Ford is investing $850 million in Michigan between 2011 and 2013 for fuel-efficient vehicles. The funds will additionally support the manufacture of new, fuel-efficient six-speed transmissions. The company expects the expansion to create up to 1,200 new jobs.
"Fuel economy and technology are consumers' biggest priorities and we have made them Ford's as well," said Mark Fields, Ford's president of The Americas. "We are pleased to work with state and local government leaders to find new ways to work together, invest in our people, as well as Ford facilities, further improve our competitiveness, and secure jobs in Michigan."
Ford collaborated with the state on a Michigan Economic Growth Authority (MEGA) package that the state's Economic Development Council will consider this week. The package proposes replacing some existing state incentives to make Michigan a more competitive investment destination for fuel-efficient vehicle production.
The $850 million will be distributed across several facilities, including Van Dyke Transmission, Sterling Axle, Livonia Transmission, and Dearborn Truck Plant.