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Ford News: Ford Spills the Beans On GT's Power Figures

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Has it really been two years since Ford introduced the GT? *Looks at calendar* Yep, it has been two years. Since that time, we have been wondering about how much power the twin-turbo 3.5L EcoBoost V6 would produce. Ford has finally revealed the numbers earlier this morning.

The 3.5L EcoBoost V6 will produce 647 horsepower and 550 pound-feet of torque. Ford hasn't revealed the 0-60 mph time, but does say the GT has a top speed of 216 mph - making the fastest production vehicle done by the blue oval. Dry weight (meaning no fluids) comes in at 3,054 lbs.

Ford also published lap times of the GT against a Ferrari 458 Speciale and McLaren 675LT done at Calabogie Motorsports Park in Ontario, Canada during development. The times are as followed,

  • Ford GT: 2:09.8
  • McLaren 675LT: 2:10.8
  • Ferrari 458 Speciale: 2:12.9

Source: Ford
Press Release is on Page 2


FORD GT DELIVERS HIGHEST TOP SPEED, FASTEST LAP TIMES ON THE TRACK OF ANY PRODUCTION FORD EVER

  • Assisted by fully active dynamic systems, all-new Ford GT achieves top speed of 216 mph – the highest ever for any Ford production vehicle
  • Strong power-to-weight ratio coupled with the most advanced active suspension system in the segment gives Ford GT the edge in lap times versus the competition
  • Fully active dynamic systems provide optimum downforce, drag and balance at any speed – making the car faster for drivers of all skill levels

DEARBORN, Mich., Jan. 25, 2017 – Delivering the highest output of any EcoBoost® production engine to date, the all-new Ford GT couples its extraordinary power with impressive aerodynamic efficiency and advanced active dynamics to achieve a maximum speed of 216 mph – making it the fastest Ford production vehicle on the track ever.

Capable of an exceptional top speed, Ford’s all-new supercar is designed and optimized for track performance to honor its racing heritage. In 2016 development testing, with all contenders track-prepped with new fluids, fresh tires and optimal suspension settings, in identical conditions and with the same driver behind the wheel, Ford GT bested both the McLaren 675LT and Ferrari 458 Speciale at Calabogie Motorsports Park in Canada.

The numbers speak for themselves:

  • Ford GT: 2:09.8
  • McLaren 675LT: 2:10.8
  • Ferrari 458 Speciale: 2:12.9

SAE-rated at 647 horsepower and with 550 lb.-ft. of torque, Ford’s new high-output 3.5-liter V6 powerplant produces the most horsepower of any EcoBoost production engine ever, making Ford GT the fastest production car ever to wear the Blue Oval badge. The engine’s wide powerband produces 90 percent of its peak torque from 3,500 rpm.

“Our expectation has always been that the EcoBoost V6 would perform exceptionally well in the Ford GT – both in terms of power as well as aerodynamic efficiency,” said Dave Pericak, global director, Ford Performance. “We tested and developed this powertrain through the Daytona Prototype race car that ran in IMSA for two seasons, last season racing with Ford GT. We are extremely pleased with how it performs, both on the track and on the road.”

Ford GT’s dry weight just tops 3,000 pounds, which places the supercar between its two primary competitors, the McLaren 675LT and Ferrari 488. Ford GT’s power-to-weight ratio is 4.72 pounds/horsepower.

“The Ford GT is all about performance,” said Raj Nair, Ford executive vice president, global product development and chief technical officer. “We achieved considerable weight savings with the carbon fiber architecture. We then reinvested some of that savings into where it counts most – performance, specifically, the active dynamics. The result is an even faster car.”

The active dynamics systems – for both suspension and aerodynamics – are designed to make the car perform with optimum downforce, drag and balance at any speed, creating a faster setup regardless of driver skill level.

Ford GT, with no excuses to give, has proven itself time and again, racing to class wins at Le Mans and numerous other tracks in both IMSA and WEC last season. The production Ford GT shares a great deal with the high-performance track version, with advanced aero and suspension features added that take it to another level.


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I love this quote, "Blame the GT's anti-lag. "We certainly could have gotten more fuel economy," Nair told R&T, "but we tuned it for horsepower and throttle response." In three of the GT's five drive modes, anti-lag programming kicks in, sending fuel through the engine even when the throttle's closed to keep the turbos spinning. "We completely looked at the performance metrics," Nair told us. "The fuel economy is what it is." "

:unitedstates:

Edited by ccap41

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In this car, I would expect nothing but Performance, MPG be damned! They better keep those Turbo's spooling so there is no delay. Nice Job Ford!

