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Screenshot via Ford's release

Ford is offering a little more info about its upcoming long-range electric vehicle, saying it will unveil its "Mustang-inspired" electric SUV on Nov. 17 and teasing the outlines of the car.

Why it matters: Ford has been slower to move into EVs than some other auto giants, but it's now pouring billions of dollars into the effort to develop a number of vehicles — including an electric F-150.

  • It's also working with VW and investing in the startup Rivian.
  • The company says the "Mustang-inspired" SUV will have a range of roughly 300 miles.

Where it stands: "The new vehicle, which is also now rumored to be called 'Mach E,' has been spotted a number of times in recent months in testing camouflage," The Verge reports.

  • "There’s been speculation that it will cost around $50,000, come in short and long-range variants, and be available in rear or all-wheel-drive configurations," their piece adds

What's next: Via CNBC, Ford plans to have the vehicle available in U.S. and European dealerships next fall.

Go deeper

Coronavirus cases fall in 41 states

Expand chart
Data: The COVID Tracking Project, state health departments; Map: Andrew Witherspoon/Axios

New coronavirus infections fell by 16% over the past week — the third straight week of significant improvement.

Yes, but: The U.S. is still averaging roughly 165,000 new cases per day, meaning the virus is still spreading largely unchecked. And the rise of more contagious variants will ensure that Americans’ risk remains high.

Updated 3 hours ago - World

Biden reviews U.S. arms deals with Saudi Arabia and UAE

Trump struck several large arms deals with Mohammed bin Salman (L) and Saudi Arabia. Photo: Kevin Dietsch-Pool/Getty Images

The Biden administration has put on hold two big arms deals with Saudi Arabia and the United Arab Emirates which were approved in the final weeks of the Trump administration, a State Department official told Axios.

Why it matters: The sales of F-35 jets and attack drones to the UAE and a large supply of munitions to Saudi Arabia will be paused pending a review. That signals a major policy shift from the Trump era, and may herald sharp tensions with both Gulf countries.

Trump supporter found with pipe bombs accused of plot to attack Democrats

Five improvised explosive devices that the FBI says "were fully operational and could cause great bodily harm or injury if handled improperly." Photo: FBI/Justice Department

The FBI believes California Gov. Gavin Newsom (D) and the Bay Area headquarters of Twitter and Facebook were targets of a man facing federal explosives charges, according to a criminal complaint.

Driving the news: Prosecutors charged Ian Benjamin Rogers after finding weapons including five pipe bombs, 49 guns and thousands of rounds of ammunition following a Jan. 15 search of his Napa County home and auto repair business. His alleged goal was to ensure former President Trump remained in office.

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