Tuesday, March 28, 2017

Ford to invest $1.2B in 3 Michigan plants: Joe Hinrichs, Ford president of the Americas said the company is encouraged by the president’s economic agenda.

Via Billy

https://www.gannett-cdn.com/-mm-/be7ced3be78dcc27f68225b268907fb682998ac7/r=450/http/videos.detnews.com/brightcove/http/52815481001/201702/3/52815481001_5309700352001_5309645682001-vs.jpg
Joe Hinrichs, Ford president of the Americas said the company is encouraged by the president’s economic agenda.

Ford Motor Co. will invest $1.2 billion in three Michigan facilities to prepare for production of the all-new Ford Ranger and Bronco, and to support the company’s expansion into mobility.

The company said Tuesday it will invest $850 million to retool its Michigan Assembly Plant in Wayne for truck and SUV production; $150 million in its Romeo Engine Plant to expand capacity for several vehicles; and $200 million to build a data center at the company’s Flat Rock Assembly Plant.

Ford announced in January the Flat Rock facility also would see a $700 million investment and 700 new jobs to support the production of electrified and autonomous vehicles.
The total investment represents an additional $350 million above those negotiated as part of the 2015 United Auto Workers contract. Plans for the data center at Flat Rock are new; the company added $150 million to its budget for Michigan Assembly upgrades. The $150 million for the Romeo plant upgrades were previously outlined in the UAW contract. According to the contract, the automaker will invest at least $9 billion in U.S. facilities through 2019.

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