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Ford Announces New Electric Light Commercial Vehicle May 01, 2021 at 10:34am ET ++ It will be produced from 2024 in Romania, alongside a conventional version that will enter the market a year earlier. Ford announced a new $300 million investment in Romania, where it intends to build a new light commercial vehicle at its Craiova Assembly Plant, starting in 2023. Initially, only the conventional version of the vehicle will be produced, but The Craiova Assembly Plant currently produces Puma and Ford EcoSport models, as well as 1.0-litre EcoBoost engine. Previously, the ...

27 April 2021 Ford has confirmed a new light commercial vehicle will be built in Romania in 2023, with an electric version set to follow a year later. A $300 million investment in the Craiova Assembly Plant is the latest part of Ford's aim to electrify its entire commercial vehicle range, which will be 100% zero-emissions capable by 2024 as either all-electric or plug-in hybrid models. The company expects two-thirds of its commercial vehicle sales to be EVs or PHEVs by 2030. Craiova will become Ford's third European production facility to build an all-electric vehicle, following recent in...

- shares new 'light commercial vehicle' in 2023, with an all-electric variant to follow in 2024. The identity of the vehicle remains unknown, however replacement for the Transit Courier van sold in Europe, which rides on the previous-generation Fiesta city car's platform, and would celebrate its ninth birthday in 2023 – aligning with Ford's circa-10-year life-cycle for its smaller vans. The new city-sized van would slot into the Blue Oval's European range below the next-generation Transit Connect small van and upcoming Transit Custom medium van – both confirmed for launches in 2021 and 2...

Ford to build light utility vehicle factory in Romania Ford has announced it will invest $300 million in the production of a new light commercial vehicle at its Romanian assembly plant in Craiova, with production scheduled to start in 2023. An all-electric version of this commercial vehicle model will debut in 2024. With the investment of the equivalent of 249 million euros, Craiova would be Ford’s third location in Europe where fully electric vehicles come off the production line – alongside Cologne in Germany and Kocaeli in Turkey. In Craiova, Ford currently builds the two small SUV mod...

This morning in metals news: the US steel sector’s capacity utilization rate hit 78.4% last week; meanwhile, Ford announced plans to invest $300 million to build a new light commercial vehicle in Romania; and, lastly, the United States International Trade Commission held a five-year sunset review regarding imports of prestressed concrete steel wire strand from China. Volatility is the name of the game. Do you have a steel buying strategy that can handle the ups and downs? US steel capacity utilization reaches 78.4% nikitos77/Adobe Stock The US steel sector reached a capacity utilization ra...