Ford to spend $11B on electric vehicles through 2022

Ford to spend $11B on electric vehicles through 2022

Fox Business Briefs: Automaker says it will now spend $11 billion on electric vehicles through 2022. Ford ( F ) will now spend $11 billion on electric vehicles through 2022, increasing its previous estimates as it races to catch up on battery-powered cars. Ford previously committed $4.5 billion dollars on electric vehicles by 2020 and then added an additional $500 million dollars. Ford plans to offer a "very wide range" of electric vehicles in Europe and the U.S., including an electric sports car scheduled to arrive in 2020. Google ( GOOGL ) has removed from its Google Play Store […]