Ford will manufacture the Ranger in Michigan. Ohio will receive an electric commercial vehicle.
Ford will invest $3.7B in American manufacturing. A portion of this money will be used to build the seventh-generation Mustang as well as the most recent Ranger. Ohio will also see the production of an electric commercial vehicle from the automaker.
Ford will construct the new Mustang in Flat Rock Assembly Plant and the new Ranger in the Michigan Assembly Plant. This investment will result in 3,200 new union jobs. This money will also be used to increase the production of the F150 Lightning EV to 150,000 units per year at Rouge Electric Vehicle Center.
Ford has an Easter egg in its announcement for the seventh-gen Mustang. The “O” in the “generation” indicates a six-speed manual shift, which suggests that the new pony car will continue to be available with a 3-pedal layout.
This is in line with an earlier statement by Ali Jammoul vehicle program director at Icons and Ford Performance. He stated earlier this year that while I cannot tell you that the manual gearbox will remain, it is clear that electrification will increase and manual gearboxes won’t be around in the future.
Recent rumors suggest that the new Mustang will be unveiled in April 2023. It will then go on sale as a 2024 model-year product. At launch, the already-existing EcoBoost and CoyoteV8 engines will continue to power. The hybrid powertrain is expected to be available later.
Ford has already launched the global version of the Ranger for global markets. We expect the North American version will have different powertrains.
Ford will spend $1.5 billion in Ohio to construct an electric commercial vehicle. This investment is expected to begin mid-decade. The money will be used to expand the Ohio Assembly Plant in order to manufacture the EV. The 1,800 new union jobs will be created. A $100 million grant will also be divided between Sharonville Transmission and Lima Engine plants to fund unspecified improvements.
To increase the production of the Transit van and the electric E-Transit, the Missouri Assembly Plant will be given a $95million investment. The investment will provide 1,100 jobs in the union for a third shift.