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Quote

Ford also published lap times of the GT against a Ferrari 458 Speciale and McLaren 675LT done at Calabogie Motorsports Park in Ontario, Canada during development.

 

TSK TSK TSK...

Im sure Donald Trump will have something to say about that.

Future testing will have to be performed on AMERICAN GROUND! On American road courses!

Watkins Glen, Laguna Seca, Willow Springs, Lime Rock...what are those there for?

Americans and American jobs...

Im sure he will hit hard with words but will be willing to negotiate...he is a negotiator after all...

20160807-022641_U1004_M182973_dabe.jpgit

Watch out Bill, you arent American by blood...

hqdefault.jpg

 

THERE....THAT IS MORE LIKE IT!

He dont like Saturday Night Live I heard....

66th+Annual+Primetime+Emmy+Awards+TheWra

 

This bastard is taking away from American jobs..I mean, an American could have invented SNL and those sketches could be satirizing Canadian Prime Ministers instead!

Oh...back to the Ford GT....

Yeah...awesome!

 

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12 minutes ago, FordCosworth said:

This beauty dry weight is at least 55lbs too heavy :(

Agreed, buuuuut... It sounds worth it.

" "But as we did the simulations and some of the testing with the mules, we thought it was worth reinvesting some of that [weight savings] into the active aero and the active suspension. We were faster by putting the systems in. So we felt it was worth reinvesting it into getting the lap times. We would have been right there on dry weight without that." "

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3 hours ago, dfelt said:

In this car, I would expect nothing but Performance, MPG be damned! They better keep those Turbo's spooling so there is no delay. Nice Job Ford!

Exactly! It's not like people buy these for a trip to the local Wal Mart or something...

Still love the looks of this car....

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Not enough power.

Too expensive.

Too heavy.

I'm sorry, but I don't see this car being the mega hit with the press. Within the next year, there are going to be cars six-figures cheaper that will deliver the same or better performance. 

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Here is the deal with this car. 

It is not a mega exotic like the Veyron or La Ferrari. 

It also is not a lower priced super car like the 458 and Mclaren. It is in  no mans land where it is too expensive to be classed where it should be and not powerful enough and expensive enough to play with the big names. 

Next we have a Corvette coming that will sell for about 1/3 of the price and will be fitted with a V8 with more power. heck the present car as similar power now. 

Hmm this is why they are only making a few hundred a year. The exclusivity is about all it really has going for it to expect that price. 

I still think they should have used a V8 and priced this car to where the last GT was. Sell about 2000 a year and really have a lasting car that you could continue and build on. Also one someone may be more likely to see than a Veyron. 

In the end it is still a Ford not a Ferrari or a Mclaren. 

To be fair the media will swoon over it. Kits will put up free car show posters and odds are the BOP will be worked so they win the GTLM class this year for them. But most people with the mean will opt for the bigger exotic name.

Lets face it. Is it more fun to be known as the guy with the Ferrari or Mclaren or the guy with the Ford?

This is why Chevy will not go this route as while the Corvette name has a lot of equity it also is know to be a car that can deliver exotic performance, A car that can win Le Mans and a car that is still in the realm of ownership of a large number of people new and used.

I like the GT but I just see a lot of limitations of benefit for Ford. I just think they got the package right on the last car. I saw one in the JW Gulf colors the other say and that is what it is all about. Heritage but yet in a modern car.  

 

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Love the car design, I wonder how long before someone builds a knock off fiberglass kit car for about $50,000. Buy a trashed Corvette, dump the body, spruce up the power-train and drop the fiber glass kit on and boom, Sleeper GT! :P

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3 hours ago, dfelt said:

Love the car design, I wonder how long before someone builds a knock off fiberglass kit car for about $50,000. Buy a trashed Corvette, dump the body, spruce up the power-train and drop the fiber glass kit on and boom, Sleeper GT! :P

It will be a old Fiero with a bad kit and a LT4.

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14 hours ago, hyperv6 said:

Lets face it. Is it more fun to be known as the guy with the Ferrari or Mclaren or the guy with the Ford?

