Canadian inflation speeds up, raising prospects of September lift
In July, Canada's annual inflation rate speeded up to 3% from June’s outcome of 2…
Ford will launch plug-in cars in China in 2018
Ford Motor Co announced its intention to launch a plug-in hybrid car in China next year as well as a fully electric sport-utility car in the next five years, as the high tech giant works toward electrifying most of its lineup in the world's number one car market by 2025.
It comes at a time when Beijing is urging car makers to sell more electric cars, setting strict fuel economy goals and subsidizing new energy vehicle models, thus trying to reduce air pollution and promote technological innovation.
The time is appropriate for Ford to expand the car maker’s electric vehicle lineup as well as investments in China, as Ford Chief Executive Mark Fields told on Thursday.
The American automaker, which produces vehicles in China through a joint venture with a Chinese company Chongqing Changan Automobile Co, told it actually plans for 70% of Ford brand cars sold in China to be conventional hybrids, full battery electric cars or plug-in hybrids by 2025.
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