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Ford Goes `All In’ on Electric Cars with $11 Billion Investment

Jan. 16, 2018, 2:49 PM

Ford Motor Co. will more than double spending on electrified vehicles, amplifying its investment in a segment that the auto industry sees growing from what’s now just a fraction of the market.

The carmaker will shell out $11 billion bringing 40 electrified vehicles to market by 2022, Jim Farley, president of global markets, said during a presentation at the Detroit auto show. That’s up from the $4.5 billion that Ford said in late 2015 it would invest through the end of the decade.

“This $11 billion you’re seeing, that means we’re all in now,” Executive Chairman Bill Ford told reporters ...