![]() Having successfully restructured and returning to profitability in Europe in the fourth quarter of 2020, Ford moves to next phase of plan, led by an all-electric future remains on track to reach 6% EBIT margin as part of company’s plan to turnaround its global automotive operationsĬOLOGNE, Germany, Feb.Ford’s drive to a fully electric future spearheaded by a $1 billion investment in a new electric vehicle manufacturing center in Cologne company’s first European-built, volume all-electric passenger vehicle for European customers will roll off the lines in Cologne starting in 2023.Europe-leading Ford commercial vehicle business key to future growth and profitability, supported by new products and services and Ford’s strategic alliance with Volkswagen and its Ford Otosan joint venture.Ford’s commercial vehicle range in Europe also will be 100% zero-emissions capable,Īll-electric or plug-in hybrid, by 2024 two-thirds of commercial vehicle sales expected to be all-electric or plug-in hybrid by 2030.Ford says by mid-2026, 100% of its passenger vehicle range in Europe will be zero-emissions capable, all-electric or plug-in hybrid moving to all-electric by 2030. ![]()
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