Ford Motors to boost investment in electric and hybrid cars

Jim Farley president of Global Markets Ford Motor Company speaks at CES in Las Vegas

Jim Farley president of Global Markets Ford Motor Company speaks at CES in Las Vegas Nevada

The rumours have a different opinion as they don't think that teaser is referring to the "MuSTang".

It plans to begin production of a hybrid version of its F-150 truck at a plant in Dearborn, Michigan, in 2020. This happened when shares of Tesla overtook Ford as the second largest auto company in the US after General Motors. The company identifies only one model by name that will come out in 2020 and is called Mach 1.

Jim Farley, executive vice president and president of Ford global markets, said the issue of electrification is about social responsibility and defining what's possible.

He said the firm would offer 16 fully electric vehicles by 2022 and 24 plug-in hybrids. The 2019 Ford Edge.

"We're going to electrify even our most iconic vehicles", he said at Cobo Center.

Ford's additional investment in electric cars contrasted with numerous vehicle launches at the Detroit show featuring trucks and SUVs.

The Detroit-based company previously said that it would invest 4.5 billion USA dollars in electric products by 2020, and on Sunday it said that this number would rise to 11 billion dollars. GM, Toyota, the VW Group, and Daimler have all launched initiatives to meet consumer demand for electric vehicles.

Now the American automaker wants to accelerate its electric vehicle effort with several more vehicles in their lineup over the next 4 years.

"Part of it is about tougher regulation but also the expectation that electric vehicles will support autonomous driving. Changing that will take better infrastructure on our roads, but also having more electric vehicles available", said Brinley.

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