Ford Wants to Rattle Rivals

 Ford Motor Company Report said that it plans to build the next generation of the Mustang Coupe, the iconic vehicle that hit the road in 1964 and kept on going.

As the automaker looks to hire more people, expanded its facilities and introduce a new electric commercial vehicle.

Ford didn't go into detail about the new EV, other than to say that production will begin mid-decade at an existing Ohio plant

but the news is sure to catch the attention of Tesla  (TSLA) - Get Tesla Inc Report and other automakers looking to get a piece of that action.

Ford said it will invest $3.7 billion in new facilities in Michigan, Ohio and Missouri, most of it focused on EVs

while creating an estimated 74,000 new direct and indirect new jobs.

Some proposed class-action suits allege pump-and-dump schemes involving celebrity promoters.

The company will adapt plants to build the new commercial electric vehicle and new versions of the gas-powered Mustang and Ranger.

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