Less than a week after GM announced a $1.5 billion US investment in its Missouri plant to build the next generation of its small pickups, Ford is announcing a $1.45 billion investment of its own, to build a new generation of trucks in Michigan.
The Wayne plant will receive an investment of $750 million over the coming three years to go toward building the new Ford Bronco mid-size utility alongside an all-new Ranger pickup, as well as a modification centre to support autonomous vehicles starting in 2021. The investment will also add 2,700 new jobs.
The Dearborn plant will get the remaining $700 million toward an all-new F-150 large pickup, including hybrid and all-electric versions, as well as battery assembly. The move will see the addition of 300 jobs.
“At Ford, we are investing aggressively in building on our strengths today – including trucks and SUVs – while at the same time expanding our leadership into electric and autonomous vehicles,” said Joe Hinrichs, Ford’s president, Automotive.
The moves are part of Ford’s pledge to invest $6 billion in its US factories, in addition to creating or retaining 8,500 jobs.
Ford is planning to debut a new F-150 and F-150 hybrid in the coming year, with a fully-electric version following soon after. The long-awaited return of the Bronco will also come in 2020, with the public reveal expected in the spring.