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
-
On Military Trucks, Euro Car Sales, Mazda Drops and More
Did you know Mack is making military dump trucks from commercial vehicles or that Ford tied with Daimler in Euro vehicle sales or the Mazda6 is soon to be a thing of the past or Alexa can be more readily integrated or about Honda’s new EV strategy? All that and more are found here.
-
Tesla Owners in Germany Ordered to Return Subsidy
Germany has ordered about 800 Tesla Model S electric cars owners to pay back a €4,000 ($4,700) government subsidy they received.
-
About the 2020 Lincoln Aviator
Successful vehicles tend to be those that are available on a global basis, and increasingly, those vehicles tend to be in the SUV segment writ large.