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EVs are a rare bright spot in a pandemic-struck European car market
Despite Europe being hit hardest by declining car sales, battery electric vehicles and plug-in hybrid cars increased their market share across the EU.
Ford is investing $850 million to build EVs in Michigan
To boost its electric vehicle (EV) production, Ford is investing $850 million in its Flat Rock, Michigan, assembly plant. It hopes to make the plant the home of its EV production. To do so, the company will also hire 900 employees incrementally through 2023. This investment is part of Ford's $11.1 billion commitment to electric vehicles, and it includes funding to build Ford's next-generation Mustang in Michigan.
