Ford Investing Heavily in EVs, AVs, and Next-Gen Mustang Production
Ford Motor Co. announced on Wednesday that $850 million is set to go towards their Flat Rock plant to create electric vehicle production capabilities at the location. This move will result in the addition of a second shift and 900 jobs through 2023.
Ford also revealed plans for a facility in Southeast Michigan that will focus on autonomous vehicle production starting in 2021.
The EVs set to be built at the Flat Rock location isn’t the Mustang-based utility vehicle that is reportedly scheduled to debut in 2020, as that vehicle will be built in their Cuautitaln, Mexico plant. However, it comes as no surprise that Ford is working to add EV-production capabilities to their plants. They announced in January 2018 that they plan to invest $11 billion in electric vehicles through 2022, with their offerings projected to include 40 hybrid and fully electric vehicles by that time.
“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,” said Joe Hinrichs, Ford’s president, Global Operations.
A link to the official Ford Release is below: