Car manufacturer Ford is betting big on electric and autonomous vehicles.
During an earnings call last week, the company’s top executives announced the automaker would be increasing its investment in electric and autonomous vehicles from $11.5 billion through 2022, to $29 billion through 2025. Ford said it plans to spend $22 billion on electric vehicles and $7 billion on autonomous cars. The $22 billion includes $7 billion that the company has already spent since 2016.
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