How Ford will get more fuel into its fleet
Ford will spend about $3 billion to buy up to 4 million more fuel-efficient vehicles by 2025, including the Ford Ranger, Ford Ranger X, and Ford Ranger S, the automaker announced on Wednesday.
The investment comes after Ford spent $8.8 billion in 2016 to buy fuel-saving cars and trucks, including a $3.6 billion investment in the 2017 model year.
Ford said it will buy about 4.3 million vehicles in 2025, but it has not provided an exact figure for the amount of fuel-efficiency vehicles it plans to buy.
Ford, the nation’s largest automaker, has been investing heavily in its fuel-economy programs, including in its fleet of trucks.
The company plans to invest about $2 billion in the next three years to upgrade fuel-savings systems and buy new cars and SUVs.
Ford’s purchase of the vehicles was the largest in U.S. history.