Trump tweets, Ford jumps: Cancelling $1.6 billion Mexico planStaff Writer |
Auto industry Flat Rock Assembly Plant in Michigan
After President-elect Donald Trump tweeted that Ford should bring jobs back home, the company detailed seven of the 13 new global electrified vehicles it plans to introduce in the next five years.
This is including hybrid versions of the iconic F-150 pickup and Mustang in the U.S., a plug-in hybrid Transit Custom van in Europe and a fully electric SUV with an expected range of at least 300 miles for customers globally.
The automaker also announced plans to invest $700 million to expand its Flat Rock Assembly Plant in Michigan into a factory that will build high-tech autonomous and electric vehicles along with the Mustang and Lincoln Continental. The expansion will create 700 direct new jobs.
The moves are part of a $4.5 billion investment in electrified vehicles by 2020, offering customers greater fuel efficiency, capability and power across Ford’s global vehicle lineup.
The plans are part of the company’s expansion to be an auto and a mobility company, including leading in electrified and autonomous vehicles and providing new mobility solutions. ■
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