Introduction to Ford’s Investment in Argentina
Ford has announced a significant investment of $170 million to manufacture an electric version of its popular Ranger pick-up truck in Argentina. The production is set to commence in 2027, with the goal of exporting this hybrid electric vehicle to other countries in Latin America.
First Major Multinational Investment Post-Elections
This investment marks the first official confirmation of electric pick-up truck production in Argentina and the first major investment announced by a multinational company following the recent legislative elections. In these elections, Javier Milei received substantial support for his government.
Although the timing of this announcement is not directly linked to the local political climate, it was influenced by a planned visit from Ford’s Global CEO, Jim Farley, to Argentina. Farley, an American with personal ties to the country, confirmed the investment during his stay.
Expansion of Ford’s Investment in Argentina
This new investment brings Ford’s total investment since 2020 for the production of the current Ranger generation in Pacheco to $870 million. The Henry Ford complex will produce 76,000 units by 2025, up from 62,000 in 2024. This represents the highest production level for Ford in Argentina in over a decade, with plans to surpass 80,000 units in 2026.
In July, Ford announced an additional $40 million investment to boost local production, introducing new Ranger versions such as the single-cabin configuration. The hybrid electric Ranger will only be produced in double-cabin versions, making Argentina the second global center for its production. Currently, only South Africa manufactures this version, which is exported to Europe and Australia.
Ford’s Vision for the Future
“We are proud of our growth in Argentina and excited to bring this new technology to South America with the hybrid electric Ranger produced in Pacheco,” said Jim Farley, Global CEO of Ford.
In 2025, the Ranger will celebrate 30 years in the Argentine market, achieving a historic production record of over 76,000 units.
Key Questions and Answers
- What is Ford investing in Argentina? Ford is investing $170 million to produce an electric version of its Ranger pick-up truck in Argentina.
- When will production begin? Production is expected to start in 2027.
- Where will the electric Ranger be exported? The hybrid electric Ranger is intended for export to other Latin American countries.
- What is the total investment by Ford in Argentina since 2020? Ford has invested a total of $870 million since 2020 for the production of the current Ranger generation in Pacheco.
- What is the projected production level for Ford in Argentina by 2025? Ford aims to produce 76,000 units by 2025.
- What additional investments has Ford announced for Argentina? In July, Ford announced a $40 million investment to increase local production and introduce new Ranger versions.
- What makes Argentina a significant production center for the electric Ranger? Argentina will be the second global center for producing the hybrid electric Ranger, with South Africa being the current sole producer that exports to Europe and Australia.
- What milestone will the Ranger achieve in Argentina in 2025? The Ranger will celebrate 30 years in the Argentine market and reach a historic production record of over 76,000 units in 2025.
