Ford Motor Co.

Ford goes 'all in' on electric cars with $11 billion investment

Ford goes 'all in' on electric cars with $11 billion investment

Ford Motor Co. will more than double spending on electrified vehicles, amplifying its investment in a segment that the auto industry sees growing from what's now just a fraction of the market.

The carmaker will shell out $11 billion bringing 40 electrified vehicles to market by 2022, Jim Farley, president of global markets, said during a presentation at the Detroit auto show. That's up from the $4.5 billion that Ford said in late 2015 it would invest through the end of the decade.

"This $11 billion you're seeing, that means we're all in now," Executive Chairman Bill Ford told reporters in Detroit. "The only question is will the customers be there with us and...

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