Ford Motor Co announced that it has formed a team to accelerate global development of electric vehicles, whose mission will be to “think big” and “make quicker decisions”.
One aim of Ford's "Team Edison" is to identify and develop electric-vehicle partnerships with other companies, including suppliers, in some markets.
Ford has not altered its previously announced plan to spend $4.5 billion over five years on electrified vehicles, including plug-in hybrids, executives said.
The company said the group will be based in the Detroit area and work with regional Ford vehicle electrification teams in China and Europe.