Ford Plans More Electric Cars

DETROIT ( TheStreet) -- Ford ( F) said it will build three electric cars at its retooled Michigan Assembly Plant in Wayne, Mich.

The plant, which once made large SUVs, has undergone a $550 million conversion in order to manufacture the Ford Focus. Ford said three hybrid or electric versions will follow.

"For years, I had this vision of a green Ford Motor Company, but we didn't have the technology before," Ford Executive Chairman Bill Ford told reporters Tuesday, according to The Detroit Free Press. "Now we are electrifying mainstream vehicles."

Ford's redesigned Focus will be followed by a battery-powered Focus Electric in 2011 and by two hybrid vehicles in 2012, The Free Press reported.

-- Written by Ted Reed in Charlotte, N.C.

>To contact the writer of this article, click here: Ted Reed

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