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Ford to speculate $100 million in Missouri plant to provide all-electric van

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The first manufacturing Ford Transit industrial van waits on the meeting line to be unveiled on the Ford Kansas City Assembly Plant April 30, 2014, in Claycomo, Missouri.

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Ford Motor plans to speculate $100 million in a plant in Missouri to provide an all-electric model of its Transit van, which the corporate is scheduled to unveil Thursday.

The funding is a part of Ford’s greater than $11.5 billion in spending on electrical automobiles by means of 2022, together with $3.2 billion put aside for a number of new all-electric automobiles such because the Transit van and an EV model of the F-150 pickup.

“We’re taking our most iconic vehicles and using fully electric technology to deliver even more performance, productivity and capability for customers,” Kumar Galhotra, Ford president, Americas and worldwide markets group, stated in a press release. “We are building out the North American manufacturing footprint to support this growth. This is just the first chapter with more new electric vehicles and more investment to come.”

The electrical van will go on sale in late 2021, adopted by the all-electric F-150 pickup by mid-2022. A brand new electrical crossover referred to as the Ford Mustang Mach-E is predicted to go on sale subsequent month.

The Transit EV will likely be produced at Ford’s Kansas City Assembly Plant, the place it can add 150 jobs for manufacturing of the van. The Mustang Mach-E is being assembled at a plant in Cuautitlan, Mexico. The electrical F-150 will likely be produced on the firm’s new Rouge Electric Vehicle Center in Dearborn, Michigan.

Ford additionally stated Tuesday it could enhance manufacturing of the all-electric F-150 by 50%, nevertheless it declined to reveal particular manufacturing bulletins. 

The firm is also investing $1.35 billion to rework its Oakville Assembly Complex in Ontario beginning in 2024 to incorporate next-generation battery-electric automobiles.

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