You are here: Home » Companies » News » Automobile
Business Standard

Ford to unveil 40 hybrid, electric vehicles by 2022; to invest $11 bn

We want to show that the company is electrifying all iconic vehicles: Ford

IANS  |  New York 

The logo of Ford is seen during the 87th International Motor Show at Palexpo in Geneva, Switzerland File photo:REUTERS
The logo of Ford. File photo: Reuters

US auto giant will massively increase investments in and roll out 40 hybrid and electric models by 2022, Executive Chairman Bill said.

The Detroit-based company previously said that it would invest $4.5 billion in electric products by 2020, and on Sunday it said that this number would rise to $11 billion.

"The 11 billion you're seeing means we're all-in now," Xinhua quoted as saying. He added that the only question is whether the customers will be there with them.

Ford believed that the answer would be positive.

According to Ford executives, the company plans to add 16 electric and 24 to its global line-up by 2022.

At the 2018 North American International here, Ford also announced that by 2020 it would build a hybrid F-150 pickup, its bestselling vehicle.

"We want to show that the company is electrifying all iconic vehicles," said Jim Farley, President Global Markets for Ford.

First Published: Mon, January 15 2018. 16:16 IST