Tag Archives: European market

Will Ford vanish from the European market?

Ford finally realized that the discontinuation of models with internal combustion engines, on which the manufacturer built its image for many years, and a large investment of over two billion dollars in EVs was a failure. Now the American manufacturer is looking for the return of the ICE cars.

Gunnar Herrmann, Member of the Supervisory Board, believes that Ford’s survival depends on ICE cars and in a statement to the German press, he was more than clear that the current production at the factory where he is responsible is too small to justify two-shift operations. He also stated that he advised Ford managers in the United States that the focus in Europe should remain on ICE cars.

Why did Ford get into this situation? Well, the former head of the brand in Europe Martin Sanders, following the moves of other manufacturers, wanted Ford to take the best possible position in the EV market. However, his focus on Volkswagen, whose visionary chairman Herbert Diess realized that electric cars were the immediate future, was misguided. While the German company kept its strategy of selling ICE cars, Sanders hastened and discontinued the Fiesta and started preparations to do the same with the Focus in 2025. It was the wrong move.

While at Ford’s headquarters in the United States, they do not intend to reconsider this decision and save what they can, Ford is approaching total disappearance from the European market.

Source: Ford

2025 Mazda EZ-6 coming to European market

At the 2024 Beijing Auto Show, Mazda unveiled the electric successor to the Mazda 6, the Mazda EZ-6. It is an EV sedan that will be offered on the European market as a competitor to the BMW i4 and Tesla’s Model 3.

During the presentation, there was no word that the EZ-6 would be offered outside the Chinese market. However, Mazda recently entered into an agreement with Changan Mazda as the exclusive Chinese base for new energy research and development as well as production for the global market. This means that the EZ-6 will become Mazda’s first global new energy car. Also, there was a confirmation that the car will be sold in the Chinese and European markets from the fall of this year.

The Mazda EZ-6 is 4,921 mm long and has a wheelbase of 2,900 mm, making it a direct rival to models such as the Tesla Model 3, Polestar 2 and BMW i4, currently the most popular electric cars on the market. The EZ-6 is based on Changan’s modular EPA platform, which supports Level 4 autonomous driving. However, initially the EZ-6 will be limited to level 2 plus, which requires constant human supervision.

It was designed with a focus on the “jinba ittai” philosophy, which means that “the car and the driver are one.” It is equipped with a multilink suspension and a self-raising rear spoiler that ensures stability at high speeds, and has a weight distribution of 50:59. Inside, attention is drawn to the 14.6″ infotainment touchscreen, while the steering wheel features physical and haptic controls.

The car will be powered by a single electric motor with 221 hp (164 kW), and will have a range of 600 km. An extended-range version will also be available, with a range of around 1,200 km.

Source: Mazda

Ferrari expanded crypto payment to Europe

In October 2023, Ferrari announced that buyers in America will be able to pay for their cars in cryptocurrency. The reason was that the manufacturer reaches people who are not necessarily buyers of our brand, but who can afford a Ferrari. Now the service has been extended to Europe.

When the first cryptocurrency (Bitcoin) was created in 2009, few believed that it would survive. Today, there are hundreds of different cryptocurrencies on the market, and many still think they have no future. Many manufacturers still do not believe them, but Ferrari tried its luck in America and succeeded.

In the US, Ferrari has reached an agreement with a bitcoin payment service provider (BitPay) to process payments in cryptocurrencies such as Bitcoin, Ether and USDC. This system protects traders from price fluctuations by instantly converting digital currencies into traditional currency. Also, the advantage is that there are no fees or additional payments for clients.

It was not mentioned when this system will become possible in Europe, and according to statements from Maranello, most dealers have already adopted or are in the process of adopting the new system. Of course, Ferrari will not limit this payment option only to Europe and America, because soon customers in other markets will also be able to use it.

Source: Ferrari