Ford Takes Bold Steps Toward All-Electric Future in Europe

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Ford today announced that ” significant strides toward an all electric future in Europe, which will see the company transformed and offering a new generation of seven, all-electric, fully-connected passenger vehicles and vans by 2024.

Today’s announcement builds on the recent news that the company has created a new global
business unit – Ford Model e – focused on the design, production, and distribution of electric and
connected vehicles. Together with Ford Pro, the business unit focused on Ford’s commercial vehicle
business, these two business units will define Ford’s future in Europe.

I am delighted to see the pace of change in Europe – challenging our entire industry to build better,
cleaner and more digital vehicles. Ford is all-in and moving fast to meet the demand in Europe and
around the globe,” said Jim Farley, Ford president and CEO.”