Ford will invest $900 million to boost its capacity to produce electric cars, creating 900 new jobs, the auto giant announces. The vast majority of that investment will go to reconfigure an underused Southeast Michigan plant.
Workers build a truck as it goes through the assembly line at the Ford Kentucky Truck Plant on Oct. 27, 2017 in Louisville, Kentucky.Get breaking news alerts and special reports. The news and stories that matter, delivered weekday mornings.Ford will invest $900 million to boost its capacity to produce electric cars, creating 900 new jobs, the auto giant announced Wednesday.
“We were always confident there would be growth in demand for electric vehicles,” Joe Hinrichs, Ford’s president of global operations, told NBC News. “As we take a closer look, we’re seeing more acceptance.” With rival Tesla showing that the market is more interested in long-range offerings, such as the Model 3, Ford is racing to catch up. Last week, at the same time Tesla webcast the unveiling of its new Model Y sport-utility vehicle, Ford issued a tweet teasing the first of its own long-range models, something it has described as a “Mustang-inspired” SUV.That long-range SUV will be produced at Ford’s Cuautitlan, Mexico, assembly plant, the first factory it is tooling up for all-electric vehicles.
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