Ford Motor Co will significantly increase its planned investments in electric vehicles to $11 billion by 2022 and have 40 hybrid and fully electric vehicles in its model lineup, Chairman Bill Ford said on Sunday at the Detroit auto show. The investment figure is sharply higher than a previously announced target of $4.5 billion by 2020, Ford executives said, and includes the costs of developing dedicated electric vehicle architectures. Ford's engineering, research and development expenses for 2016, the last full year available, were $7.3 billion, up from $6.7 billion in ...
Ford aims to 'think big' with $11-bn investment, 40 EVs in lineup by 2022
The investment figure is sharply higher than a previously announced target of $4.5 bn by 2020, Ford executives said