Ford to unveil all-electric van next month
Ford Motor Company (NYSE: F) will unveil a fully electric Transit van for global markets next month. two of the largest and largest commercial vehicles in our industry. The executive said the automaker’s electric transit would be revealed next month, adding that these vehicles’ affordable prices, productivity and capacity would be “compelling” to some Farley said electric vehicles were fundamental to ” the future of Ford throughout its range ”. “By the end of the year, customers will be able to choose from 12 hybrid and fully electric vehicles across the world and there is much more to come, including the development of a full EV ecosystem,” said Farley. . Why it matters: The Dearborn, Michigan-based automaker plans to sell an electric Transit in Europe by 2021, TechCrunch reported. Ford is reportedly planning to sell an electric version of the cargo vehicle in the North American market at 2022 models onwards. The Transit is part of the automaker’s $ 11.5 billion investment in electrification through 2022, which specifically targets commercial customers, TechCrunch noted. “We have a ‘job’ at Ford and these electric vehicles will be true high performance work vehicles with unique digital services. Live capabilities to improve the productivity and uptime of our important business customers,” said Farley This month, another Michigan automaker, General Motors Company (NYSE: GM), unveiled its electric Hummer, which will be available from next fall. Amazon.com, Inc (NASDAQ: AMZN ), backed by Rivian, is delivering 100,000 electric vans to the retail giant, the design of which was revealed by the company led by Jeff Bezos this month. $ 32.9 billion. Earnings per share were 0 , $ 65, nearly double the profit of $ 0.34 a year earlier in a similar period. Price action: Ford shares traded nearly 4.9%, up to $ 8.08 when sitting after office hours m wednesday after closing nearly 2.8% down to $ 7.70. more Benzinga * Click here for Benzinga option trades * GM unveils ‘Supertruck’ EV Hummer, with 350 mile range for 2,595 * Nikola CEO plays Badger down, says ‘still focused’ on heavy trucks, hydrogen infrastructure: FT (C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.