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interests / alt.politics / Republican Outraged as Ford To Invest An Additional $20 Billion In Electric Cars

Republican Outraged as Ford To Invest An Additional $20 Billion In Electric Cars

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From: jth...@gmail.com (Trumpite Shitbag)
Newsgroups: alt.fan.rush-limbaugh,talk.politics.misc,alt.politics
Subject: Republican Outraged as Ford To Invest An Additional $20 Billion In Electric Cars
Date: Mon, 21 Mar 2022 13:18:43 -0000 (UTC)
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by: Trumpite Shitbag - Mon, 21 Mar 2022 13:18 UTC

Ford to Spend Up to $20 Billion
Reorganizing for Shift to Electric Cars
February 1, 2022

Ford Motor Co. is planning a major
reorganization to prepare for the
electric future, using Tesla Inc.'s
success as a road map and accelerating
EV spending by as much $20 billion.

The effort, led by a former Apple Inc.
and Tesla executive, calls for Ford
to spend an additional $10 billion to
$20 billion over the next five to 10
years converting factories worldwide
to electric-vehicle production from
making gasoline-powered cars,
according to people familiar with the
plan. That would be on top of the $30
billion Ford already has committed to
EVs through 2025.

The move is part of Chief Executive
Officer Jim Farley's initiative to
challenge Tesla's dominance in EVs
even as he takes pages from the
playbook of the electric-vehicle
pioneer, now the world's most
valuable automaker. Investors have
bought into Farley's vision for Ford,
briefly lifting the company's market
value above $100 billion in January.

https://www.bloomberg.com/news/articles/2022-02-01/ford-to-spend-up-to-2
0-billion-reorganizing-for-shift-to-evs?sref=ExbtjcSG

Subject	Author
Republican Outraged as Ford To Invest An Additional $20 Billion In Electric Cars	Trumpite Shitbag