Ford 300-mile all-electric SUV may be named Mach 1; due 2020

16 January, 2018, 00:50 | Author: Sam Montgomery
  • Ford introduces the new 2019 Mustang Bullitt at the North American international auto show in Detroit. Carlos Osorio  AP

"The only question is will the customers be there with us and we think they will". No. 2 US 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.

At the same time as announcing the Mach1, Ford also confirmed it had doubled its investment in electric vehicles to $11 billion (approx £8 billion) up to 2022.

Also, it appears the electric crossover may not carry not the "Model E" name, thought to be the working label for a future lineup of compact hybrid, plug-in hybrid, and battery-electric vehicles.

Volkswagen said in November that it plans to spend $40 billion on electric cars, autonomous driving by the end of 2022.

The new Ford Mustang Bullitt may have been a surprise, but it was the second announcement at Ford's Detroit Auto Show keynote speech that left most of us... On Sunday evening, Daimler AG unveiled its new G-class SUV, a bulky off roader, in an abandoned movie theater in downtown Detroit once used as a set for the movie "8 Mile".

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In October, Ford CEO Jim Hackett outlined the firm's shift in focus to mobility, connectivity, and retooling manufacturing, much of which revolves around smart vehicles.

The new hybrid range will be part of Ford's global electrification strategy, which will see "13 new global electrified vehicles" come ton market in the next five years.

"We're starting to telegraph where we're going to play in the electrified business around the world", he said.

That team is said to enjoy greater autonomy than you'd normally find within Ford in order to accelerate the development of the automaker's electric cars.

Some of the electric vehicles will be produced with Ford's JV in China aimed at the Chinese market. One avenue under consideration was the sale of Ford cars on Tmall.

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