The disappointing outlook underscores the higher costs that Ford has been spending on developing self-driving and electric cars to keep pace with pioneers like Tesla Inc . The No. 2 U.S. automaker by sales volume is far behind Tesla in the development of electric car technology. A recent rally in Tesla’s shares have taken its market capitalization to $160 billion, nearly four times that of Ford’s valuation, despite having sales volumes that are less than 10% of Ford. …read more
Source:: Yahoo Finance
