Ford Motor Co. Announces Plans To Add 3,000 US Jobs And Invest $1.45 Billion To Build New Vehicles
Ford Motor Co. is adding 3,000 jobs at two factories in the Detroit area and investing $1.45 billion to build new pickup trucks, SUVs and electric and autonomous vehicles.
The company said Tuesday that about $750 million will go to the Michigan Assembly Plant in the Detroit suburb of Wayne, where 2,700 jobs will be added during the next three years.
Another $700 million will be invested in the truck plant in Dearborn, Michigan, where 300 new jobs will be added.
Hiring will begin next year.
The large investment comes as the U.S. new vehicle sales cycle has peaked and appears to be leveling off around 17 million vehicles per year.
But Ford needs to make the investment in new products in an effort to increase market share and prepare for a shift to new propulsion and autonomous vehicle technologies.
World Premiere Spring 2020. pic.twitter.com/Zjf095d3fO
— Ford Motor Company (@Ford) November 1, 2019
The Wayne plant investment will be used to build the new Ford Bronco SUV as well as an all-new Ranger small pickup truck.
Investment at the plant also results in a new center to modify and support autonomous and other vehicles.
Ford says the Dearborn plant will get the next generation of the F-150 as well as hybrid and electric versions of the truck.
We’re proud to announce an investment of over $1.45 billion in two southeast Michigan manufacturing facilities. This will add 3,000 new jobs to strengthen our leadership in #FordTrucks and SUVS and support our expansion into #EVs and #AVs. pic.twitter.com/8l7G8GStUJ
— Ford Motor Company (@Ford) December 17, 2019
The investment includes battery assembly for electric trucks.
The F-150 is the top-selling vehicle in the U.S. and is Ford’s franchise, generating most of the company’s profits.
Workers at the Wayne plant will modify and finish Ford’s first autonomous vehicles starting in 2021, including the installation of self-driving technology and interiors built for autonomous travel, Ford said in a statement.
The truck plant in Dearborn will build the new trucks as well as assemble battery cells into full packs for the hybrid and electric F-150s.
Michigan’s economic-development arm, the Michigan Strategic Fund, on Tuesday approved tax incentives for Ford that are worth up to approximately $35 million.
The Western Journal has reviewed this Associated Press story and may have altered it prior to publication to ensure that it meets our editorial standards.
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