Ford to build electric F-150s in Michigan
- Ford (F +1.2%) plans to spend $700M to expand its River Rouge plant near Dearborn, Michigan to make electric pickup trucks.
- Ford expects to begin making battery-powered versions of the F-150 pickup at the facility by the middle part of 2022.
- "We are proud to once again build and innovate for the future here at the Rouge with the debut of our all-new F-150 and the construction of a modern new manufacturing center to build the first-ever all-electric F-150," says Ford Executive Chairman said Bill Ford.
- Read what Ford execs said at earlier this week at the Morgan Stanley Virtual 8th Annual Laguna Brokers Conference