Ford unblocks $ 11 billion for its electric range

On the sidelines of the current Detroit Auto Show, Bill Ford,   the president of the group of the same name, revealed that an envelope of 11 billion dollars will be attributed to the development of the VE.

Ford will substantially increase its investment in electric vehicles to $ 11 billion (about 9 billion euros) by 2022, and thus have a range of 40 electrified vehicles, 24 hybrids and 16 fully electric, Sunday announced its president Bill Ford.

The American manufacturer previously thought to invest 4.5 billion dollars by 2020, pointed out officials of the automaker. In 2016, latest annual figures known, the research and development branch of Ford spent $ 7.3 billion, against 6.7 billion in 2015.

(We are totally invested in this. We take our traditional vehicles, our most iconic vehicles and we make them electric, Bill Ford told the press at the Detroit Auto Show. If we want to succeed in the electric, we have to do it with vehicles that are already well known. )

Detroit Auto Show, Bill Ford

Detroit Auto Show, Bill Ford

(Reuters)

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