Ford betting on autonomous and electrified vehicles.
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Originally Posted by Ford
Strong investments in Autonomous and Electrified Vehicles: Ford’s fitness actions are freeing up capital to invest in emerging businesses. Ford expects to invest $4 billion in its AV efforts through 2023, including its $1 billion investment in Argo AI. In addition, Ford is investing $11 billion in electrification from 2015 to 2022 to deliver a total of 40 vehicles globally. The company remains on track to deliver a full battery electric performance SUV that offers at least a 300-mile range in 2020.
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https://media.ford.com/content/fordm...formation.html
At same time Ford is planning on a 300-mile battery SUV, auto industry is announcing various plant closings including that of GM Volt. Perhaps as batteries become more affordable, plug-in hybrids that rely on expensive mechanical drivetrains may give way to primarily electric drivetrains with ICE range extenders; at least until 100% electric vehicles replace them.
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