After a long period of car manufacturers cutting back, many of them are ready to start spending again. The Ford Motor Company has recently announced that it will be investing $135 million in component plants which will be geared towards their development of electric cars.Ford has plans to introduce five electric cars into its lineup by 2012, including an electric version of the Ford Focus which is set to be released next year. The electric Ford Focus will run purely off of batteries and it is supposed to get up to 100 miles on each charge. Ford will introduce the all electric version of the Ford Transit Connect commercial van in 2010, and a plug-in hybrid car should be released in 2012.This new investment in two Detroit, Michigan area plants will help curb Ford's reliance of parts from outside the United States. At the present Ford is buying transaxles from a supplier in Japan and battery packs from suppliers in Mexico. These plants will definitely help the Ford Motor Company cut costs on their new electric vehicles and it will help bring more investment into the United States economy after so many jobs have been lost. This investment will especially be helpful to the Detroit area economy as it was one of the hardest hit areas in the nation in recent years.Ford is gearing up to become a major competitor in the electric vehicle market in the years to come. The wide model range that it plans on selling looks sure to become a fierce competitor of the ever so popular Toyota Prius. Shortly, a company that has been known for gas guzzlers may reinvent itself as a company known for its gas savers.
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