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Reservations Open For Ford's All-Electric Mustang Mach-E

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Ford unveiled its much-awaited all-electric Mustang Mach-E SUV, which will compete with the top selling electric car maker Tesla.

Mustang Mach-E, the automaker's first expansion in the Mustang line-up in 55 years, will arrive in late 2020. Customers can now visit the Mustang Mach-E reservation site to make a $500 reservation deposit.

In a statement, the company said the all-electric Mustang Mach-E SUV is joining the sports coupe, convertible and special editions, featuring an all-new infotainment system and connected vehicle technology.

The electric sports utility vehicle will be available with standard and extended-range battery options with either rear-wheel drive or all-wheel drive powered by permanent magnet motors.

A limited First Edition will be available in extended-range all-wheel drive, with red painted brake calipers, metallic pedal covers, contrasting seat stitching and a scuff plate marked First Edition.

Ford also will offer two special performance versions, GT and GT Performance Edition.

Customers who are looking for Mach-E GT can make reservations now for deliveries starting in spring 2021. Mach-E is the first production vehicle to be tuned by the Ford Performance team utilizing its racing simulator in North Carolina.

Ford offers a Ford Connected Charging station, and is also teaming up with Amazon Home to facilitate easy customer home installation.

The original Mustang was introduced in 1964. Previously, Ford had said it would invest $11 billion in electric vehicles. Ford has teamed up with electric truck maker Rivian to develop an all-new battery electric vehicle for Ford using Rivian's skateboard platform.

Ford is developing an electric version of its F-150 pickup truck, which has been the top selling U.S. vehicle by any manufacturer for more than 40 years.

Major automakers are speeding up their entry into all electric vehicles. Volkswagen in early November had said it officially started the series production of its ID.3 electric car. Swedish luxury auto maker Volvo Cars in mid October unveiled its first fully electric car, the XC40 Recharge.

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