HomeNewsNewsLatest Economy, Inflation and Business News: Live Updates

Latest Economy, Inflation and Business News: Live Updates

A 2022 Ford F-150 Lightning in production at the Dearborn Truck Plant in Dearborn, Mich.Credit…Brittany Greeson for The New York Times

Ford Motor said on Thursday that it was planning to invest $3.7 billion in facilities across the Midwest, much of it for the production of electric vehicles, which the company said would create more than 6,000 union jobs in the region.

“We’re investing in American jobs and our employees to build a new generation of incredible Ford vehicles,” Jim Farley, the company’s president and chief executive, said in a statement. “Transforming our company for the next era of American manufacturing requires new ways of working.”

The announcement, made jointly with the United Automobile Workers union, detailed investments in three states. Ford said it would invest $2 billion and create about 3,200 union jobs in Michigan, including many tied to production of the new F-150 Lightning pickup truck, the…

Read more…