Ford Motor (NYSE: F) spending $11 billion on 16 Electric Vehicles
Like Volkswagen AG (OTC: VLKAY); and Toyota Motor (NYSE: TM), Ford Motor (NYSE: F) is hedging its bet on electric.
For example, Ford unveiled several impressive gasoline-powered vehicles at the Detroit Auto Show. Those models included the Mustang Bullitt (inspired by the 1968 Steve McQueen car chase movie), a 2019 Ranger, and the Edge ST.
In addition, Toyota is still investing heavily in hydrogen-fuel cell technology despite an electric push. For example, Toyota is marketing the fuel-cell powered Mirai sedan and testing two hydrogen-powered semi tractors at the Port of Los Angeles.