(Reuters) – Ford Motor Co
Ford confirmed its new electric SUV will be called the Mustang Mach-E ahead of a debut event scheduled for Los Angeles on Sunday. Until now, the Mustang name has been used only on a line of sporty coupes associated with Detroit’s 1960s muscle car era.
The SUV will be among a more than dozen all-electric automobiles the company plans to launch by 2022 with an investment of $11.5 billion as it moves away from traditional gas-powered cars.
In April, the No.2 U.S. carmaker invested $500 million in electric automaker Rivian and said it planned to use the Michigan startup’s platform to build a new Ford-branded electric vehicle.
A reservation for the Mustang Mach-E can be made on Ford’s website in the United States, Canada and Europe by paying a refundable deposit of $500, the company said.
Ford said it would announce reservation dates for China later.
(Reporting by Ankit Ajmera in Bengaluru; Editing by Anil D’Silva and Mark Potter)