The Ford Motor Company is the US’s second-largest multinational automaker (behind General Motors). During the financial crisis in 2007, Ford came close to bankruptcy, but it has since returned to profitability.
In 2004, Ford introduced the Escape Hybrid. With this vehicle, Ford was third to market with a Hybrid EV and the first hybrid electric SUV to market. In 2018, Ford announced an $11 billion investment into EVs – aiming for Ford is investing $11 billion into EV development aiming for 16 full EVs and 24 hybrids by 2020.