Ford posts strong results, promises big bet on electric and self-driving cars

New York (CNN Business)Ford reported surprisingly good financial results at the end of a tough year, and said it was increasing its commitment to vehicles of the future with a big bet on electric and autonomous driving vehicles.

The company said it will invest $29 billion in EVs and AVs. It will require a bit of a catch-up by Ford, which just came out with its first EV in years, the Mustang Mach E.

https://edition.cnn.com/2021/02/04/business/ford-earnings-ev-investment/index.html