Ford to develop ride-hailing services, investing $4.5b in hybrid electric vehicles

Ford to develop ride-hailing services, investing $4.5b in hybrid electric vehicles

The corporate logo of Ford is seen at a Ford branch in Caracas March 27, 2015. REUTERS/Carlos Garcia Rawlins

Ford Motor Co is developing new ride-hailing services and investing $4.5 billion to expand its fleet of plug-in and hybrid electric vehicles, company executives said Thursday.

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