Friday, December 11, 2015

Ford to Invest $4.5 Billion in Hybrid & Electric Vehicles to Bring to Market by 2020 (and compete with Uber)

Ford Motor Co will develop 13 new hybrid and electric vehicles by 2020, announcing on Thursday plans to invest $4.5 billion in the programme that aims to make 40% of the company’s fleet electric or hybrid, up form 13% today.

Chief Executive Officer Mark Fields also said the company will attempt to compete in the ride hailing industry, with the likes of Uber.

Where's the self driving capability, Mr Fields?

No comments: