Ford to add 3,000 jobs in the Detroit area, invest $1.45B

Ford to add 3,000 jobs in the Detroit area, invest $1.45B

The new Bronco will be unveiled in spring 2020, and will be manufactured at the Ford Michigan Assembly Plant alongside the Ranger.

Over the next three years, the Blue Oval is investing $ 750 million and adding 2,700 new jobs to the Wayne facility to build the Bronco, an all-new medium-sized Ranger pick-up and a modification center to support autonomous vehicles.

The investment in the Wayne plant will be used to build the new Ford Bronco SUV, as well as a brand new small Ranger minivan. In addition, the Wayne facility will be where Ford's first autonomous vehicles will be produced starting in 2021.

The department will coordinate with the company's existing AV research locations in Dearborn and Detroit.

Another 300 jobs will be created at its facility in Dearborn, where the company intends to invest $700 million in new manufacturing equipment and tooling to support the production of its electrified version of its F-150 truck, which includes both all-electric and hybrid versions. Apart from building the new F-150s, the Dearborn site will also be assembling the battery cells needed for the hybrid and electric F-150 trucks.

Shares of Ford stock were down 0.16% as of 2:47 p.m. EST on Tuesday. "As America & # 39; s number 1 auto manufacturer & # 39; s, we are proud of our commitment to invest in manufacturing here in MI", the director added.

The company's investments are supported by Ford's strong partnership with the UAW, as well as with federal, state, county and local governments.

In November the United Auto Workers ratified a four-year contract with Ford-one that included an agreement to invest more than $6 billion in USA plants and, as was reported then, included plans to keep high-visibility electrification plans for the F-150 in MI.

"The UAW is proud of Ford's commitment to manufacturing in the United States and in Michigan", UAW President Rory Gamble added in a release.

The hefty investment comes as USA new vehicle sales have risen to about 17 million vehicles per year, where they remain steady.

"This is a direct result of the 2019 collective bargaining process, providing additional jobs - and job security - for UAW members in Southeast Michigan", the union said.

Last summer, Ford teased a prototype electric F-150 pickup, pulling ten double-decker rail cars weighing more than a million pounds. As one of Ford's icons, Bronco represents where the company is expanding and where it's playing to win.

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