Ford has reportedly more than doubled its investment in electric and self-driving vehicles to $29 billion throughout the next few years, even though it posted a fourth-quarter net loss of $2.8 billion. “The No. 2 U.S. automaker also said the global semiconductor chip shortage could lead to a 10% to 20% loss in first-quarter production, resulting in a potential hit to operating earnings of $1 billion to $2.5 billion,” said Autoblog. (Source: Autoblog) Read the original article.
Todd Phillips is the editorial director of Universus Media Group Inc. and the editor of Canadian auto dealer magazine. Todd can be reached at tphillips@universusmedia.com.
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