Ford Continues Pursuit of All-Electric Future in Europe | Financial Buzz

Ford Continues Pursuit of All-Electric Future in Europe

Ford Motor Co. (NYSE: F) has announced strides toward an all-electric future in Europe where we will see the company transformed and offer a new generation of seven all-electric passenger vehicles and vans by 2024.  “I am delighted to see the pace of change in Europe – challenging our entire industry to build better, cleaner and more digital vehicles. Ford is all-in and moving fast to meet the demand in Europe and around the globe,” said Jim Farley, Ford president and CEO.

“This is why we have created Ford Model e – allowing us to move at the speed of a start-up to build electric vehicles that delight and offer connected services unique to Ford and that are built with Ford-grade engineering and safety.”  “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, Ford of Europe. “It’s also about the pressing need for greater care of our planet, making a positive contribution to society and reducing emissions in line with the Paris Climate Agreement.”

Beginning in 2023, Ford will begin production of all-new electric passenger vehicle, a medium sized crossover built in Cologne with a second electric vehicle added to the Cologne production line-up in 2024.  “These new Ford electric vehicles signal what is nothing less than the total transformation of our brand in Europe – a new generation of zero-emission vehicles, optimized for a connected world, offering our customers truly outstanding user experiences,” said Rowley.

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