Ford Motor said on Thursday it expects to discontinue production of its Mondeo sedan in Europe in early 2022, as the U.S. automaker moves its focus to electric and sport utility vehicles.
The company also confirmed all its passenger vehicles in Europe will be wholly electric or plug-in hybrids by mid-2026 and all-electric by 2030.
The move comes as the automaker is investing heavily in developing connected electric vehicles, with strategies to spend $22 billion in electrification through 2025.
Ford also said it will construct its 2.5-liter duratec hybrid engine, which powers its Kuga plug-in hybrid and other models, at its Valencia engine plant located in Spain from 2022.
The hybrid engine is constructed at Ford’s Chihuahua engine plant in Mexico for now.