Ford to invest $3.7 bln for production of EVs, gas-powered vehicles

The company has said it plans to build more than 2 million EVs a year globally by the end of 2026, about one-third of its global production.

A new Ford E-Transit van is seen inside the company's Halewood plant in Liverpool, Britain, October 18, 2021. REUTERS/Phil Noble Ford on Thursday said it will invest $2 billion at three plants in Michigan to increase production of the new F-150 Lightning pickup truck to 150,000 - an action it previously outlined in April - as well as build new gas-powered versions of the Ranger pickup and Mustang sports car. The new jobs in the state will total 3,200.

About $100 million will be spent in Missouri to add 1,100 workers for a third shift at an assembly plant outside Kansas City to boost production of the electric and gas Transit vans, Ford said.

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