(TNS) — Amid tightening environmental regulations driving an industry-wide shift to electric vehicles,
The Blue Oval pledged that almost its entire European vehicle lineup would be electric in the coming years — a commitment it plans to fulfill in part by converting its
In announcing its fourth-quarter and full-year 2020 financial results earlier this month,
The company also announced a near-doubling of its global investment in electrification, to $22 billion by 2025; the $1 billion investment in
“We successfully restructured
The investment in
The automaker said its first European-built, all-electric passenger vehicle, which will be sold to customers in
In a statement,
“However, while alliance vehicles will share certain technologies under the skin,
Ferdinand Dudenhöffer, a professor of automotive economics at the
The move on
Also key to its plans for the region, the Blue Oval signaled, is the incorporation of digitally-connected offerings into its commercial vehicle lineup, which leads the segment in
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