NEW YORK – Ford announced Thursday a dramatic acceleration of its investment push into electric autos and signaled deepening collaborations with technology giants on the increased digitisation of driving.
The US auto giant, released fourth-quarter and annual results, and said it plans $22 billion in electric car investment through 2025, nearly twice the earlier plan.
The announcement is the latest big bet on electric autos by a legacy automaker in the wake of upstart Tesla’s growth and in anticipation of Biden administration initiatives to encourage emission-free vehicles.
Last week, Ford’s rival General Motors set a target of having most of its fleet emissions-free by…
