Ford to unveil 40 hybrid, electric vehicles by 2022
US auto giant Ford will massively increase investments in electric vehicles and roll out 40 hybrid and electric models by 2022, Executive Chairman Bill Ford said
US auto giant Ford will massively increase investments in electric vehicles and roll out 40 hybrid and electric models by 2022, Executive Chairman Bill Ford said. The Detroit-based company previously said that it would invest $4.5 billion in electric products by 2020, and on Sunday it said that this number would rise to $11 billion.
"The 11 billion you're seeing means we're all-in now," Xinhua quoted Ford as saying. He added that the only question is whether the customers will be there with them.
Ford believed that the answer would be positive.
According to Ford executives, the company plans to add 16 electric and 24 hybrid vehicles to its global line-up by 2022. At the 2018 North American International Auto Show here, Ford also announced that by 2020 it would build a hybrid F-150 pickup, its bestselling vehicle. "We want to show that the company is electrifying all iconic vehicles," said Jim Farley, President Global Markets for Ford.
Catch up on all the latest Mumbai, National and International news here
The content/reporting displayed on our website www.mid-day.com is provided "AS-IS," "AS AVAILABLE, by us from third party, agencies, sources, without any verification from our side. It may contain error, bugs and other limitations. The reader's can rely on the content at their own will. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability, data, text, images, video, messages, or any other material whatsoever or for any claims/loss/action that the reader may suffer as a result of relying on the content on our site. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever.
DISCLAIMER: mid-day and its affiliates shall have no liability for any views, thoughts and comments expressed on this article.
Dogs starve to death after NGO staff go on Diwali leave