Ford to make new investment of up to US$20 billion in EV push, says Bloomberg News

📆 01/02/2022 23:57:00
📰 globeandmail

⏱ Reading Time:
22 sec. here
2 min. at publisher
📊 Quality Score:
News: 12%
Publisher: 92%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

The investment of US$10 billion to US$20 billion will be spread out over the next five to ten years and will include converting Ford’s present factories around the world to electric-vehicle production

is planning additional investment of up to US$20 billion in building its electric vehicles, Bloomberg News reported on Tuesday.

Under a plan dubbed “Ford+” meant to have investors value it more like a technology company, the No. 2 U.S. auto maker had already pledged to spend over US$30 billion on EVs, including battery development, by 2030. Major auto makers from General Motors Co, Ford and Volvo Cars are swiftly making changes to take their piece of the pie in a competitive EV space and fight against electric car challenger Tesla Inc.

Write Comment

Do You know that you can make up to $10,000 in mining directly to your Doge wallet, bank account or any withdrawals details you wish to inbox to know more

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Liberals, industry groups look to solve supply-chain issues, and prevent future woesThe federal transport minister says the government plans to create a suite of policy responses to help ease pandemic-strained supply chains and prevent future flare-ups. Vermin! Seriously! How about supporting Made in Canada products!
Source: CTVNews - 🏆 1. / 99 Read more »