, Brexit in Europe and currency fluctuations. The rapid growth of car-sharing services such as Uber and Lyft also suggests that car industry groups will have to reduce However, negotiations have been going on for months on a Ford-VW partnership aimed to develop stand-alone technologies, as well as commercial and electric vehicles. The alliance is expected to be announced next week at the Detroit auto show, Tuesday, a source close to the record told AFP. "Today, Volkswagen is a good match, we have different geographic profiles, and both of us need to improve our bottom line," Ford Global Markets Manager Jim Farley said Wednesday. more numerous – Ford also plans to strengthen its partnership with Indian automaker Mahindra "Partnership will be an important element" In July, Ford created an independent company, Ford Autonomous Vehicles LLC, to contain its standalone technology company. It will invest 4 billion dollars by 2023. The company is also looking for partners in this company, while its rivals have already promised to market their first autonomous cars in the next few years.CEO Jim Hackett, under the pressure of financial markets, Hopefully these initiatives will allow Ford to almost double its operating margin to 8% by 2020, compared to 4.4 percent in the third quarter of 2018. Hackett took the reins in May 2017. A year later, Ford sales in North America dropped 3.5%, while the entire sector grew 1.8%. lost a third of its value in one year and its market value is only $ 34 billion, far behind General Motors ($ 49.6 billion) and the electric car manufacturer Tesla ($ 58.1 billion) . Hackett has promised to unveil a new Ford in the coming months In North America, the company will focus on Mustang sports cars, vans, SUVs and crossover vehicles – vehicles popular with US consumers. 39, one of the most competitive markets, give priority to commercial vehicles such as vans. The company did not rule out leaving the continent completely if its strategy failed, a source said. In this case, Ford would follow the example of GM, which left Europe in 2017 after years of losses selling Opel-Vauxhall to Peugeot.