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.