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Tuesday, February 23, 2021

Honda names former R&D chief next CEO - Today's Motor Vehicles

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Cologne, Germany – All of Ford or Europe’s vehicles will be available in as all-electric models by 2026, the automaker says, and it’s committing $1 billion to upgrade German operations to get there. By mid-2026, the automaker’s European will be all-electric or plug-in hybrid and will be completely electric vehicles (EVs) by 2030.

Ford’s commercial vehicle range will be zero-emissions capable, EV or plug-in hybrid, by 2024, with two-thirds of Ford’s commercial vehicle sales expected to be all-electric or plug-in hybrid by 2030.

“We successfully restructured Ford of Europe and returned to profitability in the fourth quarter of 2020. Now we are charging into an all-electric future in Europe with expressive new vehicles and a world-class connected customer experience,” said Stuart Rowley, president, Ford of Europe.

The $1 billion investment to modernize Ford’s vehicle assembly facility in Cologne, Germany, will transform the existing vehicle assembly operations into the Ford Cologne Electrification Center for the manufacture of electric vehicles, Ford’s first such facility in Europe.

Ford also confirmed that its first European-built, EVc passenger vehicle for European customers will be produced at the facility from 2023, with the potential for a second all-electric vehicle built there under consideration.

“Our announcement today to transform our Cologne facility, the home of our operations in Germany for 90 years, is one of the most significant Ford has made in over a generation. It underlines our commitment to Europe and a modern future with electric vehicles at the heart of our strategy for growth,” Rowley said.

”The decision to make the production and development site in Cologne the e-mobility center for Ford in Europe is an important signal to the entire workforce,” said Martin Hennig, chairman of the General Works Council of Ford-Werke GmbH. “It offers a long-term perspective for our employees and at the same time encourages them to help shape this electric future.”

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February 23, 2021 at 07:01PM
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Honda names former R&D chief next CEO - Today's Motor Vehicles

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