Mustang Hybrid among 13 new electric Ford cars that will soon be a reality

Ford is building 13 new electric cars, including groundbreaking models like an F-150 Hybrid pick-up, a 300-mile electric SUV and a hybrid Mustang.

Seven of the new models will be released by 2020, the company announced on Tuesday. Ford is currently investing $700 million toward creating new eco-friendly cars like two electrified police vehicles. It's all part of a larger $4.5 billion effort to produce more EV models in the next couple years. But the automaker is making some other big changes, too.

During a press conference on Tuesday, Ford's chief executive, Mark Fields, said the company is cancelling plans for a new $1.6 billion plant in San Luis Potosi, Mexico and adding 700 jobs to its assembly plant in Flat Rock, Michigan. The announcement drew cheers from hundreds of workers at the Flat Rock plant, the New York Times reported. Read more...