Ford to invest $350 million in Michigan plant

Angelica Greene
May 20, 2017

Ford (F) said today that it is investing $350 million to upgrade its Livonia transmission plant in MI as it readies to expand its fleet of fuel-efficient powertrains, Reuters reports.

The investment announced by Ford is in addition to $1.4 billion Ford said it would invest a year ago at the same plant to build an all-new 10-speed transmission for its F-150 pickups.

"We remain committed to American manufacturing and investing in our people and facilities", said Joe Hinrichs, Ford president for the Americas said in a statement. Super Duty Truck moves along the assembly line at the Ford Kentucky Truck Plant in Louisville, Kentucky, U.S., on Friday, Sept. 30, 2016.

The Livonia plant now employs about 1,800 workers who build six-speed and 10-speed transmissions used in vehicles such as the Mustang, F-150, Transit and Expedition. That investment created 500 new jobs.

The Dearborn automaker said it would add new jobs later this year as work begins in the plant, with the majority added next year and in 2019.

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Ford has invested $12 billion in its USA plants, creating almost 28,000 American jobs in the last five years.

Ford has announced more than $2.25 billion in new investments in MI over the past four months. This transmission will share software, design elements and manufacturing processes with the 10 speed and other future transmissions. Jimmy Settles, UAW Vice President, underscored the importance of such relationships and the impact on American manufacturing.

The automaker said the investment will support the production of a new transmission for front-wheel-drive vehicles. The plant now employs about 1,800 workers.

The transmission will be finely tuned to blend fun driving and efficiency with Ford engines, including EcoBoost.

Other reports by GizPress

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