Car manufacturing giant Ford is now planning on to invest up to $20 billion as the brand seeks to step into the world of electric vehicles. The large sum then will only end up helping the car giant in reorganizing its operations in order to include EVs in the future.
In accordance with a report coming in from Bloomberg, the car manufacturer stated previously that it will spend around $30 billion in order to get into the electric manufacturing market and will spend this sum by 2025. In other words then, the latest news which has actually made its way happens to be in line with what we saw as the brand’s initial plans. It’s also interesting to note then the fact that Ford is also bringing about Apple and Tesla executive in Doug Field – who will then end up being the in charge of reorganization.
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The executive who previously belonged to Apple and Tesla will then end up overseeing the conversion of its factories, which happen to be gas based – to those of electric. Of course Dough has been in charge of some rather special projects down at Apple, so he does have experience and knowledge of the task ahead. He even worked as chief vehicle engineer down at Tesla – so he does come with a fair share of pedigree.
All in all though, the shift in focus from gas to electric will also see Ford hiring a number of engineers too. As things stand right now, Tesla happens to be the hottest company as far as electric vehicles are concerned, and Ford is struggling to catch up. Of course the brand is extremely well known all across the globe for its electric vehicles and does well in sales, however, as far as electric cars are concerned, things aren’t all that good.
