Ford Motor Co., which pioneered the racy pony-car body style 55 years ago, will use the Mustang name and insignia on an electric crossover utility vehicle coming next year.
The automaker said it is expanding the Mustang stable for the first time with a model that will lead its charge in the electric-vehicle market dominated by Tesla Inc. The battery-powered Mustang Mach-E will be unveiled Nov. 17 at an event preceding the Los Angeles Auto Show.
