Transportation

Ford Teams Up With Renault on Producing Budget EVs in Europe

Ford Motor Co. is turning to Renault SA to make affordable electric cars in Europe as both manufacturers come under rising pressure from Chinese manufacturers expanding in the region.

Renault will help develop and produce two Ford-branded models in northern France, with the first vehicle expected to reach showrooms in early 2028, the companies said Tuesday. They also agreed to explore jointly making vans.