The leading automotive manufacturer, Ford, is accelerating work on fully-electric vehicles after exposing that significant growth in the market meant it needed to step up its plans, according to BBC News. Ford is put to invest around $900mn in new production capacity at a plant in Michigan which is forecast to create approximately 900 jobs. It is also expected that Ford will begin production of autonomous vehicles in around two years after Head of Global activity, Joe Hinrichs, revealed the company had taken a “fresh look” at the growth in electric vehicles.
Having kept discussions with Volkswagen about building a partnership to invest and build electric and autonomous vehicles, talks are understood to have been great but there is no news to announce. Speaking to reporters, Mr Hinrichs commented: “When we were taking a look at our $11bn investment in electrification, it got obvious to us that we were going to wish a second plant in the not-too-distant future to add capacity for our battery electric vehicles.” In 2018, Ford confirmed a long-term aim to devote around $11bn in new vehicle technologies.