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.
Read Also
Automakers May Surpass Tesla in Electric Cars
Ford and other large global automakers sell billions of dollars in gasoline-powered pickups and SUVs; however, they have yet to gain traction in the electric car market, as this fast-growing segment is entirely dominated by Tesla.
However, this may change this year. Ford, Volkswagen, and other automakers have begun mobilizing their electric vehicle sales, with a greater range than the previous series of Tesla competitors. From what is known, they have not been very appealing to buyers.
-
Latin America’s Largest Port Invests $400 Million in Rail System with Trains Up to 2.4 Kilometers Long
-
New Smart Radar Begins Issuing Fines to Solo Drivers in Carpool Lanes, Uses Cameras to Count Occupants, Changing Traffic Enforcement Rules on Busy European Roads
-
Why can the crane operator only obey the correct signalman on the construction site: among dozens of workers, a hand raised by the wrong person can confuse the maneuver and turn a load of tons into an immediate risk.
-
What changes with the new public transportation rules that can reduce pressure on fares and pave the way for zero fare in Brazil?
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).
