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Ford (F +0.1%) will invest $135M to back the development of the five new electric vehicles the...
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Wednesday, December 12, 2012, 1:52 PM ETFord (F +0.1%) will invest $135M to back the development of the five new electric vehicles the automaker plans to sell by the end of the year. New testing on hybrid vehicle batteries will simulate ten years of wear and tear and 150K miles on the odometer as Ford looks for ways to address consumer concerns on EV technology.
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"Ford is investing $135 million in the design, engineering and production of key components – including doubling its battery testing capabilities – for the five electrified vehicles the company will have in its portfolio by the end of the year: Fusion Hybrid, Fusion Energi plug-in hybrid, C-MAX Hybrid, C-MAX Energi plug-in hybrid and Focus Electric."
Lincoln's new MkZ hybrid arrives later in 2013.