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Ford boosts investment plan for EVs and self driving vehicles, reports loss

Ford boosts investment plan for EVs and self driving vehicles, reports loss

· 02/04/2021 16:11
Ford boosts investment plan for EVs and self driving vehicles, reports loss

- Ford Motor Co F.N on Thursday boosted the amount of money it plans to invest on electric and autonomous vehicles to $29 billion even as it posted a fourth-quarter net loss of $2.8 billion.

The No. 2 U.S. automaker also said the global semiconductor chip shortage could lead to a 10% to 20% loss in first-quarter production.


(Reporting by Ben Klayman and Paul Lienert in Detroit; Editing by Dan Grebler)

((benjamin.klayman@thomsonreuters.com; 313-600-2277; Reuters Messaging: benjamin.klayman.thomsonreuters.com@reuters.net))