“In Europe, our all-new EV manufacturing center in Cologne will finish complete -- will be complete in turning out vehicles midway through next year.”

In context

“lineup of not first, but second cycle EVs that are not only fully software updatable and constantly improving, but they will generate an 8% plus margin, an amazing array of software-enabled services, not just BlueCruise L3, but many others, video services for software -- for safety and security, and we’re already shipping a broad range of Ford Pro productivity tools and 100% uptime services for our commercial customers. That is a transformation for us. Let me now switch to the quarter. With Ford Model e, we’re on track to reach our annual production rate of 600,000 EVs by the end of next year and 2 million by 2026. I’ll say that carefully. There is no change to our target. We’re adding shifts to the Mustang Mach-E and F-150 Lightings as we speak, and we’re scaling production of E-Transit. In Europe, our all-new EV manufacturing center in Cologne will finish complete -- will be complete in turning out vehicles midway through next year. Our Ford Otosan JV in Turkey is not only scaling the 2-ton E-Transit, but they’re also going to be launching a brand-new product, a 1-ton E-Transit custom electric while breaking ground on a new battery plant that will supply those for those transits. And in September, we’re starting production -- we’ve already started construction of Blue Oval City in Tennessee, where we will build a new generation EV truck and batteries. And at the same time, we’ve already broken ground as well on the new BlueOval SK battery plants, plural, in Kentucky. We’re also further strengthening Model e’s EV supply chain. Our team is making great progress in securing raw materials, importantly the processing of those raw materials and the battery capacity that we need. We expect the U.S. Inflation Reduction Act t”