Ford Plans $11 Billion Investment, 40 Electrified Vehicles by 2022

 Ford plans $11 billion investment, 40 electrified vehicles by 2022

•    Ford Motor Company will increase its planned investments in electric vehicles to $11 billion by 2022

•    The figure is more than double Ford's previous commitment

•    Ford wants to develop 40 different models for hybrid and fully electric vehicles
Ford Motor Company will significantly increase its planned investments in electric vehicles to $11 billion by 2022 and have 40 hybrid and fully electric vehicles in its model lineup, Chairman Bill Ford said on Sunday at the Detroit auto show.

The investment figure is sharply higher than a previously announced target of $4.5 billion by 2020, Ford executives said, and includes the costs of developing dedicated electric vehicle architectures.

Ford's engineering, research and development expenses for 2016, the last full year available, were $7.3 billion, up from $6.7 billion in 2015.

Ford Chief Executive Jim Hackett told investors in October the automaker would slash $14 billion in costs over the next five years and shift capital investment away from sedans and internal combustion engines to develop more trucks and electric and hybrid cars.

Of the 40 electrified vehicles Ford plans for its global lineup by 2022, 16 will be fully electric and the rest will be plug-in hybrids, executives said.

"We're all in on this and we're taking our mainstream vehicles, our most iconic vehicles, and we're electrifying them," Ford told reporters. "If we want to be successful with electrification, we have to do it with vehicles that are already popular."

SUVs figured in Ford's electric vehicle presentation. The automaker's president of global markets, Jim Farley, said on Sunday that Ford would bring a high-performance electric utility vehicle to market by 2020. The company will begin production of a hybrid version of its popular F-150 truck at a plant in Dearborn, Michigan, in 2020."What we learned from this first cycle of electrification is people want really nice products," Farley said.

'THINK BIG'
Ford's shift to the electric vehicle strategy has been more than six months in the making after Hackett replaced former Chief Executive Mark Fields in May.

The plan was finalized in recent months after an extensive review, a person familiar with the process said. In October, Ford disclosed it had formed a team to accelerate global development of electric vehicles, whose mission is to "think big" and "make quicker decisions."

Some of the electric vehicles will be produced with Ford's JV in China aimed at the Chinese market. One aim of Ford's "Team Edison" is to identify and develop electric-vehicle partnerships with other companies, including suppliers, in some markets, according to Sherif Marakby, vice president of autonomous vehicles and electrification.

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Article compliments of CNBC

Ford & GE Adding Employee Charging Stations Nationwide

BRIGHTON, Mich - Ford & GE are Adding Employee Charging Stations Nationwide starting with Ford Motor Company headquarters. Ford facilities all over the country will be gaining GE WattStation™charging stations to increase the company's commitment to sustainability outside of just producing fuel-efficient vehicles. Ford Motor Company is looking to do their part in growing the electric vehicle infrastructure and use the new changing stations to help plan for future installations.

The installation of these charging stations will be very beneficial to Ford employees who are commuting up to 21 miles away in plug-in hybrid vehicles - like the Fusion Energi or C-MAX Energi. Employees who travel up to 21 miles for work should be able to drive completely on electric power to and from work. Plug-in stations are going to be installed at more than 60 Ford offices, product development campuses and manufacturing facilities. Initial installations will start at Ford's southeast Michigan facilities then continue to make way to different locations throughout the country. 

One of the best parts about Ford & GE Adding Employee Charging Stations Nationwide? It won't cost Ford employees a penny for the first four hours of charging each day. All of this in hopes to double the amount of Ford employees who charge their vehicles at work every day. Ford Motor Company will also be able to receive data from these charging stations that will help with future station installations. 

Are you looking for a plug-in or more fuel efficient vehicle? Stop by and see us at Brighton Ford! No only will we help you find a vehicle that saves you money at the pump, we will also help you take care of it! Our Service Center at Brighton Ford is top of the line and we will get you back on the road in no time at all! We are located at 8240 Grand River Ave. just north of I-96 in Brighton. We are a family owned and operated business that strives for customer satisfaction. For more information on Brighton Ford visit BrightonFord.com or give us a call at (800) 836-8206.

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Ford Plans to Install Electric Vehicle Charging Stations for Employees

BRIGHTON, Mich. - Ford Motor Company has revealed plans to install electric vehicle charging stations for employees at over 50 of its U.S. and Canadian offices and plants. This installation would total to about 200 charging stations, all around U.S. and Canada.

The motive behind this move is to encourage Ford employees to purchase electric vehicles. Many consumers fear the electric vehicle simply because they believe that it will be costly to upkeep and they are concerned about the driving range of the vehicle. Even though Ford continues to develop electric vehicles to eliminate these worries, drivers are still hesitant.

To encourage electric vehicle sales, Ford Motor Company has slashed the prices of many electric vehicles over the past few months. Installing free electric vehicle charging stations for employees will help boost sales as well.

The charging stations will be at Ford offices and plants in the U.S. and Canada, and will offer free charging for the first four hours - this is enough time to fully charge a low battery. This free charging station will cost Ford about 50 cents per vehicle, but will save each employee up to $2 in gas a day.  Not to mention, between charging at home and charging at work, each electric vehicle owner should be able drive their cars in electric mode all the time.

Now that Ford plans to install electric vehicle charging stations for employees, it is definitely worth it to check out these great vehicles. The electric vehicles available are also a great buy for non-Ford employees, especially if you live in town and do a lot of local driving. If you'd like to discuss your options and find out if an electric vehicle is right for you, stop by our Farmington Area Ford Dealer today! We have a great selection of electric vehicles, New Ford Trucks, and Used Fords For Sale - so come see us today! 

Brighton Ford is located at 8240 Grand River Ave. just north of I-96 in Brighton. We are a family owned and operated business that strives for customer satisfaction. For more information on Brighton Ford visit BrightonFord.com or give us a call at (800) 836-8206.

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