Ford hires Audi's Sander for Ford Europe and passenger vehicles line
Martin spent a successful 25 years career at Volkswagen Group, and his last job was as the senior vice-president of Sales in Europe for Audi.
avatar
Precious Njoku is a Medical graduate from the Australian National University with extensive knowledge in the health and pharmaceutical industry.
2022-01-11 10:34

Ford of Europe announced on Monday, that it had appointed the former Audi UK Managing Director, Martin Sander, to lead its German operations. He will also be the new General Manager, Passenger Vehicles, for Europe. Ford is preparing for a new era of sales in electric vehicles (EV), and Sander is part of that move.
While making the announcement, the carmaker said that it was taking a significant step that would radically transform its European business. Also, it is creating an entirely new product line for electric vehicles and mobility services in 2022. Sander's new position will combine two posts pivotal to the car maker's new direction. He is expected to drive the shift.

As chair of the management board of its European business, Ford-Werke GmBH, come June 1 this year, Sander has his work already cut out. But, first, he must redefine what owning a Ford and driving one of its vehicles means.

Martin Sander has spent a lot of years in Europe. He was born in Germany and lives in Ingolstadt. He spent a successful 25 years career at Volkswagen Group, and his last job was as the senior vice-president of Sales in Europe for Audi. In addition, he has held various leadership positions in North America, the UK, and Europe.

Sander will be taking over from Roelant de Waard and Gunnar Herrmann, two of his predecessors who retired voluntarily from Ford at the end of last year. He will be reporting directly to Stuart Rowley, the Ford of Europe President.

Speaking of Sanders, Rowley said, "he has a wealth of global experience and is a highly experienced leader." Together, they will transform the passenger vehicle business in Europe to provide customers with novel connected experiences. "Sander's drive, leadership, and new thinking will contribute to speeding up the transformation."

Sander took to LinkedIn to make statements about the new role. He said he "looks forward to being taken out of his comfort zone."

"As I learned more about the new opportunity, what took over me was the excitement of doing something new. I realized there was so much to learn that is out of my comfort zone that I will not want to miss out on this opportunity," he wrote.

In his new role, Sander will be based in Cologne. The city is the home of Ford's Cologne Electrification Centre. The first of Ford's all-electric passenger vehicles will roll out of this center next year.

Ford also announced that Sander's team would be accelerating the delivery of its connected EVs. It would also lead all initiatives aiming to collectively create superior digital customer experiences in Europe for passenger vehicles coming from Ford's European production lines.

Meanwhile, Ford is losing its position in Europe. Data released last week by the Society of Motor Manufacturers and Traders (SMMT) for 2021 showed that Ford has slipped to fourth place in the bestseller rankings and is now behind Volkswagen, Audi, and BMW. In addition, the Fiesta Hatchback, its former UK bestseller, was not among the top ten bestselling cars for 2021. This was a huge shift for the brand. However, it envisions a bigger shift in the future.

In 2020, Ford announced that all its vehicles in Europe will be electric cars by 2030 and that by 2026 all Ford cars sold in the continent are expected to be zero-emissions capable. But, of course, the future will tell if it can achieve that tall order.


Disclaimer: I have no positions in any of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I have no business relationship with any company whose stock is mentioned in this article. All information should be independently verified and should not be relied upon for purposes of transacting securities or other investments. See terms for more info.

Published On
2022-01-11 10:34

avatar
About the Author
Precious Njoku is a Medical graduate from the Australian National University with extensive knowledge in the health and pharmaceutical industry.

F
$25.19
$0.17 0.68%
Perf. YTD 21.96%
52W high -2.63%
52W low 153.93%
PE Ratio 35.17
MKT Cap 98.88B

Analyst Ratings
Target Price $15.36
# of Analysts 20
Last updated 2021-11-23


Nio Smashes Delivery Records and is Poised to Rebound
Nio reported its December, fourth quarter, and full-year delivery figures over the weekend, and suffice to say, Wall Street was impressed.
By Mike Sakuraba | 1 week ago

Tilray; capturing the cannabis market with another acquisition
With the acquisition of Breckenridge Distillery, Tilray is undergoing a horizontal expansion to increase its offering in the beverage alcohol sector.
By Precious Njoku | 2 weeks ago

Why You Should Buy the Tesla Shares that Elon Sold
As much as analysts say that Tesla’s stock is inflated and that the EV market is catching up to the company, we cannot deny that the stock is resilient.
By Mike Sakuraba | 2 weeks ago

Why Tesla Rebounded but Lucid, RIvian, and Nio did not
Now that Musk is finished for this year, investors seemed to take that as a bullish sign.
By Mike Sakuraba | 3 weeks ago

Why I Was Wrong About AliBaba
AliBaba’s business and stock are heading in opposite directions, but one day soon we will find a capitulation.
By Mike Sakuraba | 3 weeks ago

Why Nio is in Freefall: Is it time to sell Nio?
Nio investors are no doubt feeling some deja vu after the stock tumbled into the low single digits in the winter of 2019.
By Mike Sakuraba | 4 weeks ago

Breaking into the Cannabis industry with strength
The company recently announced annual revenue of $2.9 billion, with an adjusted earning per share of $12.46.
By Precious Njoku | 4 weeks ago