Ford Motor Co has announced its plans to invest $3 billion in expanding the production of its larger trucks at a plant that was previously earmarked for electric vehicle manufacturing. This move is driven by the high demand for trucks as well as the profits they yield, in contrast to the lower margins associated with EVs. However, this does not signal a change in Ford’s commitment to electric vehicles, but rather a strategic adjustment to balance their portfolio and utilize their manufacturing capacity effectively. The specific plant or the type of trucks to be produced have not yet been specified.
Ford to spend $3 billion to expand large truck production to a plant previously set for EVs
Ford Motor Co has announced its plans to invest $3 billion in expanding the production of its larger trucks at a plant that was previously earmarked for electric vehicle manufacturing. This move is driven by the high demand for trucks as well as the profits they yield, in contrast to the lower margins associated with EVs. However, this does not signal a change in Ford’s commitment to electric vehicles, but rather a strategic adjustment to balance their portfolio and utilize their manufacturing capacity effectively. The specific plant or the type of trucks to be produced have not yet been specified.
