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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
Carmaker Ford Motor jumped into the emergency push by major US manufacturers to produce thousands of ventilators and respirators needed to help combat the spread of the coronavirus under a partnership code-named ‘Project Apollo’.
Ford Motor on Friday raised $8 billion from corporate debt investors to shore up its cash reserves as the coronavirus outbreak pummeled vehicle sales and production, resulting in an estimated loss of about $2 billion for the first quarter.