Ford Goes After Tesla And The Plug
Ford Plans a Tesla-Fighting Electric Car: What We Know; The automaker's CEO Mark Fields made headlines last week when he said that Ford is working on a "competitive" battery-electric car. But Ford has been dropping hints about its upcoming electric ride for months. Here's what we know.
John Rosevear, May 2, 2016 (The Motley Fool)
“During last week's first-quarter earnings call, Ford Motor Company CEO Mark Fields let slip a surprise: The company is working on an electric car with at least 200 miles of range that will be competitive with the longer-range battery-electrics coming soon from General Motors and Tesla Motors…[A Ford executive told The Wall Street Journal] that Ford would have a more direct competitor for the Bolt and Tesla's upcoming Model 3 by 2020…[Other reports say Ford’s Model E] will come in hybrid and pure battery-electric versions, and that it will be built in a new factory in Mexico starting in 2019…While Fields' remarks last week didn't really add to what (little) we know, they emphasize that Ford has made a significant shift in its EV efforts…The Ford Focus Electric gets solid reviews, but it sells in very tiny numbers…[Its plug-in hybrids have been solid contenders but] it seemed like Ford was content to hang back…That attitude seemed to change in a big way late last year…” click here for more