Over the course of the next three years, Ford Motor Company plans to invest $850 million to retool seven of its Michigan plants. A significant portion of this funding will go towards engineering and producing Ford's new six-speed automatic transmission. By 2013, this six-speed auto, which is touted as one of Ford's most efficient trannies, will be available in every model in the automaker's lineup.
Ford Motor Company has announced plans to invest $135 million into two of its Detroit-area plants, creating what the company calls a "center of excellence" for electric vehicles (EVs). The investment will be divided between the company's transaxle plant in Sterling Heights, MI and its Ypsilanti battery plant. Combined, Ford says, 220 new jobs will be created including 130 at the transaxle plant, 40 at the battery facility and 50 engineers to be split between the two sites.
Apparently, money does really grow on trees these days, but only those exotic ones found exclusively in South America. OK, maybe not, but somehow Ford has come across a significant amount of coin, all of which will be poured into the continent to our south.