[–] derram 0 points 1 point 1 point (+1|-0) ago
Ford Goes ‘All In’ on Electric Cars - Bloomberg
'Of the 40 electrified models planned, 16 will be battery-only vehicles. '
'Ford Motor Co. will more than double spending on electrified vehicles, amplifying its investment in a segment that the auto industry sees growing from what’s now just a fraction of the market. '
'The carmaker will shell out $11 billion bringing 40 electrified vehicles to market by 2022, Jim Farley, president of global markets, said during a presentation at the Detroit auto show. '
'His replacement Jim Hackett has vowed to cut costs and drop some car models from the lineup to refocus the company’s future on sport utility vehicles, trucks and electrification. '
'With battery costs declining rapidly and regulators around the globe cracking down on the internal combustion engine, automakers have been rushing to step up their game with regards to all-electric models. '
[–] OtisT 1 point 0 points 1 point (+1|-1) ago
More and more manufacturers are doing this. If it keeps more money from flowing into Saudi Arabia I am all in.