Tag: boosts

Investment News

Ford boosts investment in electric and autonomous vehicles to $29 billion through 2025

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  • Ford CFO John Lawler said the company is forecasting it will earn between $8 billion and $9 billion in adjusted pretax profits this year.
  • Its adjusted free cash flow is estimated at between $3.5 billion and $4.5 billion for 2021.
  • That doesn’t factor in a global shortage in semiconductor chips that could lower Ford’s earnings by $1 billion to $2.5 billion this year.



a person standing in front of a car: Visitor walk past a Ford Escape Titanium at the Shanghai Auto Show in Shanghai on April 17, 2019.

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Visitor walk past a Ford Escape Titanium at the Shanghai Auto Show in Shanghai on April 17, 2019.

DETROIT — Ford Motor plans to invest $29 billion in electric and autonomous vehicles through

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Investment News

Ford reports loss in Q4, boosts investment in electric cars

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  • Ford reported its earnings for the final quarter of 2020 on Thursday. 
  • The automaker reported a $2.8 billion net loss in the fourth quarter. 
  • It also said it’s “doubling down” on electric vehicles, and committed billions to electrification.
  • Visit the Business section of Insider for more stories.

Ford on Thursday more than doubled the amount of money it plans to invest in electric and autonomous vehicles to $29 billion, even as it posted a fourth-quarter net loss of $2.8 billion.

The No. 2 US automaker also said the global semiconductor chip shortage could lead to a 10% to 20% loss

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