Ford Boosts Investment for Battery-Powered Cars

by Keith Naughton
August 15, 2012

Ford Motor Co., debuting five battery-powered models this year, is spending $135 million to design electric-drive parts and double battery testing capacity.

Ford is moving more battery research in-house and has hired 60 engineers in the last year, bringing its electric-vehicle engineering staff to more than 1,000, according to a statement today. The moves help reduce the cost of hybrid systems by 30 percent and speed development by 25 percent, Ford said.

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