Ford Motor Co. (NYSE: F) Injects $1 Billion in Germany as It Targets EU Market for EVs

February 26, 2021 12:45 PM EST

Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here.

Several countries across the world have set green-energy targets as the race toward electrifying the roads heats up. European countries have set what are probably the most ambitious targets, consequently pushing automakers towards adopting green energy much faster. American car maker Ford Motor Co. (NYSE: F), for instance, has unveiled plans to spend $1 billion on modernizing a factory in Cologne, Germany, as it works towards its target of selling only electric passenger cars on the continent by 2030.

According to the automaker, the plant will be overhauled and used to produce Ford’s first European-built, mass-volume electric passenger car starting in 2023. All the passenger cars Ford sells in Europe by mid-2026 will be either all-electric or plug-in hybrids with both an internal&


NOTE TO INVESTORS: The latest news and updates relating to Net Element (NASDAQ: NETE) are available in the company’s newsroom at

About Green Car Stocks

Green Car Stocks (GCS) is a specialized communications platform with a focus on electric vehicles (EV), as well as other emerging market opportunities in the green sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, GCS is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, GCS brings its clients unparalleled visibility, recognition and brand awareness. GCS is where news, content and information converge.

To receive SMS text alerts from Green Car Stocks, text “Green” to 21000 (U.S. Mobile Phones Only)

For more information, please visit

Please see full terms of use and disclaimers on the Green Car Stocks website applicable to all content provided by GCS, wherever published or re-published:

Green Car Stocks
San Francisco, California
415.949.5050 Office

Green Car Stocks is part of the InvestorBrandNetwork.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Investor Brand Network, Press Releases