Ford With Another Big Move, Investing USD 3.7 Billion Across Eight Production Facilities

Having previously proclaimed its shift into a digital future, the Blue Oval makes another big move with an investment across eight production facilities worth USD 3.7 billion (RM 16,233,750,000).

Said investment will be used to expand production facilities, launch new models, and improve customer service. 

Namely, facilities across Michigan, Ohio, and Missouri. As for the new launches, Ford teased all-new Ranger, Mustang, and commercial EV models.

To break it down, out of the total investment, USD 2 billion (RM 8,775,000,000) will be funneled into Ford's home state of Michigan.

This is because the F-150 Lightning’s early success has Ford scrambling for capacity to build 150,000 of the all-electric trucks annually in Dearborn.

Plus, new Ranger pickups and Mustang coupes will also be produced at the Michigan plants in Wayne and Flat Rock, respectively.

Next, the factories in Ohio will receive USD 1.5 billion (RM 6,582,000,000), allocated between plants in Sheffield, Lima, and Sharonville.

Currently, the facility in Sheffield is responsible for assembling Super Duty F-Series trucks and E-Series vans, however, the facility is slated to become home to Ford's new commercial EV.

Lastly, the plant in Kansas City, Missouri, home of the Transit van, is getting USD 95 million (RM 416,860,000) to upsurge production volumes for the Transit and all-electric E-Transit models.

Ford Motor Company’s executive chairman, William Clay Ford Jr., remarked, “This investment only deepens our commitment to building great new vehicles. From an all-new Mustang to new EVS, right here in the U.S.”

On that note, it's not surprising that Ford is increasing their EV production. The F-150 Lightning and Mustang Mach-E have been successful, both selling out for the 2022 model year. 

At the same time, sales for the recently launched E-Transit is growing, which had its best month yet in May, with 874 units sold. Ford's Mach-E also posted its best month yet, with 5179 units sold.

The company’s goal to produce two million electric vehicles by 2026 depends on its ability to ramp up annual production capacity. 

That said, by expanding the facilities, in turn adding thousands of job opportunities, should be enough to achieve the goal.