Ford has announced it will invest $773 million in its facilities across Southeast Michigan. The funds will go toward new equipment and bolstering manufacturing capacity at six plants. The plan is part of a larger move to invest a total of $6.2 billion in the US by 2015. All told, the latest round of upgrades should help create 2,350 new hourly jobs while allowing Ford to keep a further 3,240 hourly jobs in place. The automaker plans to add 12,000 hourly positions at its facilities across the country by 2015.
The automaker’s Michigan and Flat Rock Assembly Plants will receive $59.4 million and $161 million, respectively, with Flat Rock receiving new machinery and equipment necessary to produce the 2013 Ford Fusion. The company’s Dearborn Stamping plant will receive the largest investment, with $305 million heading toward plant modernization and new press lines, though the Sterling Axle Plant, Van Dyke and Livonia Transmission facilities will all receive cash for various upgrades. You can take a look at the brief press release below for more information.
By Zach Bowman