Ford to go all electric in Europe by 2030
FRANKFURT, Germany (AP) – Ford announced a major push into electric vehicles in Europe, vowing to convert its entire passenger car lineup on the continent to electrics by 2030. Ford will spend $1 billion to revamp its factory in Cologne, Germany and make it a base for production of zero local emission cars using Volkswagen’s mechanical framework, said Stuart Rowley, president of Ford of Europe, during an online news conference Wednesday. The new electric car is to reach the market in mid-2023, and could be followed by a second one there in the future. The agreement lets Ford take advantage of Volkswagen’s massive investment in electric cars as the industry shifts toward zero-local emissions vehicles.
By TOM KRISHER and DAVID McHUGH, AP Business Writers
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