A new report from Reuters says the Ford is working on a dedicated hybrid model that will take on the Toyota Prius and Chevrolet Volt. Two sources tell the news service that the new model, codenamed C240, will use Ford's new C2 platform. This new platform will also underpin the next-generation Focus and Escape. C240 will also be more efficient than the blue oval's current hybrids thanks to improved battery technology and and the use of lightweight materials such as aluminum.
The new model is expected to go into production in 2018, with global sales starting a year after.