Ford Starts Taking $500 Deposits For All-Electric Mustang Mach-E 

Ford is expected to reveal a new electric sport utility vehicle (SUV) for customers in the US, Canada, and Europe on Sunday.

Called the Mustang Mache-E, the "Mustang-inspired" SUV will debut at the 2019 Los Angeles Auto Show on Sunday, Nov. 17.

Specifications of the Mache-E are still limited, including the price and overall design. Ford has recently hinted that the SUV will have the same range as the Tesla Model Y.

The SUV will be part of a collection of about a dozen all-electric vehicles Ford plans to launch by 2022 as it shifts away from gasoline and diesel engines.

Several photos have emerged on social media showing the SUV wrapped in a camouflage vinyl material as it was tested on open roads.

One Twitter user has allegedly posted schematics of the new electric car, saying, "The body for Ford's Mustang-inspired Mach-E has surfaced online ahead of its premiere on Nov. 17. Power will reportedly be sourced from a dual-motor, all-wheel-drive powertrain and it will have over 300 miles of electric range."

Additional information on the Mach-E will be published on Ford's website after the unveiling at the Los Angeles Auto Show.

Ford has taken a page from Elon Musk and will start accepting $500 deposits for the electric vehicle as early as Monday, with delivery dates expected for sometime in 2020.