Ford to Triple Electric Vehicle Production

Reuters

Ford Motor Co (F.N) plans to triple its production of electric vehicles, including hybrids, to an annual rate of 100,000 by 2013, the No. 2 U.S. automaker said on Thursday.

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The company plans to add 220 jobs at plants in Michigan to build the new vehicles, including a plug-in electric version that it plans to call the C-Max.

At an event announcing the news, Jim Farley, the company's global head of marketing and sales, said he was "encouraged" by Ford's U.S. sales performance in June, which have improved since May. 

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