July 14, 2024

Byrdr Automotive

Car and Comfort

President Biden to tour Ford Motor Co.’s new electric F-150 plant in Michigan

President Joe Biden options to tour Ford Motor Co.’s electric powered pickup truck plant in close proximity to Detroit on Could eighteen, the working day prior to the automaker is set to unveil its new F-150 Lightning EV, in accordance to a resource briefed on the president’s options.

Biden is envisioned to get a peek within Ford’s new Rouge Electric powered Vehicle Centre, which is adjacent to Ford’s Dearborn Truck Plant at its sprawling and historic Rouge sophisticated.

Ford has explained it is investing $seven hundred million in the new manufacturing facility for the assembly of an electric powered version of its most effective-promoting F-150 trucks.

Biden’s check out to Dearborn, which was initial documented Monday by The Detroit News, comes from the backdrop of his administration’s force for a $two trillion positions and infrastructure investment invoice in Congress that involves new funding for bringing far more EVs to market place.

Ford has explained it will include three hundred positions once the Rouge Electric powered Vehicle Centre starts generating all-electric powered F-150s by the spring of 2022. Design of the 500,000-sq.-foot assembly plant generally wrapped up previously this 12 months.

Ford’s F-Collection pickups are the automaker’s bread-and-butter, generating about $42 billion in earnings in 2019 from approximately 900,000 in device revenue, in accordance to a Boston Consulting Group review. F-Collection revenue in the U.S. fell twelve p.c to 787,422 deliveries in 2020, in accordance to the Automotive News Details Centre.

The BCG review discovered that Ford’s F-Collection trucks by yourself create far more earnings than main firms such as McDonald’s, Nike, Coca-Cola, Visa and Netflix.

— Automotive News reporter Michael D. Martinez contributed to this report.