Ford Motor Partners with Deutsche Post

Shares of Ford Motor were higher nearly 1% in pre-market trade Wednesday after Deutsche Post said its StreetScooter unit formed a partnership with Ford-Werke GmbH to build electric delivery vehicles.

The companies said the new vehicles will be based on the chassis of the Ford Transit and will be equipped with a battery-electric drive train. Production of the new vehicles is slated to begin in July with plans to have at least 2,500 vans build by the end of 2018.

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