Ford has made a significant shift to electric vehicles and the company is increasing investment in production facilities where these vehicles will be made. The company has announced that it’s investing $850 million in its Flat Rock, Michigan assembly plant which it wants to make the hub of its EV production.
To that end, Ford will be hiring 900 employees gradually through 2023 and they will be Michigan-based, so the investment will create new jobs in the area. The $850 million investment is part of Ford’s $11.1 billion commitment to electric vehicles. It also includes funds that will be used for manufacturing Ford’s next-generation Mustang in Michigan.
Ford has already announced that it will be focusing on electric vehicles going forward. The company is currently working on both a hybrid and electric F-series truck, one of its most popular vehicles in the country, and it has also teamed up with VW to develop electric commercial vans and pickups.
“We’ve taken a fresh look at the growth rates of electrified vehicles and know we need to protect additional production capacity given our accelerated plans for fully electric vehicles,” Ford’s president of global operations Joe Hinrichs said in a press release. Ford will also be completing its first self-driving cars in southeast Michigan and they will be available in 2021.
Filed in . Read more about Ford. Source: media.ford