Ford Spending $773M On Mich. Plants, Adding Jobs

Thu, 12/27/2012 - 8:06am

DEARBORN, Mich. (AP) -- Ford is spending about $773 million to expand six Michigan manufacturing plants while adding 2,350 factory jobs in the state, part of a broader investment plan announced last year.

Ford Motor Co., which is based in Dearborn, Mich., aims to invest $6.2 billion in U.S. facilities and add 12,000 factory jobs across the country by 2015.

The expansion should help increase manufacturing of transmissions and axles as demand grows for fuel-efficient cars and F-Series pickup trucks, Ford said Thursday. The automaker also wants to finish work at a plant that will make the new Fusion sedan.

The company's North American region has been profitable for three years after a grueling restructuring, during which it cut thousands of jobs, closed plants and accelerated development of new autos, like the Focus sedan.


Share this Story

You may login with either your assigned username or your e-mail address.
The password field is case sensitive.