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Ford’s Money Trail – a Hint of More to Come?

Positive Future #52 (Feature photo – Bill Ford, Chairman of Ford and great grandson of Ford Founder Henry Ford – CCA SA 2.0 Generic) Ford made news recently when Ford Chairman – Bill Ford – announced the company was planning to spend $11 billion over the next 4 years on electrifying its powertrains and cars. Ford plans to have 24 hybrid electrics and 16 fully electric cars by 2022. Ford is not the only automaker in the race to electric. General Motors plans to have some 20 electrified vehicles roll out over the next five years. So why are automakers spending $ billions in research and development that will obsolete…

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