 

WHAT YOU PEOPLE ARE ABOUT TO READ, THE RANT DOWN BELOW, WAS STARTED YESTERDAY.

I NEVER FINISHED IT TO POST IT, BECAUSE I SAID...."PHOQUE IT! NOT WORTH MY TIME!"

BUT BECAUSE SAUVE DONE HIS RANT, AND I APPLAUD HIM FOR IT, AND THROUGH THE MAGIC OF THIS SITE SAVING POSTS...HERE IS MINE!!!

 

Well...in this picture

Ford+GT.jpg

Id rather the Blue Oval ..

Mclarens are too stiff to have fun with. They take the speed business waaaay too serious. No passion. No sexiness. Blah! Dry like toast they are.

The price tag is what makes people go oooooo and aaaaaa over it. Like Bentley cars....

It aint the speed....because 1990 Japanese sports cars with Twin Turbo V6s could reach 1000 HP with ease and reliability and offer just as much handling prowess....and those Japanese tuned up sports cars have got that passion in spades...

Sure the latest and greatest Mclaren has a few curves here and there, but they do nothing for me...

So its the price tag that denotes that "I gotta have it"  feeling.

 

Ferraris have forgotten how to be sexy. And they have just about sold out and whored out their branding to actually mean anything to me. To fake latte swilling imbeciles who only buy badges...Ferraris work....to connoisseurs like myself....Id rather a vintage Ferrari...

 

This is where a Ford GT comes in....

You did mention that a decade ago....those GTs were selling MSRP $150 000.

In the auctions now...upward $500 000...in a decade...they rose up in value.

Yes I know...

Ecoboost V6 with only 640 some odd ponies where Ferraris and Mclarens make 750 or so and there is a Mclaren with Hybrid electric power...

I understand that.

But the Ford GT is a car with deep rooted history that embarrassed Ferrari, spanked Ferraris ass!

At a time when American cars were huge land yachts with gobs of chrome...

Muscle cars were laughed at because they couldnt turn...well...the Ford GT40 held a big middle finger to that and told Ferrari...and the rest of the world to PHOQUE OFF!!!

The Corvette was not the one to do that, nor was it the Cobra Daytona, despite both the Vette and Daytona having racing success before the GT40 was even a sperm...

And the races were not fixed then!

OK.....so the race was rigged in Ford's favor last year!

The Vettes a decade ago, when they were winning, laws were put into place to neuter them, the complete opposite...which to me says that at Lemans, and the peeps running Lemans, do like a Ford better than Chevy, telling me Ford has more weight than Chevy...and FERRARI!

To boot, Duntov wanted a mid-engined Vette from the early 60s.

GM/Chevy has had cold feet with that since the early 60s....

Ford has had RUNAWAY success with that mid-engine GT40 brand since the 1960s...

ALL OVER THE WORLD, PEEPS RESPECT the GT and the GT40...

THAT IS WHY the previous generation just in a decades time is a sought after collector's car...and the peeps, they keep modifying it to stay relevant...

Dubai

34tephg.jpg

maxresdefault.jpg

Europe

maxresdefault.jpg

A Ford GT is not just a "Ford"

A Ford GT is just as COVETED AS ANY SPORTS MACHINE AS ANY OTHER!

This new one is an ecoboosted V6...

People will find ways to mod it just like they did with the other one...

Outside the United States of America of all things!

 

I dont get this negativity at all!

I was once one of those that HATED the idea of an ecoboost V6 under the hood, actually, I still wished it had the Voodoo under the hood with ONLY 500 some odd horses...

This new Ford GT, hey....

it looks a TON better than ANY McLaren, or MODERN Ferrari!

LaFerrari is sex on wheels, it ought to be, its a Ferrari!

The Ford GT has passion: the secrecy surrounding its existence is proof of that!

Its sexy in a retro but very different approach and take to the original!

Unlike the 2005 model which was a copy and paste and enlarge by 25% type deal! Which was AWESOME for 2005! This new GT exterior is EXCELLENT for 2017!

There are some exotic technologies in this new one. Yeah, even the engine!

The 2005 one was just a F-150 lightning truck engine! 

Debbie Downers . Stop with the depressing shyte!

 

Edited by oldshurst442
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16 hours ago, Frisky Dingo said:

Not enough power.

Too expensive.

Too heavy.

