Ford to invest up to $20 billion in EV push- Bloomberg News

📆 2/1/2022 10:06 PM
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:Ford Motor Co is planning new investment of up to $20 billion in building its electric vehicles, Bloomberg News reported on Tuesday.The additional investment will be spread out over the next five to ten years and will include converting its present factories around the world to electric-vehicle production, t

:Ford Motor Co is planning new investment of up to $20 billion in building its electric vehicles, Bloomberg News reported on Tuesday.

The additional investment will be spread out over the next five to ten years and will include converting its present factories around the world to electric-vehicle production, the report https://bit.ly/3L4LFxS said, citing people familiar with the plan. The EV push is being led by a former Apple Inc and Tesla executive who joined the auto maker to steer its advanced technology and embedded systems efforts, the report added.

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