"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2019-01-15T17:42:10Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2019/01/15/ford-mustang-shelby-gt500-detroit-motor-show-orig.cnn-business"
data-branding-key=""
data-video-slug="ford mustang shelby gt500 detroit motor show orig"
data-first-publish-slug="ford mustang shelby gt500 detroit motor show orig"
data-video-tags="auto shows,automotive industry,business and industry sectors,business, economy and trade,companies,concept cars,continents and regions,detroit,ford motor co,michigan,midwestern united states,motor vehicles,new car models,north america,sports cars,the americas,united states"
data-details="">
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2019-01-15T17:42:10Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2019/01/15/ford-mustang-shelby-gt500-detroit-motor-show-orig.cnn-business"
data-branding-key=""
data-video-slug="ford mustang shelby gt500 detroit motor show orig"
data-first-publish-slug="ford mustang shelby gt500 detroit motor show orig"
data-video-tags="auto shows,automotive industry,business and industry sectors,business, economy and trade,companies,concept cars,continents and regions,detroit,ford motor co,michigan,midwestern united states,motor vehicles,new car models,north america,sports cars,the americas,united states"
data-details="">
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-08-19T14:19:41Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/08/19/delorean-alpha5-prototype-electric-car-show-italdesign-monterey-orig.cnn-business"
data-branding-key=""
data-video-slug="DeLorean Alpha5 prototype electric car show Italdesign Monterey orig"
data-first-publish-slug="DeLorean Alpha5 prototype electric car show Italdesign Monterey orig"
data-video-tags="automakers and manufacturing,automotive industry,business and industry sectors,business, economy and trade,company activities and management,corporate branding,motor vehicles,product development,product innovation,product management"
data-details="">
Video Ad Feedback
DeLorean is back with its first prototype in 40 years
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-08-18T19:27:38Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/08/18/dodge-charger-daytona-ev-electric-muscle-car-fj-orig.cnn-business"
data-branding-key=""
data-video-slug="dodge charger daytona ev electric muscle car fj orig"
data-first-publish-slug="dodge charger daytona ev electric muscle car fj orig"
data-video-tags=""
data-details="">
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-08-19T19:44:07Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/08/19/lincoln-model-l100-concept-ev-orig-ht.cnn-business"
data-branding-key=""
data-video-slug="Lincoln Model L100 concept EV orig ht"
data-first-publish-slug="Lincoln Model L100 concept EV orig ht"
data-video-tags="alternative fuel vehicles,automakers and manufacturing,automotive fuels,automotive industry,automotive industry and environment,business and industry sectors,business, economy and trade,company activities and management,concept cars,consumer products,continents and regions,electric vehicles,leisure and lifestyle,lincoln,luxurious living,luxury goods,midwestern united states,motor vehicles,nebraska,north america,product development,product innovation,product management,self-driving cars,technology,the americas,united states"
data-details="">
Video Ad Feedback
Lincoln's new concept car replaces steering wheel with 'chess piece controller'
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-07-19T02:31:57Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/07/18/gm-chevrolet-blazer-ev-suv-orig-fj.cnn-business"
data-branding-key="innovate"
data-video-slug="GM Chevrolet Blazer EV SUV orig FJ"
data-first-publish-slug="GM Chevrolet Blazer EV SUV orig FJ"
data-video-tags="chevrolet,companies,general motors,technology"
data-details="">
Video Ad Feedback
Blazer EV brings Chevy into the crowded mid-size electric SUV market
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-06-23T15:53:26Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/06/23/lunaz-ceo-david-lorenz-intv-firstmove-intl-vpx.cnn"
data-branding-key=""
data-video-slug="lunaz ceo david lorenz intv firstmove intl vpx"
data-first-publish-slug="lunaz ceo david lorenz intv firstmove intl vpx"
data-video-tags="alternative fuel vehicles,automakers and manufacturing,automobile repair and maintenance,automotive fuels,automotive industry,automotive industry and environment,business and industry sectors,business, economy and trade,celebrities,classic cars and motorcycles,companies,electric power industry,electric vehicles,electricity production and distribution,energy and resources,energy and utilities,jaguar land rover automotive,julia chatterley,motor vehicles,utilities industry"
