DETROIT—Ford Motor Co. recently announced that it will eliminate about 20 percent of its workforce across Europe and close six factories in a sweeping overhaul aimed at reviving the money-losing region as the company also moves to prepare for the future of electric and self-driving cars.

DEARBORN, MI—Ford Motor Co. said Monday that it is laying off about 7,000 managers and other salaried employees, about 10 percent of its white-collar workforce across the globe, as part of a restructuring plan designed to save the number two automaker $600 million annually.

REDFORD, MI—Ford Motor Co. announced last week that its new Mustang Shelby GT500 will have two 3D-printed brake components. The announcement was made at the automaker's new $45 million Advanced Manufacturing Center here.