I'm sorry, but I don't see this car being the mega hit with the press. Within the next year, there are going to be cars six-figures cheaper that will deliver the same or better performance. 

Money isn't an issue on something like this as it's basically an investment. You won't lose money on it whereas one of its direct competitors is known to depreciate like a son of a bitch in McLarens.

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@oldshurst442 I get the underlying premise of your post, and largely agree with it. That however doesn't justify this car's position in my mind. 

Is the Ford GT a collectible car that enthusiasts the world over respect and put in the same league as Ferrari, Lambo, etc?? Absolutely. Is this car any more special and deserving of a higher price tag than a 458 Speciale, a 675 LT, or Huracan Performante? I find it hard to make a case for it.

3 minutes ago, ccap41 said:

Money isn't an issue on something like this as it's basically an investment. You won't lose money on it whereas one of its direct competitors is known to depreciate like a son of a bitch in McLarens.

Hahahahaha. :lol:

I think you need to check Speciale and 675 LT values.... :AH-HA:

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3 minutes ago, Frisky Dingo said:

@oldshurst442 I get the underlying premise of your post, and largely agree with it. That however doesn't justify this car's position in my mind. 

Is the Ford GT a collectible car that enthusiasts the world over respect and put in the same league as Ferrari, Lambo, etc?? Absolutely. Is this car any more special and deserving of a higher price tag than a 458 Speciale, a 675 LT, or Huracan Performante? I find it hard to make a case for it.

Well.

No regular civilian has driven it yet. No journalist.

Like Suave said though...

500 units more were added to the final tally because the MYSTIQUE of a Ford GT is DEFINITELY worth the price of admission.

Now...I will find middle ground with you:

IT BETTER HAVE SUBSTANCE or the mystique of a Ford GT will die with this model never to command another generation 10-20-30 years down the road. It will die like the Viper died!

Something that Ferrari, Lamborghini, Porsche, Corvette and even McLaren for a shorter amount of time than the others mentioned have done over the decades to  continue to have people flock to their cars decade after decade. Unlike the aforementioned Dodge Viper!

 

 

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8 minutes ago, oldshurst442 said:

Well.

No regular civilian has driven it yet. No journalist.

Like Suave said though...

500 units more were added to the final tally because the MYSTIQUE of a Ford GT is DEFINITELY worth the price of admission.

Now...I will find middle ground with you:

IT BETTER HAVE SUBSTANCE or the mystique of a Ford GT will die with this model never to command another generation 10-20-30 years down the road. It will die like the Viper died!

Something that Ferrari, Lamborghini, Porsche, Corvette and even McLaren for a shorter amount of time than the others mentioned have done over the decades to  continue to have people flock to their cars decade after decade. Unlike the aforementioned Dodge Viper!

 

 

This is true.

And to clarify, for me it's not a matter of a potential cross-shopper not seeing the value relative to other supercars. Someone who wants one of these is going to buy it regardless.

It's simply more an issue of "If others can do it, why can't you?" To me, this car needs to be objectively perfect, and subjectively stellar. A 400K car can't be just 'pretty good'. It needs to be likened to the other great modern supercars and be declared to be in the same league as other special models. It can't just be an Americanized 488 or 650S.

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1 hour ago, Frisky Dingo said:

@oldshurst442 I get the underlying premise of your post, and largely agree with it. That however doesn't justify this car's position in my mind. 

Is the Ford GT a collectible car that enthusiasts the world over respect and put in the same league as Ferrari, Lambo, etc?? Absolutely. Is this car any more special and deserving of a higher price tag than a 458 Speciale, a 675 LT, or Huracan Performante? I find it hard to make a case for it.

Hahahahaha. :lol:

I think you need to check Speciale and 675 LT values.... :AH-HA:

McLaren's resale is dog$h!.. I know Ferrari's all tend to hold their value. 

It doesn't take much shopping around to see the depreciation of Mclarens compared to any Ferrari or GTs.

Also, because the 675LT is a stripped down/track-ier version of the 650S wouldn't the 650S be more a long the lines of a GT/488 competitor? Or are we comparing to the 675LT because of price?

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22 minutes ago, ccap41 said:

McLaren's resale is dog$h!.. I know Ferrari's all tend to hold their value. 

It doesn't take much shopping around to see the depreciation of Mclarens compared to any Ferrari or GTs.

