Ford Motor Company Invests Across Michigan Production Plants
06/03/2022
The investment will help further the company’s electric vehicle future in the state while also securing the company’s existing internal combustion engine vehicle operations, according to state officials.
“Ford is committed to leading the electric vehicle revolution and?strengthening our portfolio of iconic vehicles that customers love. That’s why we’re announcing?historic investments in our home state of Michigan, creating thousands of high-quality union jobs to expand production of the all-new F-150 Lightning as well as the next generation global Mustang and Ranger for the U.S. market,” said Kumar Galhotra, president, Ford Blue. “Ford is proud to assemble more vehicles and employ more union auto workers in the U.S. than any other auto manufacturer, and with today’s announcement, we will have created or retained 10,000 jobs and invested more than $10 billion in Michigan since 2016.”
The Michigan Strategic Fund approved:
Critical Industry Program (CIP) through Strategic Outreach and Attraction Reserve Fund (SOAR) – $100.8 million. The Critical Industry Program will support investments at five facilities that will lead to the creation of 3,030 new jobs and $1.16 billion of investment.
State Essential Services Assessment (State ESA) Exemption - $34.4 million. The State ESA will support investments at ten facilities, including the five also supported by CIP, that will lead and additional $854 million of investment and the creation of an additional 230 new jobs.
“Ford’s decision underscores the continuing vitality of our state’s EV and mobility sector. Through a bipartisan and pragmatic approach, Team Michigan demonstrated again its commitment to winning the future of mobility and EV manufacturing here in Michigan,” said MEDC CEO and Michigan Strategic Fund President and Chair Quentin Messer Jr. “Michigan is competing aggressively to win every EV and mobility investment. We appreciate and are grateful for Ford’s continued vote of confidence in Michigan and their partnership on this economic win that will positively impact Michiganders across our state for decades to come.”
The announcement follows a historic $7 billion investment by General Motors to build its all-electric future in the state, converting its Orion Township assembly plant to produce full-size EV pickups and building Ultium’s third U.S. battery cell plant in Lansing and a $1.7 billion investment by LG Energy Solution to quintuple its battery production capacity in Holland, according to state officials.
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