Ford announces plan to build $700 million electric truck factory in Dearborn
DEARBORN, Mich. – Ford Motor Company unveiled a plan Thursday to create 300 jobs and build a $700 million electric truck plant at Dearborn’s Rouge complex. The new Ford F-150 is expected to fund the electric F-150 and the plant where they build it, and a new plant is just what the Michigan economy ordered. “Today, I’m pleased to announce the new Rouge Electric Vehicle Center, which is under construction,” Ford Executive Chairman William Clay Ford Jr. said. Guidehouse insights auto analyst Sam Abuelsamid said the electric F-150 comes with another huge difference. “The electric F-150 will have 40% lower total costs of ownership over its lifespan, and that includes when you factor in the price of the vehicle service and fuel,” Abuelsamid said.