clearn.png
Saturday October 23rd, 2021 7:21AM

Ford is going all electric in Europe by 2030

By The Associated Press
Related Articles
  Contact Editor

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 Stewart 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.

Ford follows General Motors which said last month that its entire global fleet would largely be electric by 2035, breaking with more than a century of producing internal combustion engines. The speed of the transformation at GM and Ford underline sweeping changes in the auto industry. Regulators have pushed to limit emissions while automakers have shifted toward digital technology such as smartphone apps and advanced driver assistance systems, with the ultimate goal of fully autonomous vehicles.

The agreement with Volkswagen lets Ford take advantage of VW's massive investment in electric cars as the industry shifts toward zero-local emissions vehicles. The Volkswagen framework uses standard mechanical underpinnings such as the battery, suspension, wheels and axles that can be adjusted to manufacture different vehicle models. Volkswagen is already using the framework in its ID.3 compact and ID.4 sport-utility vehicle.

The moves are part of Ford's push to offer fully electric or plug-in gas-electric versions of all passenger vehicles in Europe by 2024, with all European vehicles going to full electric by 2030. The company also predicted that two-thirds of its European commercial vehicle sales will be electric or plug-in hybrids by 2030.

“We are going all in on electric vehicles,” Rowley said.

Carmakers in Europe must sell more electrics to meet new, lower limits on emissions of carbon dioxide, the main greenhouse gas blamed for global warming. The new limit, which took effect at the start of the year, is part of the European Union's efforts to comply with the 2015 Paris agreement on global warming. If manufacturers don't hold fleet average emissions below the limit, they face heavy fines. Rowley said Ford was in a position to avoid the fines going forward.

The company said commercial vehicles are the key to growth and profitability in Europe, with new products and services through its alliance with Volkswagen and Ford's Otosan joint venture in Turkey.

The investment, to be made through 2025, is among the most significant Ford has made in more than a generation and “underlines our commitment to Europe and a modern future,” Rowley.

Ford said the investment in the Cologne plant, which employs just over 4,000 workers, comes after its European operations returned to a profit in the fourth quarter of 2020.

The investment is part of Ford's goal of spending at least $22 billion on electric vehicles from 2016-2025.

___

Krisher contributed from Detroit, Michigan.

  • Associated Categories: Associated Press (AP), AP Business, AP Business - Corporate News
© Copyright 2021 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
Ford is going all electric in Europe by 2030
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
7:33AM ( 19 minutes ago )
Snows storms hit East Med, army called out in Greece
Greece has called in the armed forces to help repair widespread damage caused by heavy snowfall in Athens, while blizzards continued to cause havoc in neighboring Turkey and with the snow reaching as far as Libya
7:18AM ( 33 minutes ago )
After delay, Israel allows vaccines into Hamas-run Gaza
Israel has allowed the Palestinian Authority to deliver the first shipment of vaccines to the Hamas-ruled Gaza Strip
7:17AM ( 34 minutes ago )
Associated Press (AP)
Ford to go all electric in Europe by 2030
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
7:00AM ( 51 minutes ago )
Japan starts COVID-19 vaccinations with eye on Olympics
Japan has launched its coronavirus vaccination campaign amid questions about whether it will reach enough people quickly enough to save a Summer Olympics already delayed by the pandemic
6:36AM ( 1 hour ago )
The Latest: UK approves trial exposing volunteers to virus
British regulators have approved the world’s first coronavirus human challenge trial involving volunteers being deliberately exposed to the virus to study how infection spreads
6:15AM ( 1 hour ago )
AP Business
Pfizer-BioNTech to get EU 200 million more COVID-19 shots
Pfizer and BioNTech say they have finalized an agreement to supply the European Union with another 200 million doses of their COVID-19 vaccine
5:38AM ( 2 hours ago )
Ford to spend $1B to switch German factory to electric cars
Ford says it will spend $1 billion to modernize its Cologne, Germany, manufacturing center, converting it into a European electric vehicle factory
5:03AM ( 2 hours ago )
Global shares slip on profit-taking, hopes grow for recovery
Global shares are mostly lower as investors sell to lock in profits from the recent rally driven by hopes economies will gradually return to a pre-pandemic normal
4:05AM ( 3 hours ago )
AP Business - Corporate News
Snows storms hit East Med, army called out in Greece
Greece has called in the armed forces to help repair widespread damage caused by heavy snowfall in Athens, while blizzards continued to cause havoc in neighboring Turkey and with the snow reaching as far as Libya
7:18AM ( 33 minutes ago )
After delay, Israel allows vaccines into Hamas-run Gaza
Israel has allowed the Palestinian Authority to deliver the first shipment of vaccines to the Hamas-ruled Gaza Strip
7:17AM ( 35 minutes ago )
The Latest: Slovakia asks EU to send in medical workers
Slovakia is asking other European Union countries to deploy their medical personnel in the hard-hit country to help treat COVID-19 patients
7:07AM ( 44 minutes ago )
The Latest: Tsitsipas pushes Nadal to 5th set at Australian
Rafael Nadal’s bid for a record 21st Grand Slam title is in trouble
7:04AM ( 47 minutes ago )
Russian cargo ship docks at International Space Station
An unmanned Russian cargo ship has docked at the International Space Station with a load of supplies
7:01AM ( 51 minutes ago )