Combined with the investments in Tennessee, Kentucky, and Michigan, this is "bet the company" levels of investment. I pray for Ford's sake they picked the right horse (vis-à-vis, e.g., hydrogen or ammonia).
Oakville employs 3,000 people, and though salaried, skilled-trade and "some" production workers will continue work through the six-month transformation that begins in the second quarter of 2024, temporarily laid-off employees will be back before the end of next year, said Tony Savoni, plant manager.<p>So 6 months of unemployment for presumably most of the 3000 employees.
<i>it will begin modernizing the site in the second quarter of 2024</i><p><i>Ford has said it wants the production capacity to sell 2 million EVs a year globally by the end of 2026</i><p>So Ford's stated goal is to produce the same number of EVs in 2027 that Tesla will produce in 2023.
I'd bet that Ford is the only legacy American brand that will make it to 2033. And it's because of their heavy investment to manufacture more and not just assemble - great to see it happen
>Ford, along with its rivals, are scrambling to upgrade existing facilities and build new ones as they shift from internal combustion engine vehicles to EVs. Ford has said it wants the production capacity to sell 2 million EVs a year globally by the end of 2026.<p>Tesla is expected to exceed Ford's 2026 milestone <i>this year</i>. It's safe to assume Ford is 3 years behind Tesla, and won't be able to catch them before the 2035 EV mandates.
Dumb. Ford's sales are mostly their F-150. Very few people want a lightning and very few can afford them. Imagine dumping $60-$100k+ on something that's worse than it's cheaper ICE version in every way.<p>Also, the used EV market is going to be trash. These are throw away vehicles. The only way they keep selling is government force mandates and rebates.