Ford says will nearly double electric auto investment

New York (AFP) – Ford announced Thursday it is accelerating its investment in electric cars, but cautioned that the industry-wide shortage of semiconductors would pinch profits in 2021. 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 …

Read More

HEDGE accordingly