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Ford Bets on Electric Cars After Announcing Closure of Brazilian Factories. The Idea Is to Sell Billions of Dollars with the New Vehicles
One of the largest multinational automotive manufacturers, Ford, is closing its factories in Brazil and is firmly betting its future on the idea of using electric cars. Ford is betting on its Mustang Mach-E to succeed where other electric cars have failed. Being an SUV, it offers plenty of space. At the end of 2020, Ford’s headquarters in Phoenix invited car buyers to check out the new electric Mustang Mach-E. The electric car manufactured by Ford Motor has recently gone on sale and is completely different from all other Mustangs released in the last 55 years.
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Ford Closes Factories in Brazil Due to COVID-19
The closures of Ford’s factories came after the worsening of the pandemic, which was announced on the 11th of this month, specifically at the plants in Camaçari (BA), Taubaté (SP), and Troller (BH, CE).
Ford stated that the COVID-19 pandemic has increased the industry’s idle capacity, leading to its decision to close the factories after years of significant losses. Ford is not the first to close its doors in Brazil recently; in December, Mercedes-Benz also closed its factory in the country, which was responsible for producing the Classe C and GLA in Iracemápolis (SP).
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