Ford to Invest $850M to Retool Factories for More Fuel-Efficient Vehicles
Creating 1,200 Jobs
Making more fuel efficient vehicles doesn't happen by magic. It requires lots of R&D;, and once you've come up with a new engine or transmission or whatever, it requires big capital investments to retool factories. That's exactly what Ford (among others) is doing. The blue oval company has announced investments of $850 million in Michigan plants (including Van Dyke Transmission, Sterling Axle, Livonia Transmission and Dearborn Truck Plant) between 2011 and 2013 as part of its "competitive plan to engineer and manufacture even more fuel-efficient vehicles and fuel-saving technologies in the state." This will create an estimated 1,200 new full-time manufacturing and engineering positions, something that is welcome in this economic climate.
a significant portion of the company's additional investment will benefit engineering and production of Ford's new six-speed transmissions, which are planned for many future Ford vehicles and built at the Livonia Transmission Plant and Van Dyke Transmission Plant. By 2013, 100 percent of Ford vehicles will incorporate a six-speed transmission as part of the company's commitment to leadership in fuel economy performance in all vehicle segments. (source)
This investment follows $950 million that are being used to convert the Ford Michigan Assembly Plant from a large SUV factory to a "state-of-the-art" car plant, which will build the new Focus, as well as the company's battery electric Focus and next generation hybrid and plug-in hybrid vehicles, all planned for production at the Wayne, Mich., facility by 2012.
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