Ford has been lagging behind in all-electric vehicle programs since its first vehicle created to be electric from the ground up is only planned for 2020.
After electric-vehicle darling Tesla Inc. surpassed Ford in market value a year ago, the second-largest USA automaker replaced then-Chief Executive Officer Mark Fields. "If we want to be successful with electrification, we have to do it with vehicles that are already popular".
The planned investment significantly exceeds the firm's previous target of investing $4.5 billion (£3.3bn) by 2020 and marks a shift in capital investment away from family cars with internal combustion engines to developing more trucks and low carbon vehicles.
This was confirmed by Ford Chairman Bill Ford at the Detroit Auto Show.
From the total 40 models, 16 are planned to be fully electric and the rest plug-in hybrids. "The only question is whether customers will be with us and we think they will", added he. His replacement Jim Hackett has vowed to cut costs and drop some auto models from the lineup to refocus the company's future on sport utility vehicles, trucks and electrification.
They are also under pressure from Tesla's success in creating electric sedans and SUVs that inspire would-be owners to line up outside showrooms and flood the company with orders.
Some of the electric vehicles will be produced with Ford's JV in China aimed at the Chinese market.
Ford chief executive Jim Hackett told investors in October the plans are to slash $14 billion in costs over the next five years. "There's no doubt that we've entered this period of disruption, you all know that". One avenue under consideration was the sale of Ford cars on Tmall.
Nielsen said that Trump is simply advocating a merit-based immigration system, similar to those in Canada and Australia. He said Democrats "don't really want [DACA]", but just want to take "desperately needed money away" from the military.
Alex Burkill, a meteorologist for the Met Office, said: "From Monday onwards we're going to see quite a change". The Met Office warning read: 'Snow showers will be heaviest and most frequent across western Scotland.
How do you follow up signing Jay Bruce at a bargain ? He is a five-time All-Star and a four-time Gold Glove victor . Duda was traded to the Tampa Bay Rays during the season, and Smith, 22, struggled offensively, batting just.198.
In the best British group category, The xx face competition from Gorillaz, London Grammar, Royal Blood and Wolf Alice. Dua Lipa will compete for best female artist against the likes of Jessie Ware and 2015 victor Paloma Faith .
The available Smart Trailer Tow connector makes towing safer and easier by alerting the driver of any faulty trailer connections. Adaptive cruise control and a pre-collision assist system with pedestrian detection will be standard on Lariat.
The Detroit Lions will likely name Patriots defensive coordinator Matt Patricia their 27th head coach in franchise history. The Lions are still looking for a head coach after the team fired Jim Caldwell, but it appears they have found their man.
Manchester United were always in control of the tie and found themselves in front inside 10 minutes courtesy of Antonio Valencia . The offer will be available for players who register through this link , and ends on Saturday at 19:45 BST.
Fortnite developer Epic Games has just announced on Twitter a massive new update coming to the games' Battle Royale mode. This is in addition to unspecified quality-of-life improvements that are described as a "work-in-progress".
As per the reports, the students of KL Ponda School in Dahanu went for the beach picnic at Parnaka beach on Saturday morning. A Dornier aircraft and Indian Coast Guard has deployed ships to the site to conduct search and rescue operations.
The dual front cameras allow for portrait mode-style selfies with a bokeh effect that can be adjusted after the photo is captured. Since it belongs to the U11 family, the U11 EYEs comes equipped with squeezable Edge Sense pressure-sensitive frame.
Cole is in his second year of arbitration eligibility, and players and management are set to swap salary figures Friday. Moran, 25, has appeared in 16 games at the Major League Baseball level over the last two seasons.
In 2015 O'Riordan pleaded guilty to headbutting and spitting at an Irish police officer following an alleged incident on a plane. The singer led the Limerick, Ireland, band to global success in the 1990s with hit singles like " Zombie " and " Linger ".
Standard tech doodads for the AMG CLS53 include Active Braking Assist, Attention Assist, and Pre Safe protection. The E53 coupe and cabriolet get a lot more color choices for their interiors than the previous E43 models.
But in a revealing detail, South Africa was unable to summon the US ambassador for the formal protest on Monday - because Mr. David Perdue , R-Ga., called Durbin's assertion a "gross misrepresentation" during an interview on ABC , and Sen.
Beginning today, Nokia and HMD have announced that they're pushing Android 8.0 Oreo to both the Nokia 6 (2018 ) and the Nokia 7 . HMD Global Chief Product Officer Juho Sarvikas also recently revealed that the Nokia 6 Android Beta Labs reached India.
The victor of the fight will take a step towards becoming the first undisputed heavyweight champion since Lennox Lewis in 1999. But Duco Boss Higgins said he didn't think Joshua does steroids and advised Parker to stay away from such claims.
BREAKING: Arsene Wenger on Alexis Sanchez: "Nothing is really concrete at the moment and nothing is decided one way or another". Meanwhile, Manchester United are eyeing a sensational move to sign Paris Saint-Germain star , Neymar, Le 10 Sport reports.
Last week, Zuckerberg said his "personal challenge" for 2018 (something he's done every year since 2009), will be to fix Facebook. Admitting that its changes will likely reduce the time people spend on Facebook less was a big deal for the company.
The chair of the US Federal Communications Commission Ajit Pai said there would be a full investigation into the incident. The White House said President Donald Trump was briefed about the incident, calling the alert "purely a state exercise".