+0.53 (+1.14%)
By last year, though, the excitement was gone. His projects were no longer about advancing the engine, just nursing along existing technology. All the buzz had shifted to electric vehicles. In December, Penkevich took early retirement at age 59. It got to feel like you’re on a maintenance crew, he said.
For more than a century, auto makers continually honed their gas and diesel engines, sparring over which had greater power, better fuel efficiency, more durability or delivered a smoother ride.
Now, some of the world’s biggest car companies are sending the combustion engine to the scrap heap and are pouring billions of dollars into electric motors and battery factories. Instead of powertrain specialists, they are hiring thousands of software engineers and battery experts.
Ford Motor Co will announce on Wednesday that it is developing two dedicated all-electric vehicle platforms, one for full-size trucks and SUVs, the other for cars and smaller SUVs, as part of a. | May 27, 2021
May 25, 20213:07 PM UTC
Sustainable BusinessEXCLUSIVE Ford follows GM, VW with two new dedicated EV platforms by 2025 -sources
Paul LienertBen Klayman
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Visitors check on a Ford Mustang Mach-E electric vehicle displayed at a launch event in Shanghai, China April 13, 2021. REUTERS/Yilei Sun/File Photo
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Ford Motor Co (F.N) will announce on Wednesday that it is developing two dedicated all-electric vehicle platforms, one for full-size trucks and SUVs, the other for cars and smaller SUVs, as part of a strategy to catch General Motors Co (GM.N), Volkswagen AG (VOWG p.DE) and Tesla Inc (TSLA.O) in the global electrification race, sources familiar with Ford s plans said.