Foley Weekly Automotive Report - June 2021 | Foley & Lardner LLP
China to Fordannounced a new business unit, Ford Pro, as part of an initiative to increase revenue from its commercial business to $45 billion by 2025, from $27 billion in 2019. Electric vehicles and low emissions technology: over $30 billion in EVs by 2025, up from $22 billion committed earlier this year, and 40% of its global production volume will be electric by the end of the decade. EVs represented 1.2% of Ford’s U.S. sales through April, and the automaker’s future electrification strategy emphasizes its most iconic brands, such as the Mustang, the F-Series and the Transit van...
Source: jdsupra.com
