Ford to invest $850 million and add 1,200 jobs in Michigan by 2013

Article by Christian A., on October 27, 2010

To ensure the success of the development of fuel-saving vehicles, Ford Motor Co. will invest $850 million and add 1,200 jobs in Michigan by 2013. Ford said that these moves are supported by $400 million in state incentives.

Ford’s factories will have 900 additional hourly positions in its factories while its engineering and manufacturing operations will be getting 300 salaried jobs more.

In a statement, Ford said that these jobs will be added at plants including Ford's Van Dyke Transmission, Sterling Axle, Livonia Transmission and the Dearborn Truck Plant.

A big portion of this investment will be used for the expansion of the production of six-speed transmissions. Mark Fields, Ford's president of the Americas, said that the state of Michigan is supporting Ford in the form of up to $400 million worth of tax breaks over 15 years.

Fields said that this type of investment would have been “much more difficult” if there had been no package of job-retention tax incentives.

Similar incentives for Chrysler Group will also soon be taken up by the state board. There are also proposed amendments on the agenda for affiliates of General Motors Co. and for Hyundai Motor Co.'s technical center.

The amounts weren’t revealed. Ford has started to expand its US workforce as it gains market share with new models such as the Fiesta subcompact and Super Duty pickups.

Ford had said that by 2012, it will add 1,975 hourly jobs to do work typically done by suppliers. This is exactly 416 more positions than Ford had pledged in its 2007 contract with the UAW.

Topics: ford, united states

If you liked the article, share on:

Comments

Recommended

Ever since the Regera premiered in 2016, Koenigsegg has been firm about increasing its coverage around the globe. Part of the idea was to ask its employees in Angelholm to...
by - February 21, 2017
There is no harm in admitting that both the conventional and the hybrid versions of the Lexus LC 500 are real stunners when it comes to its exterior styling. Even...
by - February 21, 2017
Jaguar is placing three new Ingenium engines on the F-Pace crossover, XF saloon and XE sedan for the 2018 model year. According to Jaguar’s recent announcement, the updates will also...
by - February 21, 2017
After Volkswagen snagged Toyota’s crown as the world’s best-selling automaker, there’s no stopping the Japanese manufacturer from dominating the hybrid arena. As of January 31st , Toyota’s increasing global unit...
by - February 21, 2017
There is no denying that the performance versions of the Jaguar F-Type and the Land Rover Range Rover are definitely hot – both in terms of looks and road dynamics....
by - February 21, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries