The automaker, now a small player in the world's largest auto market, announced the ambitious plan on Tuesday in Shanghai. "China is extremely important and I think this is an acknowledgement of maybe some previous missteps of investment in China for Ford", he said.
Ford recently announced a $756 million joint venture with Chinese auto firm Zotye Auto to produce and sell electric vehicles in Beijing.
Ford's sales in China have been weak in recent months, and the company is scrambling to come up with electric cars to comply with China's production and sales quotas for such so-called new energy vehicles, or NEVs.
General Motors Co. has said that it plans to make all its new vehicles in China either hybrid or fully electric by 2025.
Cisco Systems (CSCO) Stock Rating Lowered by Vetr
Kentucky Retirement Systems Insurance Tru Fund stated it has 136,936 shares or 0.76% of all its holdings. (NASDAQ: CSCO ). At present, 3 analysts recommended Holding these shares while 0 recommended sell, according to FactSet data.
Added [CEO Jim} Hackett: "Ford's aspiration is to become the world's most trusted mobility company, designing smart vehicles for a smart world". By 2019 all cars sold in China under the Ford or Lincoln brand will come with always-on internet as standard.
The 50 planned vehicles will include at least 15 electric cars under the Ford and Lincoln marques, and five more vehicles that will be assembled within China for Chinese consumers from 2019, the company said. "The progress we have achieved in China is just the start".
Ford's announcement comes at a time when foreign automakers, encouraged by policy changes in China, are rushing to grab a share of the country's burgeoning electric vehicle market. By 2019 it will be building five new Ford and Lincoln models including a premium Lincoln SUV and the aforementioned plug-in electric auto in China.
However, when Ford gets its "One Ford" philosophy right - ie, single models developed for its global market - it results in cars as good as the Focus and the Fusion (sold in Europe as the Mondeo).
Are the people of Delhi always supposed to suffer? The NGT directed the Delhi Government to file its action plan within 48 hours. The maximum and minimum temperature would be around 24 and 9 degrees Celsius respectively, according to the weather department.
The Hollywood Reporter writes that at one point Singer threw an object at Malek , who is set to play Freddie Mercury in the movie. The director had also mysteriously disappeared while working on his other films " Superman Returns " and "X-Men: Apocalypse".
Could the night get any worse for Owens and Zayn? He added that if Owens and Zayn failed to win, they would be fired from WWE! After the dissolving of the Hype Bros, the Bludgeon Brothers had no superstars on the SmackDown Live Roster to squash.
The research group ranks the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Echo Street Capital Management LLC raised its position in AutoZone by 362.1% in the third quarter. (NYSE: AZO ).
A number of other hedge funds and other institutional investors have also made changes to their positions in JNJ . The stock of Johnson & Johnson (NYSE: JNJ ) has "Hold" rating given on Wednesday, April 6 by Societe Generale.
London Mayor Sadiq Khan has reached Pakistan on Wednesday on a one-day visit to promote his "London is Open" campaign. Talking to The News on December 2 Sadiq Khan said that British Pakistanis made London the greatest city in the world.
Former winners of the award include: Kareem Abdul-Jabbar, Magic Johnson, Bill Russell, Jack Nicklaus and Jim Brown. Beyoncé said it felt "so good" to present the award to Kaepernick, whose actions she described as "selfless." .
The R5 continues the line of Polo-based rally cars from Volkswagen, a line which has seen some serious success in recent seasons. Volkswagen chose the driving presentation of the new Polo GTI as a platform to reveal the Polo GTI R5 .
Saudis say most detained in graft sweep agree to settlement
One of those released was son of the late King Abdullah, Prince Miteb, after an undisclosed financial settlement was agreed. The prince told the New York Times that authorities can recover as much as $100 billion from the settlement deals.
Are Arbor Realty Trust (ABR) Shares Brimming Over?
At a certain point in the past four quarters, the shares traded as low as $88.65 but made a 24.75% recovery since then. The New York-based Indexiq Advisors Limited Liability Co has invested 0.11% in Lexington Realty Trust (NYSE:LXP).
Panel report claims Max Hospital guilty
It is dubbed a "super specialty hospital" on the company's website, boasting a wide array of medical disciplines. Failing to do so, a reminder would be sent and if they do not respond then, the police will take action.
Metcalfe During Hearing "I Don't Like Men as You Might"
Bradford was clearly taken aback at the chastising from Metcalfe, who is the committee chair. "Enough is enough. In 2013, Metcalfe used a procedural maneuver to prevent Sims from speaking on the House floor about the U.S.
Randy Travis DWI Naked Arrest Vid Released
The country music star pleaded guilty to driving while intoxicated in January 2013 and was sentenced to two years' probation. Travis crashed his Trans Am near Tioga, and troopers say his blood alcohol content was more than twice the legal limit.
Suspect in shooting of Missouri officer dies
Officers inside watched on camera as the black police SUV approached an area of the building where suspects are brought inside. Gary Higginbotham says police were unaware that the suspect had a second gun that was apparently stolen from a vehicle.
Big Boss 11 updates : Akash, Shilpa nominated for eviction
Bigg Boss gave the captain Vikas Gupta , a special privilege where he could save one of the two and instead nominate someone else. Later, Hina too plays the strategy and tells Vikas that she doesn't want Akash to be the captain and she wants to be the captain.