Steel Markets
Ford Invests $3.7 Billion To Increase EV Manufacturing in Midwest
Written by Laura Miller
June 7, 2022
Ford Motor Co. is investing big to increase electrical vehicle production in the Midwest.
The Dearborn, Mich.-based automaker recently announced $3.7 billion in expenditures to increase manufacturing at plants in Michigan, Ohio, and Missouri.
The funding will support more than 6,200 new union jobs, and nearly 3,000 temporary UAW-Ford workers will be converted into permanent full-time employees, the company said in a joint statement with the United Auto Workers union.
Michigan plants will receive $2 billion in funds. This will increase production of the F-150 Lightning electric truck at the Rouge Electric Vehicle Center in Dearborn to 150,000 trucks per year. The Michigan Assembly Plant in Wayne will begin producing an all-new Ranger pickup, and the Flat Rock Assembly Plant will produce an all-new Mustang coupe. The company will also build a completely new, $35 million packaging facility in Monroe that will begin operations in 2024.
In Ohio, $1.5 billion will go towards assembly of all-new EV commercial vehicle at the Ohio Assembly Plant, and $100 million in funding will be split between the Lima Engine and Sharonville Transmission plants.
Missouri’s Kansas City Assembly Plant will see a $95 million investment to increase manufacturing of the Ford Transit and an all-new E-Transit electric van.
The announcements come a year ahead of 2023 contract negotiations between Ford and the UAW.
By Laura Miller, Laura@SteelMarketUpdate.com
Laura Miller
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