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Ford investing over $1.45B in 2 manufacturing plants

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Ford investing over $1.45B in 2 manufacturing plants

Ford Motor Co. is investing more than $1.45 billion in two Michigan manufacturing plants that will create 3,000 jobs, the automaker said Dec. 17.

About $750 million and 2,700 new jobs will go to its manufacturing facility in Wayne, Mich., over the next three years, Ford said in a news release. New equipment will support production of the Ford Bronco SUV and Ford Ranger pickup truck. The automaker will also create a modification center at the plant.

The modification center will complete Ford's first autonomous vehicles beginning in 2021 along with modifying the Bronco and Ranger models for customers, according to the release. Ford has said the new Bronco will also have a hybrid variant.

The automaker will invest about $700 million and add 300 jobs at its Dearborn manufacturing plant to support the production of electric versions of the F-150 pickup truck, including a hybrid and fully electric F-150. As part of the investment, the plant will also assemble battery cells into a battery pack for the electric F-150 models. The F-150 hybrid will debut in 2020 with the fully electric version soon after, Ford said.

"At Ford, we are investing aggressively in building on our strengths today — including trucks and SUVs — while at the same time expanding our leadership into electric and autonomous vehicles," Joe Hinrichs, Ford's president of automotive, said.

Ford in 2018 announced that it was investing $11 billion in electrification through 2022.