Ford has announced it will invest $773 million in its facilities across Southeast Michigan. The funds will go toward new equipment and bolstering manufacturing capacity at six plants. The plan is part of a larger move to invest a total of $6.2 billion in the US by 2015. All told, the latest round of upgrades should help create 2,350 new hourly jobs while allowing Ford to keep a further 3,240 hourly jobs in place. The automaker plans to add 12,000 hourly positions at its facilities across the country by 2015.
The automaker's Michigan and Flat Rock Assembly Plants will receive $59.4 million and $161 million, respectively, with Flat Rock receiving new machinery and equipment necessary to produce the 2013 Ford Fusion. The company's Dearborn Stamping plant will receive the largest investment, with $305 million heading toward plant modernization and new press lines, though the Sterling Axle Plant, Van Dyke and Livonia Transmission facilities will all receive cash for various upgrades. You can take a look at the brief press release below for more information.
The automaker's Michigan and Flat Rock Assembly Plants will receive $59.4 million and $161 million, respectively, with Flat Rock receiving new machinery and equipment necessary to produce the 2013 Ford Fusion. The company's Dearborn Stamping plant will receive the largest investment, with $305 million heading toward plant modernization and new press lines, though the Sterling Axle Plant, Van Dyke and Livonia Transmission facilities will all receive cash for various upgrades. You can take a look at the brief press release below for more information.
Ford Is Investing More Than $773 Million Across Southeast Michigan Manufacturing Facilities to Support Growth
Ford is spending more than $773 million on new equipment and capacity expansions across six manufacturing facilities in southeast Michigan as it delivers on a commitment to invest $6.2 billion in U.S. plants by 2015.
The investments in Michigan will create 2,350 new hourly jobs and allow the company to retain an additional 3,240 hourly jobs.
Over the next six months, Ford will upgrade stamping operations at Michigan Assembly Plant and Dearborn Stamping Plant, as well as finalize work at Flat Rock Assembly Plant to produce the new Fusion
DEARBORN, Mich., Dec. 27, 2012 – Ford Motor Company is spending more than $773 million on new equipment and capacity expansions across six manufacturing facilities in southeast Michigan as it delivers on a commitment to invest $6.2 billion in U.S. plants by 2015.
The investments in Michigan will create 2,350 new hourly jobs and allow the company to retain an additional 3,240 hourly jobs. The 2,350 new positions are part of the 12,000 hourly jobs that Ford is adding across the U.S. 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.
In addition, over the next six months Ford will bring a new stamping press on line at Michigan Assembly Plant; install equipment for four new stamping presses at Dearborn Stamping Plant; and finish expansion work at Flat Rock Assembly Plant to produce the new Fusion next year.
Specifically, Ford is making investments at the following locations:
Michigan Assembly Plant - $59.4 million for stamping press line expansion
Dearborn Stamping Plant -$305 million for plant modernization, new press lines, scrap conveyor system and other machinery and equipment
Flat Rock Assembly - $161 million for machinery and equipment to assemble the new Ford Fusion and as an additional production facility
Sterling Axle Plant - $86 million for machinery and equipment investment to meet axle demand increase and future model changes
Van Dyke Transmission - $87.7 million for machinery and equipment investment to meet capacity expansions for 6F35 and 6F50 transmissions
Livonia Transmission - $74.7 million for machinery and equipment investment for transmission expansion and test equipment
Ford is spending more than $773 million on new equipment and capacity expansions across six manufacturing facilities in southeast Michigan as it delivers on a commitment to invest $6.2 billion in U.S. plants by 2015.
The investments in Michigan will create 2,350 new hourly jobs and allow the company to retain an additional 3,240 hourly jobs.
Over the next six months, Ford will upgrade stamping operations at Michigan Assembly Plant and Dearborn Stamping Plant, as well as finalize work at Flat Rock Assembly Plant to produce the new Fusion
DEARBORN, Mich., Dec. 27, 2012 – Ford Motor Company is spending more than $773 million on new equipment and capacity expansions across six manufacturing facilities in southeast Michigan as it delivers on a commitment to invest $6.2 billion in U.S. plants by 2015.
The investments in Michigan will create 2,350 new hourly jobs and allow the company to retain an additional 3,240 hourly jobs. The 2,350 new positions are part of the 12,000 hourly jobs that Ford is adding across the U.S. 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.
In addition, over the next six months Ford will bring a new stamping press on line at Michigan Assembly Plant; install equipment for four new stamping presses at Dearborn Stamping Plant; and finish expansion work at Flat Rock Assembly Plant to produce the new Fusion next year.
Specifically, Ford is making investments at the following locations:
Michigan Assembly Plant - $59.4 million for stamping press line expansion
Dearborn Stamping Plant -$305 million for plant modernization, new press lines, scrap conveyor system and other machinery and equipment
Flat Rock Assembly - $161 million for machinery and equipment to assemble the new Ford Fusion and as an additional production facility
Sterling Axle Plant - $86 million for machinery and equipment investment to meet axle demand increase and future model changes
Van Dyke Transmission - $87.7 million for machinery and equipment investment to meet capacity expansions for 6F35 and 6F50 transmissions
Livonia Transmission - $74.7 million for machinery and equipment investment for transmission expansion and test equipment
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