Ford will invest $773 million to upgrade its plants in Michigan

Article by Christian A., on December 31, 2012

As part of Ford Motor Company’s pledge to invest $6.2 billion in U.S. plants by 2015, it will spend over $773 million on new equipment and capacity expansions throughout six manufacturing plants in southeast Michigan. These will lead to the creation of 2,350 new hourly jobs and will enable the automaker to keep 3,240 more hourly jobs.

The mentioned 2,350 new jobs are included in the 12,000 hourly jobs that Ford aims to add in the U.S. by 2015. Jim Tetreault, Ford vice president of North America Manufacturing, said that even as Ford is about to conclude a “busy year” filled with capacity expansions and product launches, it continues to be hopeful for the future.

He added that these investments, some of which have already started, will guarantee that its southeast Michigan manufacturing facilities will be able to support its aggressive growth plans. In early 2012, Ford began its expansion projects for some facilities in order to boost its capacity to produce transmissions and axles to support the rising demand for fuel efficient vehicles and F-Series pickup trucks.

Furthermore, Ford will operate a new stamping press on line at Michigan Assembly Plant over the next six months. It will also install equipment for four new stamping presses at Dearborn Stamping Plant; and complete the expansion work at Flat Rock Assembly Plant to assemble the new Fusion in 2013.

Topics: ford, investment

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