Mexican Media Brands
Ford Doubles Spending on Electrification to $11 Billion
Ford Motor Co. says it will spend $11 billion on electrified vehicles—more than twice the spending it announced in late 2015—over the next five years.
#hybrid
Share
Ford Motor Co. says it will spend $11 billion on electrified vehicles—more than twice the spending it announced in late 2015—over the next five years.
“We’re all in,” declares Chairman Bill Ford to reporters at the Detroit auto show. The new plan calls for rolling out 16 all-electric and 24 hybrids or plug-in hybrids worldwide, beginning in 2020.
Two years ago the company said it would spend $4.5 billion on 13 electrified vehicles over five years. The new plan triples the number of such models, several of which will be electrified variants of the company’s “most iconic” models, the chairman says.
RELATED CONTENT
-
UPS to Test Electric Delivery Truck
United Parcel Services of America Inc. is partnering with Los Angeles startup Thor Trucks Inc. to test a fully electric Class 6 delivery truck.
-
Frito-Lay, Transportation and the Environment
Addressing greenhouse gas reduction in the snack food supply chain
-
On Ford Maverick, Toyota Tundra Hybrid, and GM's Factory Footprint
GM is transforming its approach to the auto market—and its factories. Ford builds a small truck for the urban market. Toyota builds a full-size pickup and uses a hybrid instead of a diesel. And Faurecia thinks that hydrogen is where the industry is going.