Also, because the 675LT is a stripped down/track-ier version of the 650S wouldn't the 650S be more a long the lines of a GT/488 competitor? Or are we comparing to the 675LT because of price?

Why on earth would you compare the GT to a standard 650S? :confused0071:

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"standard" just means it has a full interior and doesn't have tacked on larger carbon fiber pieces extending off the front and rear of the car. Oh, and 25hp. The 675LT doesn't come with A/C standard either.

Why does the GT have to be compared to the 675LT? It's an honest question.

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FYI has anyone noted the word going around GM bought back the Cerv 1 at Barrett Jackson last week for $1.3m. 

This a great indication they may be preparing the launch of the C8 Zora. What better car to use to introduce the new car than the first mid engine Chevy Zora himself built and drove. I can see a intro and marketing program using the two cars together. Too bad the Cerv 2 is not for sale. 

GM should have never let them get away in the first place. 

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lol that's what investors want to see. 1.3m thrown out the door as a prop for a new vehicle introduction. 

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The thing is Mclaren and Ferrari need to sell their supercars to earn a living, Ford doesn't need the GT, they built it around the legacy of the historic win in 1966, and this car truly will be limited.

 

Mclaren has a whole family of vehicles so does Ferrari. But there is only one GT. 

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4 minutes ago, Suaviloquent said:

The thing is Mclaren and Ferrari need to sell their supercars to earn a living, Ford doesn't need the GT, they built it around the legacy of the historic win in 1966, and this car truly will be limited.

 

Mclaren has a whole family of vehicles so does Ferrari. But there is only one GT. 

So much for Ferrari heritage...

http://ls1tech.com/articles/ferrari-308-ls-swap/

308gt4TwinTurboLS-4-640x853.jpg

http://www.lsxmag.com/news/swap-insanity-ferrari-360-gt-powered-by-1000-horsepower-ls-engine/

dreamg2.jpg

 

This is about the Ford GT...

However, this also goes to show you how whoring out your brand does to the respect aspect...

Like you said Suave, there is only 1 Ford GT...

And with that being said, I change my mind about the Corvette being its own brand.

It dont need to be its own brand...people respect it the way it is now...

Screen-Shot-2012-07-17-at-1.43.57-PM.jpg

So much so, that newer Porsches and Ferraris prefer the Vette's heart!

 

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11 hours ago, oldshurst442 said:

So much for Ferrari heritage...

http://ls1tech.com/articles/ferrari-308-ls-swap/

308gt4TwinTurboLS-4-640x853.jpg

http://www.lsxmag.com/news/swap-insanity-ferrari-360-gt-powered-by-1000-horsepower-ls-engine/

dreamg2.jpg

 

This is about the Ford GT...

However, this also goes to show you how whoring out your brand does to the respect aspect...

Like you said Suave, there is only 1 Ford GT...

And with that being said, I change my mind about the Corvette being its own brand.

It dont need to be its own brand...people respect it the way it is now...

Screen-Shot-2012-07-17-at-1.43.57-PM.jpg

So much so, that newer Porsches and Ferraris prefer the Vette's heart!

 

LS engine swaps in these auto's are very common in Washington. You have the RIch people buy these auto's till the engines blow and they get rid of them cheap and then others who love the body style but want an easy to work on and cheap to repair engine swap out for an LS. Jeep Wrangler owners do this all the time as do many others due to the ease of fitting a small block V8 into so many various cars, trucks, SUV's.

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      Press Release is on Page 2


