Ford plans to invest 11 billion Dollars in development of electric cars

Ford plans to invest 11 billion Dollars in development of electric cars

"We have a lot of new products coming in the next two years", he said, including 25 new-vehicle launches and a refresh of more than one-third of the Ford portfolio before the end of the decade.

Sixteen of the 40 vehicles Ford plans to make will be fully electrified, while the remaining number will be plug-in hybrids, executives said.

Ford's new CEO, Jim Hackett, has been working on a new electrification plan since being appointed a year ago. For as little as $3, you can help us. The vehicle manufacturer has announced that it's significantly increasing its planned investment into electric cars.

After electric-vehicle darling Tesla Inc. surpassed Ford in market value previous year, the second-largest USA automaker replaced then-Chief Executive Officer Mark Fields.

On Monday, Ford said it would invest $11 billion in electric vehicles over the next four years, well up from earlier plans to plow $4.5 billion into the vehicles by 2020.

Self-exiled Catalonia leader calls for new talks with Spain
The anti-independence Citizens party won the highest number of seats, 37, becoming the biggest party in the new assembly. Among the accused, two pro-independence politicians are in Spanish prisons, and six are being monitored while on bail.

Despite Joe Castiglione, still scant Big 12 influence on football committee
Stricklin replaces former Arkansas AD Jeff Long as the SEC's representative on the committee. Lott played at USC and enjoyed a 14-year National Football League career.

Kendrick Lamar, Sam Smith, U2 Added to Grammy Performers Lineup
Lamar's DAMN ., which is up for album of the year at the January 28 Grammy Awards , was the Top Billboard 200 Album of 2017 . Also unveiled on Wednesday is a collaborative performance by pop star Miley Cyrus and superstar piano-rocker Elton John .

Ford's additional investments in electric vehicles contrasted with numerous vehicle launches at the Detroit show which featured trucks and SUVs. Presumably, that means fossil-fuel cars will be dead soon. Ford says it will spend RM44 billion to create hybrid and electric versions of its cars. Last May, it replaced chief executive officer Mark Fields with Jim Hackett, who was previously in charge of its self-driving vehicle subsidiary Ford Smart Mobility.

"The big question is how quickly consumers will adapt, as electric is only 1% of the market right now".

On a broader scale, Ford tips that it's shifting its focus to producing high margin vehicles, instead of scrapping to be a volume leader as is in its DNA.

Much more exciting, though, is the promise of Ford using electrification for speed.

Stephanie Brinley, an automotive analyst working at IHS Markit has said when asked about the future of electric vehicles: "Part of it is about tougher regulation but also the expectation that electric vehicles will support autonomous driving". The move has become inevitable due to the declining costs of batteries and the efforts of regulators to crack down on the internal combustion engine and eventually phase out gasoline and diesel engines.

Related News:

  • Tom Brady limited with right hand injury, misses press conference

    While his participation is limited, it does not necessarily mean he will miss Sunday's AFC Championship game at Gillette. Wide receiver Malcolm Mitchell and cornerback Jonathan Jones were absent during Wednesday's practice.
    Man Accused Of Murdering Two Deputies: 'I Killed F-- Cops'

    Man Accused Of Murdering Two Deputies: 'I Killed F-- Cops'

    A judge ordered the jury out of the room, during an outburst by the defendant as he admitted to murdering the peace officers. He grinned during part of Norgaard's statement and laughed when Norgaard said Bracamontes cared only about his dogs.

    Snow falls across the area as temperatures drop

    An Arctic wave of wintry weather is expected to spread snow across the width of North Carolina, from the mountains to the coast. Skies should be clear but frigid Wednesday, making driving hazardous until temperatures rise above freezing Thursday.
  • Less than half of Americans support Trump's Jerusalem decision, poll finds

    Less than half of Americans support Trump's Jerusalem decision, poll finds

    Jordan's monarchy is custodian of Jerusalem's holy shrines, making Amman sensitive to any changes of status of the disputed city. And Israeli Prime Minister Benjamin Netanyahu said afterward that he utterly rejects the "preposterous" resolution.
    Tide Pod challenge drives stores to lock the detergent up

    Tide Pod challenge drives stores to lock the detergent up

    New England Patriots tight end and Western New York native Rob Gronkowski has just one message for kids these days: "NO NO NO". Consumer Product Safety Commission (CPSC), 10 people have actually died from eating them.

    White House doctor: Trump "has absolutely no cognitive or mental issues"

    The host then put on a spoof of the White House press briefing to declare "President Trump's hair has taken over his brain". The filmmaker also posted side-by-side photos of the professional baseball player Albert Pujols and the U.S. president.
  • South Africa -Zimbabwe Test is over within two days

    South Africa -Zimbabwe Test is over within two days

    Normally a Test match involving South Africa and Zimbabwe will not generate much anticipation in the cricketing world. Following on 314 runs in arrears, Zimbabwe were gasping for breath at 3/25 when Flower walked out again.
    McConnell: Lawmakers shouldn't push for DACA deal this week

    McConnell: Lawmakers shouldn't push for DACA deal this week

    Congress has until then to pass legislation to protect the roughly 700,000 Dreamers from deportation and give them work permits. House GOP leaders are cautiously optimistic they can muster the votes for their short-term funding bill released Tuesday night.

