Ford says reservations for its new electric Mustang are full

(Reuters) – Ford Motor Co . (N:) said on Monday reservations for the first edition of its electric sport utility vehicle, Mustang Mach E, are full.

The No. 2 U.S. automaker unveiled the electric Mustang on Nov. 17, and began taking reservations with a re-fundable deposit of $500.

More than 80% of U.S. customers are reserving Mach-E with an extended range battery, while about 55% opted for all-wheel drive, Ford said in a statement.

The Mach E has become a high-profile test for a restructuring at Ford that has been marred by profit warnings, costly quality problems and the troubled launch this year of another important vehicle, the Ford Explorer sport utility.

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