American vehicle manufacturer FordIt is known that Turkey gives priority to the subject of electric vehicles. The company draws attention with its efforts to ensure that all cars it will sell in Europe will be fully electric by 2030. In this regard, an important statement came from the company. Ford has announced that it is restructuring for electric and internal combustion vehicles.
Their aim is to accurately and effectively focus on the challenges as well as opportunities in this field. In addition, the company’s operating profit margin is targeted to increase from 8 percent to 10 percent by 2026.
The company gathered two important production branches under the title Ford Blue and Ford Model E. Accordingly, the Ford Blue unit will oversee existing internal combustion (ICE) vehicles such as the Mustang, F-150 and Bronco. This is interpreted as an indication that the company still has not given up on internal combustion engines. Ford Model E unit will focus on electric vehicles. The aim is to progress rapidly in this regard.
“This will really make a big difference in the modernization of the way we do business,” comments Doug Field, Head of Ford EV and Digital Systems. However, Ford shares fell about 5 percent after this announcement. Therefore, only time will tell what benefit this restructuring will bring to the company.
On the one hand, Ford’s e-scooter startup Spin, last January, decided to withdraw from some markets in which it operates. we wrote. Spin had decided to withdraw partially from the USA and some European countries. The company was said to focus on markets in the US, Canada and the UK. In February, it was stated that it will first come out of the Spanish market.