Ford to invest $773 million in southeast Michigan plants
Thu, 27 Dec 2012 15:11:16 GMT —
Ford Motor Company announced today (Thursday) it will spend more than $773 million on new equipment and plant expansions at 6 of it's southeast Michigan facilities.The announcement is part of Fords commitment to invest $6.2 billion in U.S. plants by 2015.
The investment will create 2,350 new hourly jobs and allow the company to retain an additional 3,240 hourly jobs. Ford plans to add 12,000 hourly jobs by 2015.
"Even as we wrap up an incredibly busy year of capacity expansions and product launches, we are continuing to look to the future," said Jim Tetreault, Ford vice president of North America Manufacturing. "These investments, many of which are already under way, will ensure our southeast Michigan manufacturing facilities can support our aggressive growth plans."Expansion work at several plants started earlier this year to increase Ford's capacity to provide transmissions and axles to support growing demand for fuel efficient vehicles and F-Series pickup trucks.
Over the next six months Ford will upgrade the Michigan Assembly Plant and the Dearborn Stamping Plant. It will also finish expansion work at the Flat Rock Assembly Plant to produce the new Fusion next year.
Below is a list of the planned investments to each location:Michigan Assembly Plant - $59.4 million for stamping press line expansionDearborn Stamping Plant -$305 million for plant modernization, new press lines, scrap conveyor system and other machinery and equipmentFlat Rock Assembly - $161 million for machinery and equipment to assemble the new Ford Fusion and as an additional production facilitySterling Axle Plant - $86 million for machinery and equipment investment to meet axle demand increase and future model changesVan Dyke Transmission - $87.7 million for machinery and equipment investment to meet capacity expansions for 6F35 and 6F50 transmissionsLivonia Transmission - $74.7 million for machinery and equipment investment for transmission expansion and test equipment.