Ford just revealed its Mustang Mach-E SUV — the first new Mustang-branded vehicle since 1964 and a Tesla challenger (F)
Ford On Sunday, Ford revealed its much-anticipated, all-electric Mustang Mach-E SUV ahead of the official opening of the Los Angeles auto show. Ford also opened an online ordering site for the Mach-E, where vehicles could be reserved for a $500 deposit. The Mach-E is the first new vehicle to join the Mustang lineup since the iconic pony car's introduction in 1964. Ford said that the Mach-E can be outfitted with an extended-range battery and rear-wheel drive that could achieve 300 miles of range on a single charge. In an "all-wheel-drive configurations," Ford said, the "Mach-E is targeting 332 horsepower." The Mustang Mach-E is priced from $43,895, with high-performance version rising to more than $60,000. The vehicle should arrive in late 2020. Two performance versions of the Mustang Mach-E will also hit the market by 2021. The GT trim "is targeting 0-60 mph in under 4 seconds," Ford said. The GT Performance Edition "is targeting a ... 0-60 mph in the mid-3-second range." Horsepower for each is 459. The Mustang Mach-E will also get Ford's next-generation SYNC infotainment system, featuring a 15.5-inch central touchscreen. Sign up for Business Insider's transportation newsletter, Shifting Gears, to get more stories like this in your inbox. Visit Business Insider's homepage for more stories. LOS ANGELES — On Sunday, Ford Chairman Bill Ford and CEO Jin Hackett, with some help from Idris Elba (who worked at a Ford plant in England before he made it big), revealed the much-anticipated Mustang Mach-E. The all-electric SUV was controversial when announced. Mustang purists might not have wanted the pony car's iconic styling and nameplate applied to an electric vehicle, much less a crossover SUV. But Ford took the plunge and staged a Tesla-level extravaganza to introduce the newest Mustang to the world. Check out the Mustang Mach-E:The Mach-E's design is Mustang up front. Ford And Mustang in the back. The distinctive 'Stang fascia and rear taillights define the vehicle, along with the galloping pony icon on the grille. Ford The Mustang Mach-E evolved from sketches that show it was always going to be the 'Stang of all-electric crossovers. Ford "The Mustang Mach-E wholeheartedly rejects the notion that electric vehicles are only good at reducing gas consumption," Hau Thai-Tang, Ford's chief product development and purchasing officer, said in a statement. "People want a car that's thrilling to drive, that looks gorgeous and that can easily adapt to their lifestyle – and the Mustang Mach-E delivers all of this in unmatched style." See the rest of the story at Business InsiderSee Also:Shifting Gears: Tesla heads to Germany, more Boeing drama, and Uber insiders cash outThese are the 10 sports cars that have the best resale value 5 years after purchaseFord has a cult following in Europe, and its superfans take their love for the brand to the next levelFOLLOW US: On Facebook for more car and transportation content!