Subscribe
Close
  • Free for qualified executives and consultants to industry

  • Receive quarterly issues of Area Development Magazine and special market report and directory issues

Renew

Ford Invests in Hybrid and Electric Production in Michigan

05/24/2010
Ford will invest $135 million by 2012 in two factories in Ypsilanti Township and Sterling Heights, Michigan to produce hybrid and fully-electric cars. The company will also hire 50 engineers to produce its next generation of electric cars.

"The good news is we're making the investment now, it's going to result in obviously driving innovation, driving job growth," Mark Fields, Ford president of the Americas, told the Associated Press.

The Ypsilanti facility will receive $10 million and add 40 employees to build battery packs. The Sterling Heights plant will receive $125 million and add 130 employees to build continuously variable hybrid transmissions. Before hiring new workers, Ford will call 450 laid-off employees back to work.

Ford, which currently sells four hybrid vehicles, will add another electric or hybrid model to its line in the United States by 2012 and in Europe by 2013.

The company worked with the United Auto Workers union on employee wages and productivity.

Follow Area Development

Share