Ford Announces $1.2 Billion Investment As Push Toward Ranger, Bronco Relaunch Begins
Ford this week announced that its investments in three Michigan-based manufacturing facilities will total $1.2 billion as the automaker ramps for the relaunch of both the Ranger mid-size pickup truck and Bronco SUV.
Ford will invest $850 million at Michigan Assembly Plant to support production of the Ranger and Bronco, respectively scheduled to get underway in early 2018 and 2020. A $150 million investment at Romeo Engine Plant will create or retain 130 jobs through expanded engine component capacity for vehicles including the Ranger and Bronco.
Finally, a $200 million investment will lead to the creation of an advanced data center that will bolster Ford’s efforts to transition from a full-fledged automaker to an auto and mobility company. This new data center will be located at Flat Rock Assembly Plant, where Ford already announced plans to invest $700 million and create 700 jobs as it transitions into the company’s manufacturing hub for electrified and autonomous vehicles.
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Ford says that the process of retooling Michigan Assembly Plant will begin next May and should only require four weeks to complete. Romeo Engine Plant will begin its expansion in early 2018 to accommodate production of a new engine.
“At Ford, we are investing aggressively in building on our strengths today – including trucks, vans, commercial vehicles, performance vehicles and SUVs—while at the same time growing our leadership in electrification, autonomy and mobility services,” said Joe Hinrichs, Ford president, The Americas. “As America’s top producer of automobiles, we are proud to be going even further in our commitment to invest in manufacturing here at home.”
In the past five years, Ford has invested approximately $12 billion in US manufacturing, creating nearly 28,000 jobs in the process.