Ford Motor Co said on Tuesday it would launch eight electric vehicles in Europe ...
- Ford Motor Co said on Tuesday it would launch eight electric vehicles in Europe this year, a key step in its target of achieving a majority of its overall sales from electric cars by the end of 2022.
Ford’s launches include electric variants of the Kuga and Puma SUVs and the Mondeo sedan. The automaker also plans to launch nine other electric vehicles by 2024 in Europe, including a new Mustang-inspired electric sports utility vehicle next year. The company’s European business has been losing money for years and the pressure to restructure its operations increased after rival General Motors raised profits by selling its European Opel and Vauxhall brands to France’s Peugeot SA.
Ford had said it expects to build more than 600,000 electric vehicles in Europe over six years, sourcing components and the vehicle underpinnings from VW, helping both to cut costs.
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