Ford to launch eight new electric vehicles across Europe this year
Category: #business  By Mateen Dalal  Date: 2019-09-11
  • share
  • Twitter
  • Facebook
  • LinkedIn

Ford to launch eight new electric vehicles across Europe this year
  • Electric variants of the company’s Puma and Kuga SUVs as well as the Mondeo sedan will be the new launches in Europe.
     
  • The company also plans to unveil nine more electric vehicles across Europe by 2024.

Ford Motor Co, American multinational automobile company headquartered in Dearborn, Michigan, reportedly announced its plans to launch eight electric vehicles across Europe by the end of the year, an important step in its mission of achieving majority of its total sales through electric vehicles by end of 2022.

The U.S. automobile company has pushed into the field of electric vehicles when car producers across the world are rushing to reduce their carbon dioxide emissions in an effort to comply with European Union’s more strict environmental standards.

Electric variants of the company’s Puma and Kuga SUVs as well as the Mondeo sedan will be the new launches in Europe. The company also plans to unveil nine more electric vehicles in Europe by 2024, which also includes a new electric sports utility vehicle inspired by Mustang, set to be launched next year.

Ford’s European business has been suffering losses since years and the burden to restructure operations increased greatly after rival of the company, General Motors increased its profit by selling off its European Opel as well as Vauxhall brands to French automobile company Peugeot SA.

In a bid to reduce manufacturing and development costs, Ford partnered with Volkswagen earlier in July to develop self-driving and electric vehicles under a joint effort.

Volkswagen agreed to invest $3.1 billion into the Argo AI self-driving division of Ford, but further estimated that it could gain up to $20 billion in terms of revenue by sharing its architecture of MEB electric vehicle in Europe with Ford.

The tie-up with Volkswagen in Europe for electric vehicles production is just a part of Ford’s earlier disclosed $11.5 billion electric vehicles investment worldwide.

Ford will also create a new smartphone app that would let its operators and users find, navigate to and pay for charging of electric vehicles. 

 

Source credit: https://in.reuters.com/article/us-ford-electric/ford-makes-big-electric-push-in-europe-with-new-launches-idINKCN1VV1CZ

  • share
  • Twitter
  • Facebook
  • LinkedIn


About Author

Mateen Dalal    

Mateen Dalal

Mateen has completed his Bachelor’s degree in electronics and telecommunication engineering, post which he lent his proficiency to the industry, working as a quality and test engineer. Drawn intricately toward the field of content creation however, Mateen soon switc...

Read More

More News By Mateen Dalal

Health insurer Alan acquires Jour to enter the mental health market
Health insurer Alan acquires Jour to enter the mental health market
By Mateen Dalal

Alan, a health insurance startup based in France, has acquired American digital behavioral health firm, Jour for $20 million. The acquisition has assisted the French health insurer to launch its new digital health service, Alan Mind, helping it ...

WAVE Electronics adds CYNC™ Smart Home solutions to its portfolio
WAVE Electronics adds CYNC™ Smart Home solutions to its portfolio
By Mateen Dalal

South Korean consumer equipment firm, WAVE Electronics has recently formed an alliance with home automation company, Savant Systems, Inc. to provide CYNC™ smart home solutions to its contractors, custom installation professionals, and builders ...

WardWizard Innovations & Mobility to invest $20Mn in EV business
WardWizard Innovations & Mobility to invest $20Mn in EV business
By Mateen Dalal

Indian electric vehicle manufacturer, WardWizard Innovations and Mobility have expressed plans to spend INR 150 crore (USD 20 million) in the coming six months in its EV business, as it seeks to ramp up technology and infrastructure, among other thin...