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Ford Motor Co (NYSE: F) said on Thursday it will spend $3.7 billion for production of electric and gasoline-powered vehicles in Michigan, Ohio and Missouri

Ford to spend $3.7 billion on EVs, gas-powered vehicles’ production

The automaker will spend $2.3 billion on production of EVs

By Shubhangi Mathur
Published - Jun 02, 2022, 05:03 PM ET
Last Updated - Jun 07, 2024, 04:11 AM EDT

• The automaker will spend $2.3 billion on production of EVs

Ford Motor Co (NYSE: F) said on Thursday it will spend $3.7 billion for production of electric and gasoline-powered vehicles in Michigan, Ohio and Missouri.

Of the total investment, Ford will spend $2.3 billion on production of EVs, the company said.

Shares of the company rose 2.4% in afternoon trading.

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