New York — Ford will drastically overhaul its business in Europe, where it did not sell a single fully electric vehicle (EV) in 2020, vowing to go almost entirely electric by the end of the decade.

One of the first steps in the transformation announced on  Wednesday will be to plough $1bn into a German assembly plant that will start making an all-electric model in two years. By mid-2026, all passenger cars Ford sells will be plug-in hybrids or fully electric...

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