Ford makes big electric push in Europe with new launches [Reuters]
Ford Motor Company (F)
Last ford motor company earnings: 4/28 04:09 pm
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Source: Reuters
Ford makes big electric push in Europe with new launches (Reuters) - 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. The launches include electric variants of the Kuga and Puma SUVs and the Mondeo sedan. The automaker also plans to launch 15 other electric vehicles by 2024 in Europe, including a new Mustang-inspired electric SUV next year. The automaker unveiled the models at the Frankfurt Motor Show in Germany, and said it would partner with six leading energy suppliers across Europe to provide home charging wall box installation services. The carmaker, like its rivals, has been facing stagnant demand and rising costs as it invests billions of dollars in electric, hybrid and autonomous vehicles in efforts to boost sales. The company’s European business has been losing money for years and the pressure to restructure its operations incr
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