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Outlining a fundamental shift in its vision of the industry, it announced plans for 20 new all-electric models by 2023, including two within the next 18 months.

And ford follow pledges by the german automakers volkswagen and daimler to build hundreds of thousands of electric vehicles in the coming years, and the decision by volvo, the chinese-owned swedish luxury brand, to convert its entire lineup to either electric cars or hybrid vehicles that are powered by both batteries and accelerated pace of development also reflects the symbiotic relationship between battery-powered cars and another technological frontier; auto companies are tying their electric-car plans to lofty goals of building fleets of autonomous vehicles for ride-hailing automakers believe they can solve the problem of achieving — as g.

Please try again are already subscribed to this all new york times its part, ford said it intended to accelerate its development of electric cars as part of a broader business strategy that will be laid out for wall street on tuesday by its new chief executive, jim hackett.

Hackett was installed in may after his predecessor, mark fields, failed to persuade investors and his board that the company was moving fast enough to develop the vehicles of the future, like battery-powered and self-driving already fields several slow-selling hybrid, battery-powered and plug-in models, and has said it also plans to add hybrid versions of its big sports-utility vehicles, like the ford explorer, as it expands its electric company has formed a group it calls team edison to focus on pure battery-electric cars, said sherif marakby, ford’s vice president for autonomous vehicles and 2020, ford plans to produce an electric car that can go 300 miles before needing to recharge, mr.

Chief, visited shanghai last month as the company announced that it would roll out at least 10 all-electric or hybrid models in china between 2016 and 2020, including those already in the a few days earlier, china had joined other countries, including britain and france, in announcing plans for an eventual ban on sales of gasoline- and diesel-powered cars.

It may be sooner than you , betting on electric, moves to phase out conventional ec plans to sell this business for nearly $1 ec corp.

In mountain view, california, avelar—bloomberg via getty security company symantec has agreed to sell its business that helps verify the identity of websites to buyout firm thoma bravo, people familiar with the matter said on wednesday, a move that extricates it from a feud with alphabet’s bravo is planning to merge its own web certification company called digicert with the symantec unit it will acquire, the sources said, asking not to be identified ahead of an official announcement expected later on ec stands to receive close to $1 billion in an upfront cash payment as a result of the deal, and will retain a minority stake in the new company that is merged with digicert, the sources bravo and symantec declined to comment.

Symantec and digicert both issue these web certificates which help verify the identity of websites so that they can be trusted by those browsing the demanded major changes to the division’s underlying technology and business practices in order for its browser, chrome, to continue respecting symantec certificates, and the two sides have been negotiating since did not respond to a request for comment on ec acquired most of its web certification business in 2010, when it paid $1.

Thoma bravo bought a majority stake in digicert in 2015 for an undisclosed sale comes more than a year after symantec parted with its data storage business veritas in a $7.