Ford (F +0.1%) will invest $135M to back the development of the five new electric vehicles the...

|About: Ford Motor Company (F)|By:, SA News Editor

Ford (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.