Ford announced a new $3.7 billion investment across three mid-western states to build a new yet-to-be-revealed Mustang and to ramp up production of trucks and vans, including new electric models.
The Michigan-based automaker will invest $2 billion in its home state, an investment that will create 2,000 new jobs, Ford said in an announcement. The funds will be used to increase production of the F-150 Lightning electric plckup, built at a factory near Ford's Dearborn headquarters, to 150,000 trucks per year. Ford has approximately 200,000 pre-orders for the truck already, the company has said, and the first examples were delivered to customers last week.
The electric Ford F-150 Lightning is the best version of America's best-selling truckFord will spend $1.5 billion at its Ohio assembly plant to build a"new electric commercial vehicle" that will be introduced around 2025. The company will also be investing around $100 million in an engine plant and a transmission factory in the state.
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