The Company is putting its money where its mouth is betting on the electric car division.
Ford is investing $135 million in the design, engineering and production of key components - including advanced battery systems - for its next-generation hybrid-electric vehicles going into production this year.
Also, Ford is dedicating a 285,000-square-foot research and development lab in Dearborn, Mich., to focus almost entirely on hybrids and electrification. The building formerly known as the Advanced Engineering Center is renamed the Ford Advanced Electrification Center and houses most of the 1,000 engineers working on hybrid and electrification programs.
The stock is trading at $9.64, up 0.05(0.54%) 12:03PM EDT on over 17 Million shares with a high of $9.78. The 52 week range for the stock is $8.82 - 13.05.
About Ford Motor Company
Ford Motor Company (NYSE: F), a global automotive industry leader based in Dearborn, Mich., manufactures or distributes automobiles across six continents. With about 168,000 employees and about 65 plants worldwide, the company's automotive brands include Ford and Lincoln. The company provides financial services through Ford Motor Credit Company. For more information regarding Ford and its products worldwide, please visit http://corporate.ford.com.
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