The investment will be used to facilitate production of new models, such as the new seventh-gen Mustang and increased EV production.
see photosThe investment will facilitate production of new models such as the seventh-gen Mustang
Ford Motor Co. has announced plans for a massive $3.7 billion investment in its US production facilities, with plans to increase capacity and jobs. As part of the announcement the company also confirmed that the new seventh-gen Mustang was on the cards with production already limited for its facilities in Michigan. The company showcased a teaser for the new Mustang with an image of an iconic pony. A closer look at the image reveals a manual gearbox with the logo hidden in the words to suggest that the seventh generation sports car may retain a manual gearbox.
The manual shift pattern hidden in the ‘O’ suggests that the new model will retain the manual gearbox.
“Ford is America’s No. 1 employer of hourly autoworkers, and this investment only deepens our commitment to building great new vehicles — from a brand new Mustang to a new EV — right here in America in partnership with UAW.” Bill Ford, executive chairman of Ford. The UAW or United Auto Workers is an American labor union.
The company said the new Mustang and Ranger will be built at the company’s Michigan facilities. The Mustang will roll off the line at Ford’s Flat Rock assembly plant while the Ranger will exit its plant in Wayne. The company said its Michigan facilities would receive a combined investment of $2 billion to create new jobs, increase production of the Ford F150 Lightning EV to 150,000 units annually, and roll out two new models.
Coming to the new Mustang, the all-new sports coupe is expected to start production by 2023, with the car already being road tested. Images were recently leaked online, showing what to expect from the upcoming sportscar, with a cabin with a greater focus on technology including digital dials and a prominent central touchscreen, as well as an evolutionary design approach to the exterior. has been disclosed. Engine details are unconfirmed, although the new model is expected to retain the engines of the current Mustang.
Meanwhile, for the Ranger, Ford revealed a new generation of pick-ups for global markets late last year. The company’s hint at a new generation range could point to a revised model with a new engine line-up for the US markets that is more likely to appeal to North American buyers.
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Speaking of Ford’s other production facilities, the company said its Ohio plant would receive an investment of $1.5 billion to develop and roll out a new commercial EV. The firm’s Missouri plant will receive an investment of $95 million, with a focus on boosting production of transit and e-transit vans.
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