UPDATE 2-Ford to make use of Mustang identify for electrical SUV

(Recasts headline, first two paragraphs)

Nov 14 (Reuters) – Ford Motor Co will use the Mustang identify, up to now reserved for a muscle automobile, for an electrical recreation application car (SUV) that buyers in the USA, Canada and Europe can get started ordering on Nov. 17, the corporate stated on Thursday.

Ford showed its new electrical SUV will likely be known as the Mustang Mach-E forward of a debut match scheduled for Los Angeles on Sunday. Till now, the Mustang identify has been used best on a line of sporty coupes related to Detroit’s 1960s muscle automobile technology.

The SUV will likely be amongst a greater than dozen all-electric vehicles the corporate plans to release by way of 2022 with an funding of $11.five billion because it strikes clear of conventional gas-powered automobiles.

In April, the No.2 U.S. carmaker invested $500 million in electrical automaker Rivian and stated it deliberate to make use of the Michigan startup’s platform to construct a brand new Ford-branded electrical car.

A reservation for the Mustang Mach-E may also be made on Ford’s web site in the USA, Canada and Europe by way of paying a refundable deposit of $500, the corporate stated.

Ford stated it will announce reservation dates for China later. (Reporting by way of Ankit Ajmera in Bengaluru; Enhancing by way of Anil D’Silva and Mark Potter)

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