Ford's 92-Year-Old Cologne Assembly Plant Embraces Green, Electric Future
Portfolio Pulse from Anan Ashraf
Ford Motor Co (NYSE:F) has reopened its Cologne assembly plant as the Ford Cologne Electric Vehicle Center, marking the start of a new electric era for the company in Europe. The plant will be Ford's first carbon-neutral facility worldwide and will produce the new electric Ford Explorer.
June 13, 2023 | 10:26 am
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Ford's Cologne assembly plant reopens as the Ford Cologne Electric Vehicle Center, marking a new electric era for the company in Europe and supporting its EV production goals.
The reopening of Ford's Cologne assembly plant as an Electric Vehicle Center is a significant step for the company in its transition to electric vehicles. This move supports Ford's goal of producing two million EVs by 2026 and will likely have a positive impact on the company's stock price in the short term as investors see the company making progress in the EV market.
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