GER - Ford invests $1 billion in Cologne EV centre, speeds up electrification schedule
GER - Ford invests $1 billion in Cologne EV centre, speeds up electrification schedule US Big Three auto producer Ford is speeding up its electrification schedule in Europe, driven by a $1 billion electric vehicle manufacturing centre investment in Cologne, Germany. Ford’s new goals include 100% of its passenger vehicles in Europe being zero-emissions capable by mid-2026, with that shifting to 100% all-electric by 2030. Its European commercial fleet will reach 100% zero-emissions capable by 2024, Kallanish understands. “We successfully restructured Ford of Europe and returned to profitabi...