The move will be supported by its strategic alliance with Volkswagen Group to use VW’s MEB electric-car platform, Ford said. The automaker also will invest $1 billion in a new EV manufacturing center at its factory in Cologne, Germany
Take a look at Walt Disney World in 1971 by the numbers.
The automaker will announce Toshihiro Mibe’s promotion as early as Friday, sources told Reuters. He will replace Takahiro Hachigo, who has held the CEO role for six years.
Major brands including Opel, VW, Audi and Hyundai had steeper drops than the overall market. Volvo and Porsche showed sales gains.
Hyundai showed a small slice of the interior space for the driver and front passenger of the Ioniq 5 electric crossover. The world premiere for the vehicle is set for Feb. 23