Ford says it will spend $11 billion in electrification investment

AP via LA Times:  Ford plans to increase its investment in electrification to $11 billion by 2022, Executive Chairman Bill Ford Jr. said Sunday at the Detroit auto show.

The company previously announced it would spend $4.5 billion by 2020.

“We’re going to electrify even our most iconic vehicles,” he said at Cobo Center. “The only question is, will the customer be there with us?”

During the first big media event at the North American International Auto Show, Ford officials discussed a Ford F-150 hybrid and a Mach 1 fully electric “performance” vehicle for 2020. While the Mach 1 has been a featured muscle car in action films, the Ford team indicated a new Mach 1 could be released as an SUV.  Full Article:

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