Updated: 12:55 p.m. ET
(Bloomberg) -- Ford Motor Co. plans to introduce a long-range electric vehicle to compete with battery-powered models coming from Tesla Motors Inc. and General Motors Co. that would go 200 miles or more on a charge.
“We want to make sure that we’re either among the leaders or in a leadership position,” Chief Executive Officer Mark Fields told analysts and reporters on a conference call Thursday. “When you look at some of the competitors and what they’ve announced, clearly, that’s something we’re developing for.” He didn’t say when Ford would start producing the vehicle.
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