Ford is investing $350 million in its Livonia Transmission Plant, adding a new transmission to expand its lineup of fuel-efficient powertrains as part of the company's plan to fortify its core automotive business. This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170519005050/en/
Ford is investing $350 million in its Livonia Transmission Plant, adding a new transmission to expand its lineup of fuel-efficient powertrains as part of the company's plan to fortify its core automotive business. The investment also includes the creation and protection of 800 hourly jobs. (Photo: Business Wire)The company will create or retain 800 hourly jobs to support production of the new transmission. Ford expects to begin adding jobs late this year, with the majority coming next year and in 2019. "We remain committed to American manufacturing and investing in our people and facilities," said Joe Hinrichs, Ford president, The Americas. "Even as the industry's largest employer of hourly workers in the United States and biggest producer of American-made vehicles, we believe it is important to continue investing right here in our home market." In the past four months alone, Ford has announced more than $2.25 billion in new investments in Michigan. The company has invested $12 billion in its U.S. plants and created a total of nearly 28,000 U.S. jobs during the last five years. This investment in Livonia Transmission Plant is in addition to $1.4 billion and 500 created or retained hourly jobs announced for the plant in 2016 to support production of a new 10-speed transmission for the 2017 F-150 Raptor and certain other F-150 trucks. Ford's investments are supported by a strong partnership with the UAW, as well as with federal, state, county and local governments.