The automaker’s investing another $5 billion in its electric vehicle business, hoping to drive much-needed sales growth while simultaneously fending off would-be Chinese competitors. The company made the announcement last week.
And, kudos. Most long-term shareholders would agree Ford needs to do something — anything — to light a fire under its lethargic stock. Ford shares are still priced where they were in 2002, after all, even if decent dividends have been paid for most of the meantime.
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