data-details="">
Video Ad Feedback
This is how much a restored Jaguar with electric power will cost you
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-05-30T13:13:17Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/05/10/lucid-air-dream-edition-electric-review-mc-orig.cnn-business"
data-branding-key=""
data-video-slug="lucid air dream edition electric review mc orig"
data-first-publish-slug="lucid air dream edition electric review mc orig"
data-video-tags="alternative fuel vehicles,automotive fuels,automotive industry,automotive industry and environment,business and industry sectors,business, economy and trade,companies,consumer products,electric vehicles,luxury goods,motor vehicles,tesla inc"
data-details="">
Video Ad Feedback
Tesla should be worried about this electric luxury car
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-04-26T22:48:14Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/04/26/ford-electric-pickup-truck-f150-bill-ford-qmb-vpx.cnnbusiness"
data-branding-key=""
data-video-slug="ford electric pickup truck f150 bill ford qmb vpx"
data-first-publish-slug="ford electric pickup truck f150 bill ford qmb vpx"
data-video-tags="alternative fuel vehicles,automotive fuels,automotive industry,automotive industry and environment,bill ford,business and industry sectors,business executives,business figures,business, economy and trade,companies,electric vehicles,ford motor co,labor and employment,motor vehicles,pickup trucks,workers and professionals"
data-details="">
Video Ad Feedback
Bill Ford shares why Ford's electric F-150 Lightning pickup truck is significant
"
data-check-event-based-preview=""
data-is-vertical-video-embed="false"
data-network-id=""
data-publish-date="2022-04-12T11:01:18Z"
data-video-section="business"
data-canonical-url="https://www.cnn.com/videos/business/2022/04/12/toyota-bzr4x-electric-suv-review-gr-orig.cnn"
data-branding-key=""
data-video-slug="toyota bzr4x electric suv review gr_orig"
data-first-publish-slug="toyota bzr4x electric suv review gr_orig"
data-video-tags="business, economy and trade,business and industry sectors,automotive industry,automotive industry and environment,alternative fuel vehicles,electric vehicles,companies,toyota motor corp,motor vehicles,sport utility vehicles"
data-details="">
Video Ad Feedback
Review: The electric Toyota BZR4X is perfectly fine
Ford plans to start building electric and self-driving cars at plants in Michigan.
The company announced a $900 million investment there Wednesday, and plans to add 900 jobs in the state.
Last year, Ford
(F) pledged $11 billion to transform its business and produce more electric and self-driving cars. The Michigan plans are part of that overhaul, said Joe Hinrichs, Ford
(F)’s president of global operations.
Ford will invest about $850 million at its facility in Flat Rock, Michigan, to produce electric cars. Another $50 million is earmarked for self-driving technology.
The Flat Rock plant makes Mustangs and Lincoln Continentals. It was scheduled to lose its second shift next month and transfer affected workers to other nearby plants.
But the announcement Wednesday means the plant will regain a second shift by 2023 to build a new, pure electric vehicle. It will continue production of the Mustang and Continental, too.
Forddoes not currently have any pure electric vehicle. It discontinued an electric version of the Focus when it stopped making the gasoline-powered version of that sedan last year.
It is already working on another pure electric vehicle. The still-unnamed SUV will be assembled at a plant in Cuautitlán, Mexico, starting next year.
Ford also announced plans Wednesday to add an undisclosed amount of jobs and investment to a plant in Hermosillo, Mexico, to build the next generation Transit Connect van starting in 2021.
It will add a second shift to that Mexican plant. Production will be consistent with the USMCA trade agreement, the deal worked out by the Trump administration that is supposed to replace NAFTA. The USMCA still requires congressional approval.
This is not the first time Ford has announced plans to invest in Flat Rock’s ability to produce next generation vehicles.
In January of 2017 it said it would invest $700 million in the plant to build electric and self-driving cars, a move it said would add 700 jobs.
Mark Fields, who was then CEO of Ford, said the move was a “vote of confidence” in then President-elect Donald Trump’s incoming administration.And Trump praised Ford for the move.
But by the end of 2017, Ford changed those plans and decided to build its next pure electric vehicle in Mexico.
