Ford announced a major push into electric vehicles in Europe, vowing to convert its entire passenger car lineup on the continent to electrics by 2030.
Ford will spend $1 billion to revamp its factory in Cologne, Germany, and make it a base for production of zero local-emission cars using Volkswagen’s mechanical framework, Stuart Rowley, president of Ford of Europe, said during an online news conference Feb. 17.
The new electric car is to reach the market in mid-2023 and could be followed by a second one there in the future.