      FORD LAUNCHES ITS FIRST PLUG-IN HYBRID VEHICLE FOR POLICE AND GOVERNMENT CUSTOMERS
      New Ford police vehicle debuts offering battery-only electric mode, plus the driving range of a gasoline-electric hybrid New vehicle designed for police and fire chiefs, detectives, and other non-pursuit law enforcement personnel 7.6-kilowatt-hour lithium-ion battery propels new police Special Service Plug-In Hybrid Sedan up to 21 miles on a charge and up to 85 mph on battery power alone; new offering brings the added flexibility of a full hybrid-electric powertrain with a range surpassing 500 miles DEARBORN, Mich., Nov. 20, 2017 – Earlier this year, Ford revealed the world’s first-ever pursuit-rated hybrid police vehicle. Today, the company is giving law enforcement an even more efficient option with the reveal of a plug-in hybrid vehicle capable of driving up to 21 miles without a drop of gas.
      The Special Service Plug-In Hybrid Sedan, the first plug-in hybrid police vehicle from Ford, is designed for police and fire chiefs, detectives, and other government personnel whose jobs don’t require a pursuit-rated vehicle.
      “This is the first Ford police vehicle that can potentially get through an entire shift using no gasoline whatsoever,” said Stephen Tyler, Ford police brand marketing manager. “Anyone can plug this in to any wall outlet to run gas- and emissions-free on battery-only operation.”
      The vehicle’s 3.3-kilowatt onboard charger allows agencies to fully charge the 7.6-kilowatt-hour battery in just 2.5 hours on a 240-volt, level-two charger. But Ford is confident most agencies won’t need anything more than a regular 120-volt wall outlet to recharge. The lithium-ion battery can move the vehicle up to 21 miles on a single charge and up to 85 mph on battery power alone. Once the battery runs down, the vehicle is powered by its gasoline-electric hybrid powerplant – with a range surpassing 500 miles – eliminating any concerns of range anxiety typically associated with battery-only electrics.
      The custom interior features heavy-duty cloth front seats with reduced bolsters, for officer comfort, and rear anti-stab plates, plus vinyl rear seating and flooring. Other highlights include a reinforced top tray for mounting equipment, metal console mounting plate, red and white task lighting in the overhead console, police engine-idle feature, unique alloy wheels and an auxiliary power distribution box in the trunk.
      Several unique options are available for the Special Service Plug-In Hybrid Sedan, including a driver spot lamp, a trunk storage vault, trunk ventilation system, and a rear door control-disabling feature. A special dark-car feature turns off interior lighting and allows the dash cluster to be dimmed 100 percent for surveillance, and several emergency lighting packages like those found on other Ford police vehicles are also available.
      The new Special Service Plug-In Hybrid Sedan joins two other Ford police vehicles revealed this year – Ford Police Responder Hybrid Sedan and F-150 Police Responder. Recently, both successfully completed rigorous testing conducted by Michigan State Police at Grattan Raceway in Belding, Michigan, and Los Angeles County Sheriff’s Department at Auto Club Speedway in Fontana, California.
      Customers will be able to order the Special Service Plug-In Hybrid Sedan in December with sales starting next summer.

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    • By William Maley
      Ford has quietly ended production of the C-Max Energi plug-in hybrid and will be ending C-Max Hybrid production sometime next year at their Michigan Assembly Plant in Wayne, MI.
      "Ford C-Max Energi production has ended," said Dan Jones, Ford's North America Car Communications Manager to Green Car Reports.
      "We will continue to make C-Max Hybrid [models] at [the] Michigan Assembly Plant until mid-2018."
      The C-Max Hybrid and Energi were introduced in late 2012 as 2013 model year vehicles to take on the likes of the Toyota Prius. But the two models would be hit with a double whammy. First was a number of complaints and lawsuits from owners saying the real-world fuel economy didn't match up with EPA figures. Ford would revise the numbers for the hybrid twice, while the Energi would only be adjusted once. The second was the decline in sales. In 2013, Ford would sell 35,210 C-Max models. So far in 2017, Ford has only moved 15,512 models.
      Source: Green Car Reports

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    • By William Maley
      Ford has quietly ended production of the C-Max Energi plug-in hybrid and will be ending C-Max Hybrid production sometime next year at their Michigan Assembly Plant in Wayne, MI.
      "Ford C-Max Energi production has ended," said Dan Jones, Ford's North America Car Communications Manager to Green Car Reports.
      "We will continue to make C-Max Hybrid [models] at [the] Michigan Assembly Plant until mid-2018."
      The C-Max Hybrid and Energi were introduced in late 2012 as 2013 model year vehicles to take on the likes of the Toyota Prius. But the two models would be hit with a double whammy. First was a number of complaints and lawsuits from owners saying the real-world fuel economy didn't match up with EPA figures. Ford would revise the numbers for the hybrid twice, while the Energi would only be adjusted once. The second was the decline in sales. In 2013, Ford would sell 35,210 C-Max models. So far in 2017, Ford has only moved 15,512 models.
      Source: Green Car Reports
    • By William Maley
      Ford has announced a new joint venture with Chinese automaker Zotye on affordable electric vehicles for the Chinese market.
      Named Zotye Ford Automobile, the venture will see the two automakers develop and manufacture electric vehicles for a new brand. Ford and Zotye will be investing a total of 5 billion RMB (about $756 million) on this venture. Part of that investment will go towards a new manufacturing plant in the Zhejiang Province. The two automakers will also work on mobility solutions.
      “We are delighted to have signed this joint venture agreement with Zotye to form our third joint venture automotive company in China. Subject to regulatory approval, Zotye Ford will introduce a new brand family of small all-electric vehicles," said Peter Fleet, Ford group vice president and president of the Asia Pacific region.
      Zoyte knows a thing or two about selling EVs in China. The company has sold 22,500 small EVs within the first 10 months of the year. Zoyte is also very infamous for building the T700 which is a copy of the Porsche Macan crossover.
      Source: Ford
      Press Release is on Page 2


