Ford Invests $900 Million to Modernize Thailand Manufacturing for Next-Gen Ranger and Everest
Posted on 12/08/2021
Ford Motor Company is betting on Asia and is making a US$ 900 million (THB 28 billion) investment in new technologies and systems for its operations in Thailand. This is the company’s largest-ever single investment in Thailand. Part of the Ford+ plan for growth and value creation, the investment supports production of the next-gen Ranger pickup truck and Everest SUV. The investment – Ford’s largest single outlay in Thailand – brings Ford’s cumulative investments in the country to more than US$ 3.4 billion (THB 100 billion) over 25 years. The modernization program bolsters Thailand’s role as a global production and export base for Ford, through its wholly-owned Ford Thailand Manufacturing (FTM) and joint-venture AutoAlliance Thailand (AAT) truck plant.
