Ford to invest $ 11.4 billion

The American automotive producer Ford introduced on Monday night the creation of 4 battery and electrical car factories in the USA with its South Korean companion SK Innovation, with 11,000 jobs by 2025. The factories will probably be positioned in Kentucky and Tennessee, Ford mentioned in an announcement.

The American group will make investments $ 7 billion which is a part of the 30 billion already introduced earlier this 12 months and SK Innovation will make investments the rest. “We are announcing the largest investment in new manufacturing facilities in Ford’s 118-year history,” the group mentioned. Ford additionally harassed that the funding helps “the company’s longer-term goal of creating a sustainable American manufacturing ecosystem and accelerating its progress towards carbon neutrality in accordance with the Paris climate agreement.”

“Moment of transformation”

Ford has within the course of revised upwards its electrical fleet targets because it now expects 40 to 50% of its world quantity of autos to be totally electrical by 2030 in opposition to 40% nonetheless estimated within the spring.

“This is a time of transformation where Ford will lead America’s transition to electric vehicles and usher in a new era of clean, carbon-neutral manufacturing,” Ford Govt Chairman Invoice Ford mentioned within the assertion. . “With this investment and a spirit of innovation, we can achieve goals once thought to be incompatible – protecting our planet, building great electric vehicles Americans will love and helping our nation prosper.”

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The information comes amid sturdy demand for the brand new F-150 Lightning pickup car and different electrical fashions just like the E-Transit and the Mustang Mach-E. “We are now striving to deliver revolutionary electric vehicles for the many rather than the few,” mentioned Jim Farley, Ford Common Supervisor. Taking on a theme pricey to Joe Biden, he lastly notes that it’s about creating “good jobs that support American families”.

(The important / AFP)

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