By Ilaria Grasso Macola
Ford has signed an agreement with Tata Steel’s Dutch arm and two other manufacturers for the supply of “green” steel from 2030.
The car maker has in fact signed memorandums of understanding also with ThyssenKrupp and a German steel maker to provide low-carbon steel – which is made without the use of fossil fuels.
Ford is in fact targeting to reach net-zero at its European facilities, logistics and suppliers by 2035.
“Improvements within our supply chain are key, and with the use of carbon neutral steel we will take a major step towards lowering the CO2 footprint of our vehicles,” Sue Slaughter, Ford in Europe’s purchasing director.
The “green” steel will in fact be used to produce Ford’s all-electric crossover vehicle from 2023.
Ford has in fact boosted its electric vehicle (EV) spending, announcing in March it would increase its EV budget through 2026 to $50bn – up from the previous $30bn.
It also said it would run its EV unit separately from the traditional combustion engine side of the business.
Sources told the Sunday Times’ Driving that the company would scrap its bestelling model, the Fiesta, as it focuses on electrification.
City A.M. has approached Ford for comment.
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