Friday, 24 March, 2023

Ford to add $20B more on top $30B to facilitate EV development

<p>Ford, earlier, had stated that it will be investing about $30B in its autonomous and electric vehicles by 2025. Now Ford is adding $20B more to restructure its business. Former Apple and Tesla executive, Doug Field will be the man in charge of this restructure. The main focus will be to convert existing gas-powered factories to EV production as well as to hire more engineers. With this, the company is trying to get closer to the current most valuable EV company, Tesla.</p>