Ford Motor Co. (NYSE: F) and Portland General Electric Co. (NYSE: GE) are entering into a partnership in which the two companies will share information about vehicle charging needs as both companies prepare to produce higher numbers of electric cars in the years ahead.
Dearborn, MI-based Ford announced on Tuesday that it plans to bring five new electric vehicles on the market during the next two years, including an electric version of its Transit Connect commercial van.
“To support the roll out and acceptance of these vehicles it is important to work with local utilities to make sure the necessary infrastructure and grid capability are ready,” commented Mike Tinskey, Ford manager of vehicle electrification and infrastructure, in a statement this week.
Officials from Ford Motor Co. (NYSE: F) are touring 14 cities to promote their upcoming electric vehicles. Portland was the first stop on the tour.
Ford Motor Company (Ford) is a producer of cars and trucks. Ford and its subsidiaries also engage in other businesses, including financing vehicles. It operates under two segments: Automotive and Financial Services. The Automotive segment includes the operations of Ford North America, Ford South America, Ford Europe, Ford Asia Pacific Africa and Volvo. The Financial services include the operations of Ford Motor Credit Company and Other Financial Services. In August 2010, the Company completed the sale of its Swedish Volvo Car unit and related assets to China’s Zhejiang Geely Holding Group Co.
Shares of Ford Motor Co. (NYSE: F) traded down 1.27% hitting $11.10 during mid-day trading on Wednesday.
