Ford boosts investment in electric and autonomous vehicles to $29 billion through 2025

URLhttps://www.cnbc.com/2021/02/04/ford-f-earnings-q4
SourceCNBC
Date Published02/04/2021
Author NameMichael Wayland
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Ford Motor Co.
Type of work Manufacturing
If manufacturing, is the company an OEM? Yes
Reshoring category:Reshoring
Year reshoring announced:2021
Year reshoring implemented or to be implemented:2025
Domestically, the work will be done:In-house
Capital investment ($):29000
City reshored to:Detroit
State(s) reshored to:MI
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredelectric vehicles, plug-in hybrids, autonomous car
What domestic positive factors made reshoring more attractive?Eco-system synergies, Lead time/Time to market, Under-utilized capacity
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