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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.
In June, German business confidence slipped to its lowest value for more than a year, thus dropping a hint that the mood among company executives in the EU’s number one economy is worsening as the world is getting closer to a full-fledged trade conflict…
The Australian corporate regulator might require playing a greater role in regulating agricultural finance considering the absence of redress options for borrowers, as it shifted its attention to Australia’s $50 billion farm sector…
In June, American private sector activity speeded down, as follows from survey data uncovered on Friday…
On Monday, Asian shares shook off a sluggish start and stabilized, with Japan outperforming on positive earnings…
America’s on the verge of starting an investigation into whether thermoplastic components utilized in some Japanese as well as German vehicles sold in the country violate its patent laws or not…
On Tuesday, crude prices traded weaker because a poll on Chinese manufacturing came in weaker than expected and market participants looked ahead to American inventories on oil as well as refined products to set the overall tone…
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