Ford to use Mustang name for new electric SUV

Ford is releasing a vehicle bearing the Mustang name.

But it won't be a two-door muscle car.

It'll be an electric SUV that Ford said on Thursday will be called the Mustang Mach-E.

Ford said it will be releasing more than a dozen all-electric vehicles by 2022 as it moves away from traditional gas-powered cars.

And to power that initiative Ford is investing more than $11 billion.

The Mustang Mach-E will make its debut at an event on Los Angeles on Sunday, which is also when customers can start ordering the vehicle.

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