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Appeared on: Thursday, December 10, 2015
Ford to Invest $4.5 billion In Electric Car Project

Ford Motor will invest an additional $4.5 billion by 2020 in programs to broaden its offerings of hybrids and electric vehicles, Chief Executive Officer Mark Fields said Thursday.

Fields said it will launch late next year a new version of its Ford Focus electric car that has a 100-mile range and can recharge in 30 minutes.

Ford also plans to add 13 new plug-in hybrid, hybrid or electric vehicles to its lineup by 2020, moving to more than 40 percent the share of the company's vehicle lines that will be electrified.

Plug-in hybrid systems allow drivers to operate part of the time on batteries recharged from the grid, and part of the time on gasoline.

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