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Exclusive: Ford announces $11 billion investment in electric vehicle production

02:25

Ford announced to NBC News exclusively that it’s going all-in on electric vehicles, pledging that within nine years, 40 percent of its fleet will be battery powered. The company will spend $11 billion to build new plants in Tennessee and Kentucky and hire 11,000 new workers. Chairman Bill Ford Jr. says that Ford is “on the cusp of a revolution.”