Ford
This stands as part of Ford's ultimate goal of selling two million electric vehicles by the end of 2026. The new plan will likely establish around 6,200 opportunities for jobs.
In addition, Ford intends to cause 3,000 temporary employees to acquire full-time status with benefits and higher salaries. According to Ford, it will now spend $50 billion throughout 2026, which will go up from its previous spending rate of $30 billion.
In August 2021, President Joe Biden came out with an executive order that encouraged automakers to sell around half of all of their new vehicles as some form of electric vehicle by the year 2030. In Biden's eyes, Ford's new move regarding electric vehicles is "great news for American workers." Biden also stated that Ford's decision to promote electric vehicles "isn't an accident," and will support his wishes to go fully electric in the coming future.
While the majority of Ford's investment money will go toward the state of Michigan (which is anticipated to have 3,200 upcoming job opportunities), significant investments will also be made toward Ohio (with 1,800 expected new jobs) and Kansas City (with a $95 million investment rate). One assembly plant in Michigan, the Rouge Electric Vehicle Center, will receive enough funding so that it can increase its manufacturing of the F-150 Lightning electric truck up to 150,000 per year.
There will also be investments toward electric vehicles in more southern states, such as Tennessee. Ford is looking to spend around $7 billion on electric vehicle plants in the near future. Around 11,000 employees will be hired, but will only be unionized if they take a vote of having some form of representation, according to CEO Jim Farley.
"As far as Kentucky and Tennessee goes, the new employees at the new assembly and battery plants will be able to choose whether they organize and we absolutely respect and support the employees' right to make that choice," Kumar Galhotra, president of Ford Blue, told reporters.
- https://techcrunch.com/2022/06/02/ford-to-invest-3-7b-in-u-s-factories-add-6200-union-jobs-in-push-to-build-more-evs/
- https://www.bloomberg.com/news/articles/2022-06-02/ford-will-invest-3-7-billion-to-expand-midwestern-auto-plants?srnd=hyperdrive
- https://money.usnews.com/investing/news/articles/2022-06-02/ford-to-invest-3-7-billion-for-production-of-evs-gas-powered-vehicles