Gearhead News

February 6, 2021
Ford ups investment in self-driving and electric cars to $29B

Ford plans to spend up big in the areas of electric vehicles and self-driving technology, CEO Jim Farley said Thursday during a conference call detailing the automaker’s 2020 financial results. Key measures mentioned by the new Ford CEO include an increase in spending on EVs to $22 billion through 2025, up from a previously announced $11.5b. The… [#item_URL]