Ford settles US van tariff dispute
To pay $365m
Source: just-auto.com
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The automaker is channeling US$30 billion toward EV development, with two all-new electric platforms due out soon
Ford Motor Co (F.N) on Wednesday outlined plans to boost spending on its electrification efforts by more than a third and said it aims to have 40% of its global volume be all electric by 2030, sending shares up 6.8% to a near five-year high.