Ford Motor Company (F) Investing in Electric Vehicle Sales

Ford Motor Company (NYSE:F) has been invested in electric cars for several years – with results that might not be called tremendously positive in general but with certain pockets of success. Ford started out modestly in selling the vehicles, offering them on lots of 200 dealerships across the country, with concentrations in California and New York. Well, though the sales have been less than brisk, the company is apparently deciding to invest more capital in the burgeoning automotive segment.

Ford Motor Company (NYSE:F) announced that it is looking to boost sales of three models of electric cars by increasing the number of certified dealerships from 200 at the end of 2012 to 900 by spring, which would up the inventory of certified electric-vehicle dealerships to about one-third of the total number of Ford lots. These certified dealerships would have specially trained sales and service staff and would include at least two charging stations for these vehicles.

Ford Motor Company (F)In October, Ford Motor Company (NYSE:F) unveiled the new C-Max Energi hybrid, and the company reported selling more than 2,700 units in three months. That is actually more than four times the number of Focus Electric vehicles that were sold in the entire 2012 calendar year. This new investment is designed to highlight and boost sales of the C-Max Energi, the Focus Electric and the Fusion Energi vehicles. Besides the infrastructure investment, Ford is offering discounts of up to $10,000 on Focus Electric leases and $10,750 on Focus Electric leases. The company also said it would take $2,000 off the price of the Focus EV for cash sales, and is offering 1.9-percent financing through Ford Motor Credit.

What do you think of this investment by Ford Motor Company (NYSE:F)? How do you feel about the electric or hybrid vehicle market? Can these vehicles pay off in the long run? Let us know your thoughts in the comments section below.

DISCLOSURE: I won no positions in any stock mentioned.

Please see these related F articles:

Why Does Corporate America Want Higher Rates?

Incentives: Good or Bad for Ford and GM?

With Dividend Increase, Is Ford Stock Now a Buy?

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The World’s Most Famous Circuses

Best Hair Stylists

Most Popular NASCAR Drivers

The Best Romance Movies of all Time

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!