Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Ford doubles down on electric vehicle push in Europe
Reuters
Ford doubles down on electric vehicle push in Europe
Mon, March 14, 2022, 5:38 AM
By Christoph Steitz
FRANKFURT (Reuters) - U.S. carmaker Ford on Monday unveiled plans for seven new electric models in Europe, a battery-assembly site in Germany and a nickel cell manufacturing joint venture in Turkey as part of a major electric vehicle (EV) push on the continent. ... "Our march toward an all-electric future is an absolute necessity for Ford to meet the mobility needs of customers across a transforming Europe," said Stuart Rowley, chair of Ford of Europe.
Ford said it would introduce three new electric passenger vehicles and four new electric commercial vehicles in Europe by 2024, adding it plans to sell more than 600,000 EVs in the region by 2026. ... This, Ford said, would help it reach its global goal of selling more than 2 million EVs a year and achieving an adjusted operating profit margin of 10% by 2026. ... The strategy update for Europe comes shortly after Ford announced a $50 billion investment push to kick-start electrification that also includes running its EV unit separately from the group's legacy combustion engine business.
As part of its push, Ford deepened its existing partnership with Volkswagen under which the U.S. carmaker will produce a second electric vehicle for the European market based on its German rival's platform. ... Ford will as a result double its planned volume of vehicles to be produced based on Volkswagen's modular electric-drive platform, known as MEB, to 1.2 million units over a six-year timeframe.
{snip}
Ford doubles down on electric vehicle push in Europe
Mon, March 14, 2022, 5:38 AM
By Christoph Steitz
FRANKFURT (Reuters) - U.S. carmaker Ford on Monday unveiled plans for seven new electric models in Europe, a battery-assembly site in Germany and a nickel cell manufacturing joint venture in Turkey as part of a major electric vehicle (EV) push on the continent. ... "Our march toward an all-electric future is an absolute necessity for Ford to meet the mobility needs of customers across a transforming Europe," said Stuart Rowley, chair of Ford of Europe.
Ford said it would introduce three new electric passenger vehicles and four new electric commercial vehicles in Europe by 2024, adding it plans to sell more than 600,000 EVs in the region by 2026. ... This, Ford said, would help it reach its global goal of selling more than 2 million EVs a year and achieving an adjusted operating profit margin of 10% by 2026. ... The strategy update for Europe comes shortly after Ford announced a $50 billion investment push to kick-start electrification that also includes running its EV unit separately from the group's legacy combustion engine business.
As part of its push, Ford deepened its existing partnership with Volkswagen under which the U.S. carmaker will produce a second electric vehicle for the European market based on its German rival's platform. ... Ford will as a result double its planned volume of vehicles to be produced based on Volkswagen's modular electric-drive platform, known as MEB, to 1.2 million units over a six-year timeframe.
{snip}
1 replies
= new reply since forum marked as read
= new reply since forum marked as read
