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

Celebrating the 50th anniversary of iconic movie “Bullitt” and its fan-favorite San Francisco car chase Ford introduces the new cool and powerful 2019 Mustang Bullitt

US auto giant Ford will massively increase investments in electric vehicles and roll out 40 hybrid and electric vehicles by 2022, executive chairman Bill Ford said Sunday at the 2018 North American International Auto Show here. The new investment figure is much higher than the previous $4.5 billion the company said they would invest by 2020. At present Ford is spending $5 billion over the five years to 2020, having increased it by $500 million last October. The rumours have a different opinion as they don't think that teaser is referring to the "MuSTang".

Jim Farley, executive vice president and president of Ford global markets, said the issue of electrification is about social responsibility and defining what's possible.

Not only are Ford officials trying to develop strategies for introducing electrification vehicles in North America, but they're working to harness the largest and most rapidly growing auto market in the world - China.

Suspect In Fatal Hoax Call Charged With Involuntary Manslaughter
Someone made a similar shooting-and-hostage-taking report at Finch's address and officers surrounded the home. But Siegenthaler said victims are often random and pranksters have even been known to target movie stars.

"This $11 billion you're seeing, that means we're all in now", said Bill Ford on Sunday. No. 2 USA automaker then said that they would shift capital investment away from sedans and internal combustion engines to develop more trucks and electric and hybrid cars. "We want to make a statement about the company".

Raj Nair, head of Ford's North American operations, said the auto company expects fuel economy and pollution standards to get more strict, "and rightfully so", he said. Ford was planning to sign such a deal as it overhauls its China strategy to stimulate growth.

Since then, however, Ford has becoming increasingly focused on electric and smart vehicles.

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