Thursday, 21 October, 2021
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Ford to invest in electric vehicle production, create 11,000 jobs

Ford to invest in electric vehicle production, create 11,000 jobs

NEW YORK: Ford Motor on Monday announced to invest USD billions of dollars in Electric vehicle production in the United States.

It announced to build three battery factories and one electric truck plant in the US, which would produce 11,000 jobs in the coming four years, reported New York Times.

The announcement made by the auto company is a multi-dollar move to jump to electric vehicles and discontinue gasoline-powered cars and trucks, as an initiative to support the global effort to fight climate change, report agencies.

Ford and a South Korean supplier will spend $11.4 billion on the project, reported New York Times.