Ford Motor Co to Increase Investment in Electric Vehicles to $ 29 Billion by 2025

Ford's US rival General Motors stated in November that it would increase its investment in electric vehicle production to $ 27 billion. Ford will now also increase its own investment. The automaker said on Thursday that increasing its investment in electrification and autonomous driving technology to $ 29 billion represents a massive investment in the automaker's future as the two American automakers prepare to take on Tesla's Volkswagen, BMW's rivals in the electric vehicle segment.