Ford Spending $773M on MI Plants, Adding Jobs
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.