DETROIT (Reuters) – Ford Motor Co on Thursday boosted the amount of money it plans to invest on electric and autonomous vehicles to $29 billion even as 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.
Reporting by Ben Klayman and Paul Lienert in Detroit; Editing by Dan Grebler