Ford focuses on electric
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Ford says it will introduce 13 new electrified vehicles worldwide by 2020, including an updated Focus sedan that will go on sale late next year.
The new Focus will have fast-charging capability and an estimated 160km range, up from 120km in the current electric Focus.
Ford also plans to introduce the Mondeo hybrid sedan and the C-Max Energi plug-in hybrid in China next year.
It now sells electric, hybrid and plug-in hybrid versions of its Focus, Fusion, C-Max and Lincoln MKZ sedans. Ford CEO Mark Fields says the company wants 40 per cent of its global offerings to come in electric versions by 2020, up from 13 per cent now.
Ford says it will spend a further $4.5 billion to meet its electrification goals by 2020.