Ford teams with Magna to develop All-Electric Car
DETROIT — Magna International Inc. is making a big leap into the electric vehicle age with a strategic alliance with Ford Motor Co. to supply key engine components for a new battery-powered vehicle.
The battery-powered compact car represents a key part of Ford's electric vehicle strategy during the next few years, which also includes more traditional gas-electric hybrids, new plug-in hybrids and a battery-powered commercial van.
The Ford link-up with Magna comes after the Canadian auto parts giant took a Ford Focus and redeveloped it to run on battery power as way to showcase the breadth of its capabilities to auto makers. In addition to simple parts, Magna designs and assembles modules as well as complete vehicles under contract to car companies.