Ford Mach 1 Returns - As An Electric Performance SUV

Steve Phelps
January 16, 2018

At the Detroit auto show on Sunday, Ford Chairman Bill Ford said the company also plans to offer at least 40 hybrid and all-electric vehicles to consumers in the same year.

The new investment figure is much higher than the previous $4.5 billion the company said they would invest by 2020.

The American vehicle giant said the increased spending will lead to 16 fully electric and 24 hybrid and plug-in hybrid models. Ford plans to invest up to 11 billion Dollars in the development of electric cars.

Ford has committed to investing $11 billion (£8bn) in electric vehicles (EVs) by 2022.

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Ford's first all-electric vehicle will be a Mustang-inspired performance SUV, Auto Express can reveal.

Daimler CEO Dieter Zetsche hinted to Former California Gov. Arnold Schwarzenegger during an exchange on stage next to the G-class that Daimler would someday have an electric version of the vehicle.

As far as the hybrid F-150 is concerned, we know that it will be built alongside the regular pickup at Ford's Dearborn, Michigan facility, but Ford said today in Detroit that it's still "too early" to give out any concrete details. Company bosses said the brand wants to "electrify iconic Ford nameplates". "What that means is that when you come out with a new product it better be ahead of anything that's on the market", he added. Last May, it replaced chief executive officer Mark Fields with Jim Hackett, who was previously in charge of its self-driving vehicle subsidiary Ford Smart Mobility. One aim of Ford's "Team Edison" is to identify and develop electric-vehicle partnerships with other companies, including suppliers, in some markets, according to Sherif Marakby, vice president of autonomous vehicles and electrification.

Ford is getting prepared for tougher pollution standards in countries all around the world, as China, UK, France, and Germany have already planned, or are planning, to ban the sale of conventional combustion engine vehicles.

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