Ford to Invest $1.45 Billion, Create 3,000 Jobs Near Detroit

Ford to Invest $1.45 Billion, Create 3,000 Jobs Near Detroit

Ford to Invest $1.45 Billion, Create 3,000 Jobs Near Detroit

Ford Motor Company plans to invest $1.45 billion and add 3,000 jobs at two southeast MI plants to help build new vehicles.

The company said on Tuesday that about $ 750 million will go to the MI assembly plant in Wayne's Suburbs, where 2,700 jobs will be added over the next three years.

Tuesday, Ford made good on that plan for its MI plants, confirming and detailing the role that they'll have in delivering electric and hybrid versions of the F-150 pickup, autonomous vehicles, and other products. The battery packs for both electrified versions of the F-150 will also be assembled in Dearborn.

Aside from that, the second-largest U.S. automaker's latest announcement to invest a stark sum of $1.45 billion in a bid to manufacture self-driving and electric vehicles comes over the heels of its previous statement that the Detroit-based carmaker would be investing roughly $11 billion over the next three years in order to make 40 new full-electric and hybrid models.

The all-new F-150 and F-150 hybrid will debut in 2020, while the all-electric F-150 will arrive soon thereafter. Investments in the plant also result in a new center for modification and support of stand-alone and other vehicles. The remaining $750 million investment will be used to upgrade Ford's Wayne, Michigan factory during the next three years.

Workers at the Wayne plant will modify and terminate Ford's first autonomous vehicles starting in 2021, including self-driving technology installations and interiors built for autonomous travel, Ford said in a statement. "As America's No. 1 producer of automobiles, we are proud of our commitment to invest in manufacturing here in MI".

Ford said its investments are supported by its strong partnership with the UAW, which represents the company's hourly workforce, as well as with federal, state, county and local governments.

"The UAW is proud of Ford's commitment to manufacturing in the United States and in Michigan", UAW President Rory Gamble added in a release.

In its new cope with the UAW, negotiated this fall, the company has committed to adding or retaining 8,500 jobs with investments at 19 US services.

The F-150 is the top-selling automobile within the USA and is Ford's franchise, generating a lot of the company's profits. "I'm glad Ford recognizes that MI is home to some of the most innovative, hardworking people in the world, and has opened up opportunities for 3,000 new good-paying jobs in our state".

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