UPDATE 1-Ford adds production of electric vehicles at 2nd N. American site [Reuters]
Ford Motor Company (F)
Last ford motor company earnings: 4/28 04:09 pm
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Source: Reuters
Ford adds production of electric vehicles at second North American site 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 t
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