Ford invests $ 850 million in the production of electric vehicles

Ford invests $ 850 million in the production of electric vehicles

March 23, 2019 0 By autotimesnews

Ford has announced an investment of $ 900 million and the creation of an additional 900 jobs.

Last year, Ford promised to invest $ 11 billion in transforming its business and producing more electric and autonomous cars. Plans in Michigan are part of this transformation, said Joe Hinriks, president of Ford for global operations.

Ford is investing about $ 850 million in its factory in Flat Rock, Michigan, for the production of electric vehicles. Another 50 million dollars is intended for technology unmanned vehicles.

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Flat Rock Plant manufactures Mustang and Lincoln Continental cars. Next month, it was planned to cut the second shift and transfer affected workers to other nearby factories.

But the company’s latest statement means that by 2023 the plant will return to the second shift to produce a new, purely electric car. And also will continue the production of Mustang and Lincoln Continental.

Ford currently produces no clean electric vehicle. He stopped producing the electric version of the Focus at the same time when he stopped producing the gasoline version of this sedan last year.