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Ford announced it will invest $11 billion in 16 EV's and 24 hybrids. Ford Chief Executive Jim Hackett told investors last October the automaker would slash $14 billion in costs over the next five years and shift capital investment away from sedans and internal combustion engines to develop more trucks and electric and hybrid cars.
Ford’s president of global markets, Jim Farley, said Ford would bring a high-performance electric utility vehicle to market by 2020 as well as a hybrid version of the F-150 truck in 2020.
Some of the electric vehicles will be produced with Ford’s JV in China aimed at the Chinese market.
https://www.reuters.com/article/us-...nt-40-electric-vehicles-by-2022-idUSKBN1F30YZ
Looks like Ford doesn't want GM and others to get too far ahead. Of course, this likely means there will be a hybrid Silverado launched at the same time (or earlier?) to match Ford's effort.
Ford’s president of global markets, Jim Farley, said Ford would bring a high-performance electric utility vehicle to market by 2020 as well as a hybrid version of the F-150 truck in 2020.
Some of the electric vehicles will be produced with Ford’s JV in China aimed at the Chinese market.
https://www.reuters.com/article/us-...nt-40-electric-vehicles-by-2022-idUSKBN1F30YZ
Looks like Ford doesn't want GM and others to get too far ahead. Of course, this likely means there will be a hybrid Silverado launched at the same time (or earlier?) to match Ford's effort.