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Ford adds production of electric vehicles at second North American site
Source: Reuters
BUSINESS NEWS MARCH 20, 2019 / 11:07 AM / UPDATED 42 MINUTES AGO
Ford adds production of electric vehicles at second North American site
Ben Klayman
3 MIN READ
DETROIT (Reuters) - Ford Motor Co said on Wednesday it is adding production of a fully electric vehicle at a second North American plant as part of its $11 billion investment plan set last year.
The No. 2 U.S. automaker said it is investing about $900 million in southeast Michigan and creating 900 jobs through 2023 as part of its electric vehicle push. That includes a plan to invest more than $850 million to expand production capacity at its Flat Rock, Michigan, plant to build EVs.
“When we were taking a look at our $11 billion investment in electrification, it became obvious to us that we were going to need a second plant in the not-too-distant future to add capacity for our battery electric vehicles,” Joe Hinrichs, Ford’s president of global operations, said in a telephone interview.
Ford is negotiating an alliance with Germany’s Volkswagen AG to work together on electric and autonomous vehicles. Hinrichs said those talks have been positive, but that there was nothing to announce.
-snip-
Ford adds production of electric vehicles at second North American site
Ben Klayman
3 MIN READ
DETROIT (Reuters) - Ford Motor Co said on Wednesday it is adding production of a fully electric vehicle at a second North American plant as part of its $11 billion investment plan set last year.
The No. 2 U.S. automaker said it is investing about $900 million in southeast Michigan and creating 900 jobs through 2023 as part of its electric vehicle push. That includes a plan to invest more than $850 million to expand production capacity at its Flat Rock, Michigan, plant to build EVs.
“When we were taking a look at our $11 billion investment in electrification, it became obvious to us that we were going to need a second plant in the not-too-distant future to add capacity for our battery electric vehicles,” Joe Hinrichs, Ford’s president of global operations, said in a telephone interview.
Ford is negotiating an alliance with Germany’s Volkswagen AG to work together on electric and autonomous vehicles. Hinrichs said those talks have been positive, but that there was nothing to announce.
-snip-
Read more: https://www.reuters.com/article/us-ford-motor-electric/ford-adds-production-of-electric-vehicles-at-second-north-american-site-idUSKCN1R11V3
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