Continuing its operations in Europe, Asia, the Middle East and America without slowing down, Ford has announced its balance sheet for the last quarter of last year. In the statement made by the company, it was announced that an investment of $29 billion will be made in electric and autonomous vehicles in the next 4 years
The coronavirus continues to hit the industries. After tourism, energy and food sectors, the automotive sector also got its share. US automaker Ford announced that its turnover decreased by 9 percent compared to last year and fell to 36 billion dollars. The company’s total loss in this process was $2.8 billion.
Ford allocated $22 billion for the electric vehicle
In the statement made by Ford, it is planned to be implemented for the coming years. projects transferred. Aiming to focus especially on electric and autonomous vehicles, Ford plans to invest a total of 29 billion dollars by 2025. Ford, which is one of the leading players in the European and Middle East market, is expected to focus on electric and autonomous vehicle production after the European Union’s decision to expand electric vehicles. In the continuation of the company’s statement, Ford is expected to allocate $22 billion to electric vehicles and $7 billion to autonomous vehicles.
Automotive manufacturers, which changed especially after Kovid-19, focused on electric and autonomous vehicle production. Hyundai, Toyota, Honda and German automotive manufacturers also turned their plans in this direction in the following years. Ford, which was late compared to its competitors to work on this issue and was at the center of criticism, shared that it would change company policies and invest in electric and autonomous vehicles.