      FORD AND ZOTYE SIGN DEFINITIVE JV AGREEMENT IN CHINA TO MEET GROWING DEMAND FOR ALL-ELECTRIC VEHICLES
      Ford and Zotye signed a definitive joint venture agreement to establish Zotye Ford Automobile Co. Ltd., a new 50:50 joint venture that will offer a range of stylish and affordable electric vehicles for consumers in China Pending regulatory approval, the new JV will develop and manufacture all-electric vehicles under a new Chinese brand Zotye Ford also plans to build a new manufacturing plant in Zhejiang Province. A new dedicated sales and service network also will be established Ford and Zotye also will explore the opportunity to offer new mobility services in China to help provide solutions for emerging transportation challenges Beijing, Nov. 8, 2017 -- Ford Motor Company and Zotye today reached a definitive agreement to establish Zotye Ford Automobile Co., Ltd., a new 50:50 joint venture that will offer a range of stylish and affordable all-electric vehicles for consumers in China under a new indigenous brand.
      The agreement was signed in Beijing today by Peter Fleet, Ford group vice president and president, Ford Asia Pacific, and Ying Jianren, chairman of Tech-New Group Ltd. and board director of Zotye Auto.
      Pending regulatory approval, the new JV will design, build, market and distribute all-electric passenger vehicles for China, the world’s leading electric vehicle market. The establishment of the JV is a key step by Ford towards realizing its vision of a cleaner, more environmentally-sustainable future. The new JV will leverage a combined investment of 5 billion RMB (approximately U.S. $756 million).
      The new JV builds upon Ford’s ambitious China electrification strategy. Ford announced earlier this year that at least 70 percent of Ford-branded vehicles sold in the country will offer electrified powertrain options by 2025.
      Zotye Ford plans to build a dedicated product research and development center as well as its own sales and services network. A new manufacturing plant for the JV will be constructed in Zhejiang Province. The all-electric vehicles produced by the JV will be sold under a new Chinese brand designed to meet Chinese consumers’ aspirations for electric vehicles.
      “We are delighted to have signed this joint venture agreement with Zotye to form our third joint venture automotive company in China. Subject to regulatory approval, Zotye Ford will introduce a new brand family of small all-electric vehicles," Fleet said. "We will be exploring innovative vehicle connectivity and mobility service solutions for a new generation of young city-dwelling Chinese customers."
      In addition to the new JV, Ford and Zotye will explore offering mobility services to consumers in China as local demand for such solutions continues to grow.
      Through this new JV, Ford commits to actively support the advancement of a more environmentally sustainable auto industry in China through local research and development as well as domestic production of all-electric vehicles.
      Zotye Auto is a pioneer in the Chinese all-electric vehicle segment. It is the market leader in China’s all-electric small vehicle segment and sold more than 22,500 all-electric vehicles year-to-date through October, representing a growth of over 14 percent year-over-year. The JV will benefit from Zotye’s expertise in designing and commercializing EVs in China, and Ford’s global product development and technology capabilities.
      “This is an important day for Zotye as we partner with Ford to help advance the growth of the Chinese auto industry,” said Zotye’s Ying. “We will work closely together to help meet Chinese consumers’ growing demand for electric vehicles.”
      Upon its establishment, the new JV will expand Ford’s footprint in China. Ford already operates successful vehicle joint ventures with Changan Ford Automobile Corporation, Ltd. and Jiangling Motors Corporation. Ford will continue working closely with its JV partners to develop and manufacture New Energy Vehicles to meet rising consumer demand in China during the impending electrification phase of the Chinese auto industry.

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