Ford Revives Mach 1 Nameplate In The Form Of A Performance Hybrid

Ford Revives Mach 1 Nameplate In The Form Of A Performance Hybrid

Ford said it will invest $11 billion to create 40 new electric and hybrid vehicles that will be available by 2022.

"We want to show that the company is electrifying all iconic vehicles", said Jim Farley, president of global markets for Ford.

Speaking at the Detroit motor show, Ford has joined a growing number of vehicle manufacturers who have determined to reduce their carbon footprint.

Ford had previously said that it wanted to invest $4.5 billion into its electric vehicle ambitions by 2020.

Ford added that of the 40 electric vehicles, 16 models will be all-electric.

In the United States, General Motors Co has outlined plans to introduce 20 new battery and fuel cell electric vehicles by 2023, a lot of them built on a new dedicated, modular platform that will be introduced in 2021.




"Tesla faces real competition", said Mike Jackson, chief executive of AutoNation Inc, the largest US auto retailing chain. We already know that the confirmed hybrid Mustang will come with "V8 power and even more low-end torque", so here's hoping the Mach 1 will feature some of the same. The big question is how quickly consumers will adapt, as electric is only 1% of the market right now.

"We certainly see more automakers investing in electrification".

The auto manufacturer has announced that it's significantly increasing its planned investment into electric cars.

The name is significant not just because it invokes the speed of sound - the Mach 1 name was used on high performance Mustang sports cars starting in the 1960s.

For now, Nissan Motor Co Ltd's 7-year-old Leaf remains the world's top-selling electric vehicle and the company's sole battery-only auto - an offering soon to be swamped by new rivals bringing tougher competition that could add pressure to pricing.

The US firm also unveiled a more fuel-efficient version of its Ranger pick-up truck, the Ranger 2019.

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