    Ex-US diplomat calls for designating Pakistan as 'state sponsor of terrorism'

    On the economy, Ghani said Afghanistan is a "wealthy country" but "we still raise our hands for help from other countries". Pakistan has always been accused of supporting the Taliban and various militant groups in Afghanistan - charges it denies.
  • Fox Acquires Cold Iron Studios, Working on a New Alien Shooter

    Fox Acquires Cold Iron Studios, Working on a New Alien Shooter

    The franchise has a lot of success to live up to given the critical acclaim of the last game in the franchise, Alien: Isolation . The mobile free-to-play title is a squad-based role-playing game featuring the heroes and villains of the Marvel universe.
    More actors expressing regret about working with Woody Allen

    More actors expressing regret about working with Woody Allen

    Dylan Farrow , Allen's adopted daughter, accused the director of sexually abusing her in the early 1990s while she was a child. Chalamet explained how his process of choosing roles has changed over the past year.
    Mother of baby boy allegedly abandoned likely won't face charges, police say

    Mother of baby boy allegedly abandoned likely won't face charges, police say

    The person told police they heard the baby crying and wrapped it in a white hoodie and ran home with the child before calling 911. Police at the scene where it was reported that an abandoned baby had been found at North Park Mall plaza, at 1339 Lawrence Ave.


Most liked

Bitcoins Slide To A Month-Low. Five Things To Know
Mati Greenspan, senior market analyst for eToro, said low trading in Korea and Japan may have contributed to the price movement. On seeing this, the crypto coins investors have made a decision to sell the coins and there comes fall in the crypto market.

Winter storm warning issued for parts of the Midlands
Greenville County Schools may wait until Wednesday morning to announce any school closings or delays due to the weather. Heading into the evening, temperatures will remain below freezing, with snowfall slowing down as it approaches dark.

Lindsey Graham hits White House, says immigration fight a 's-show'
The doctor also said Trump showed " excellent cardiac results ... from a stress test" performed on the president last week. After all, one's genes can only do so much. "And I think he wasn't the least bit concerned that he had anything to hide".

Amber Rose Is Undergoing Breast Reduction Surgery
As she shared on her Instagram Stories , Rose is getting breast reduction surgery for her "stupid heavy" boobs. Her Slut Walk aims to empower women from the inside out and combat gender inequality as well as slut-shaming.

Russia-Based Kaspersky Lab Sues Trump Administration For Banning Its Software
The Russian President's spokesman Dmitry Peskov called the decision of the USA authorities against Kaspersky Lab politicized. District Court for the District of Columbia. "Therefore, it is in Kaspersky Lab's interest to defend itself in this matter".

John Calipari's half-court shot bad omen for Kentucky
SC is starting to get hot - The Gamecocks have won two of their last three games - but so are the Wildcats. After starting the game 7 of 9 from the field, SC missed 18 of its final 21 shots of the opening half.

Comprehensive Stock Analysis Of Schlumberger Limited (SLB)
Staying on top of longer-term price action may help provide investors with a wider range of reference when doing stock analysis. There has been an observed change of 0.53% in the ownership of the shares in the past six months. (NYSE:LOW) for 3,410 shares.

Two Koreas in talks on Winter Olympics athletes
North Korea has made it clear that it doesn't want to discuss its nuclear program during the ongoing meetings with South Korea. The sides have yet to decide who will represent Kim at the Games to be held in the ski resort of Pyeongchang from February 9.

Jimmy Fallon, Stephen Colbert ridicule President Trump, his 'Fake News Awards'
The free press is the despot's enemy, which makes the free press the guardian of democracy. President, stop attacking the press ".

Apple Leak Reveals Changes in iPhone X Design
Apple is still years away from embedding all the sensors under the display panel and offering a notch-less all-screen iPhone. The screen reaches just as far at the top of the phone as well, but only on the sides.

$575000 per episode of 'Grey's Anatomy'? Ellen Pompeo knows she's worth it
She's growing up in an environment where she's completely comfortable with power. "Now I hope that changes ... and soon". Rhimes recently signed a nine-figure deal with Netflix and has left " Grey's " to pursue other projects.

NEW Bank of Canada Raises Interest Rate to 1.25%
The bank also highlighted "promising signs" in capital investment, company formation, and more workers joining the labour force. The promise by Trump to have the policy amended together with his patriot vow which would cost export and Canadian investment.

(MRK) Price Target Raised to $72.00
UBS maintained it with "Buy" rating and $67 target in Monday, October 30 report. (NYSE:VG) rating on Thursday, November 9. Dougherty & Company maintained Vonage Holdings Corp. (NYSE:T) has "Buy" rating given on Monday, March 14 by Citigroup.

Investor's Alert (Volume Pattern in Focus): Kimberly-Clark Corporation (NYSE: KMB)
The insider HUANG JEN HSUN sold 110,000 shares worth $18.27 million. 63,388 shares were sold by AHRENDTS ANGELA J, worth $9.78M. Finally, Howard Capital Management increased its stake in shares of Kimberly-Clark Corporation by 0.7% in the third quarter.

Climate breakdown: Environmental threats once again top global risk survey
Aside from the environment, there are many other risks that business bosses and political leaders are anxious about. Together we have the resources and the new scientific and technological knowledge to prevent this.