TechCrunch Mobility: Ford’s big bet

Here is a 176-word summary of the news article: Ford's Big Bet Ford is making a major investment in the future of transportation, focusing on electric and autonomous vehicles. The company has committed over $11 billion to electrification efforts, including the launch of the Mustang Mach-E and F-150 Lightning electric models. Ford is also advancing its autonomous vehicle technology, partnering with Argo AI to develop self-driving systems. The automaker's shift towards electric and self-driving capabilities is a strategic move to adapt to changing consumer preferences and industry trends. As the transportation landscape evolves, Ford recognizes the need to stay competitive by embracing new technologies. This significant investment represents Ford's big bet on the future of mobility. The company is positioning itself to be a leader in the electric and autonomous vehicle markets, which are expected to see rapid growth in the coming years. The success of Ford's mobility initiatives will be crucial for the company's long-term competitiveness in the rapidly transforming automotive industry.