Ford Motor Corp has announced plans to invest up to $1.45 billion in its two factories located in the Detroit area. The company also revealed that its investments should add around 3,000 new jobs to help build its new line of pickup trucks, SUVs, and fully-electric vehicles.

According to the company, which made the announcement on Tuesday, it will be allocating $750 million to its Michigan Assembly Plant located in the Detroit suburb of Wayne. The enhancements to the facility and its future operation are expected to add around 2,700 new jobs over the next three years.

Meanwhile, the company plans to invest another $700 million to its pickup truck manufacturing plant located in Dearborn, Michigan. The investment is expected to add around 300 new jobs over the next few years. Ford also stated that it will begin the hiring process for new employees at both facilities sometime next year.

The company is reportedly planning to have its manufacturing plant in Wayne produce its new Ford Bronco SUV alongside its all-new Ford Ranger pickup truck. The Wayne facility will apparently also be fitted with a new section dedicated to support vehicles with more advanced technologies such as autonomous driving.

Ford's Dearborn plant, on the other hand, will reportedly be retrofitted to produce the company's next-generation F-150 pickup trucks. This will include an all-electric and hybrid version of the popular model. A section of the plant will be dedicated to battery assembly for the company's electric models. Ford's F-150 pickup truck continues to be the company's top-selling vehicles in the US, contributing to a bulk of its annual profits.

The US automotive giant revealed that work on its first autonomous vehicle at its Wayne plant should start sometime in 2021. Workers at the plant will apparently be working on vehicles installed with self-driving technology.

The Michigan Strategic Fund, the state's economic-development arm, has reportedly approved tax incentives for Ford given its planned investments. The incentives that will be given to the company are reportedly worth around $35 million.

Ford's planned investment  at annual peak of the US' new vehicle sales cycle, which is expected to level off at around 17 million vehicles per year. Ford is likely planning a more aggressive approach in increasing its market share with the addition of new products and an accelerated effort to shift into electric mobility.

 Ford is also expected to shell out more money in the coming months to take advantage of newer technologies such as autonomous driving, artificial intelligence, and electric propulsion systems.