Steel Markets
June 7, 2022
Ford Invests $3.7 Billion To Increase EV Manufacturing in Midwest
Written by Laura Miller
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
