Ford officially confirms today seven of its 13 new global electrified vehicles will arrive in the next five years, including the Mustang Hybrid, the F-150 Hybrid and the Transit Custom Plug-In Hybrid.
President and CEO Mark Fields at a press conference held at the Flat Rock Assembly Plant in Michigan announced that the automaker is investing $700 million and adding 700 direct new jobs to create a factory capable of producing high-tech electrified and autonomous vehicles – plus the iconic Ford Mustang and Lincoln Continental.
The most anticipated model of them all for sure will be the hybrid version of the iconic Mustang. The automaker says that the electrified version will deliver V8 power and even more low-end torque. The car will be built at the Flat Rock Plant in Michigan, while the official debut is set for 2020. The first hybrid muscle car will initially be offered in North America.
A hybrid version of the best-selling F-150 pickup will be sold in both North America and the Middle East markets by 2020. Built at Ford’s Dearborn Truck Plant, the F-150 Hybrid will offer powerful towing and payload capacity and operate as a mobile generator.
In addition, the company will launch fully electric SUV with an estimated range of at least 300 miles, two new electrified police vehicles, and a Transit Custom plug-in hybrid available in 2019 in Europe engineered to help reduce operating costs in even the most congested streets.
Ford announces that its global utility lineup will be the company’s first hybrid vehicles to combine an EcoBoost petrol engine with electric power, which will further improve their fuel economy and overall performance. Ford also plans a high-volume autonomous vehicle designed for commercial ride hailing or ride sharing, starting in North America. The hybrid vehicle will debut in 2021 and will be built at the Flat Rock plant.