Ford to Invest $4.5 Billion in Electrified Vehicles by 2020
- Automaker plans to add 13 electric, plug-in models in 5 years
- Such vehicles to rise to 40% of lineup from 13% now, CEO says
Ford Motor Co. C-Max hybrid cars reach the end of the production line at the company's Michigan Assembly Plant in Wayne, Michigan.
Photographer: Jeff Kowalsky/BloombergThis article is for subscribers only.
Ford Motor Co. said it’s investing $4.5 billion in electrified vehicles, responding to regulatory pressure with a bet on technologies that have struggled to attract buyers in the U.S. as fuel prices stay low.
The automaker will add 13 electric cars and hybrids by 2020, rising to 40 percent of its lineup from 13 percent now, Chief Executive Officer Mark Fields said Thursday at a press conference in Dearborn, Michigan. The plans include a new Focus Electric car with fast-charge capability, Ford said.