Automobile giant Ford has made a $300 million investment into the Craiova Assembly Plant, an all-electric vehicle manufacturer in Romania, with hopes to have a zero-emissions lineup by 2024.
Craiova is Ford’s third European production facility that will be focusing on all-electric vehicles, with the others in Cologne, Germany and Kocaeli, Turkey. These acquisitions fall in line with Ford’s zero-emissions roadmap, with hopes to have two thirds of their commercial sales be electric vehicles by 2030.
“Our plan to build this new light commercial vehicle in Romania reflects our continuing positive partnership with local suppliers and the community,” said Ford of Europe president Stuart Rowley. Rowley would continue, adding that the moves “sends another clear signal that we are on an accelerated path to providing our commercial vehicle customers with zero-emissions futures in Europe.”
The Craiova plant currently produces the Ford Ecosport and the Puma compact SUV. It also handles the production of Ford’s 1.0 litre Ecoboost engine.
Ford has confirmed plans to build their new 2023 Transit Custom in Turkey as well as the Volkswagen Transporters as part of Ford and Volkswagen’s alliance agreement. The agreement was made between the two automakers in hopes to increase economies of scale and boost profit margins.
Ford is currently ranked number four on the list of top auto manufacturers in the world, selling 4.2 million vehicles in 2020. Volkswagen is currently ranked number one and sold over 9 million vehicles over the course of 2020.
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