Ford to Invest $1.2 Billion for Ranger & Bronco Production
Hopes of strong sales make Ford pull out all the stops for Bronco and Ranger.
It’s been a while since we last heard about Ford’s plans for the upcoming Bronco and Ranger. After seeing a few renderings and a tidbit of news here and there, we still aren’t quite sure of what the new SUV and midsize truck will look like. But what we do know, is that Ford will pump serious money into these projects.
According to a press release, Ford announced plans to invest $1.2 billion in three Michigan facilities to help bolster truck and SUV production, as well as mobility services.
The breakdown for the investments include $850 million into the Michigan Assembly Plant, which will allegedly support the return of the Bronco and Ranger. In addition, $150 million will be pumped into the Romeo Engine plant which will also create 130 jobs to increase capacity for engine parts. Lastly, $200 million for an advanced data center to help the automaker expand its mobility presence.
The news follows closely behind the January announcement, which claimed the automaker would invest $700 million into its Flat Rock Assembly Plant to add a new data center, which would also see 700 new jobs. According to the press release, the building will be used to develop self-driving and electric vehicles.
Once the investments are all spent and the plants are upgraded, the Ford Bronco and Ranger will return, once again, to American roads. Good times lie ahead!