Ford Motor Co. earlier this week announced plans to invest $850 million in its Michigan operations between 2011 and 2013 to manufacture an expanded line of fuel-efficient vehicles.
The investment will create up to 1,200 new full-time positions in manufacturing and engineering operations in Michigan by 2013, according to the automaker. The expansion also will help Ford retain 28,000 full-time jobs, according to Gov. Jennifer Granholm's office.
|Ford's president of The Americas, Mark Fields, addresses employees and visiting guests at the company's Van Dyke Transmission Plant in Sterling Heights, Mich., to announce Ford's commitment to invest $850 million and add 1,200 new jobs in its manufacturing and engineering operations in the state between 2011 and 2013.|
Ford will allocate the investment across a variety of its Michigan facilities, including its Van Dyke Transmission, Sterling Axle, Livonia Transmission and Dearborn Truck plants.
The company expects approximately 900 jobs to be hourly positions in its Michigan manufacturing facilities and the remaining 300 to be salaried positions within its engineering and manufacturing operations.
Ford is making the Michigan investment commitment after working with officials on a new Michigan Economic Growth Authority (MEGA) package that replaces several existing state incentives. Based on the Michigan Economic Development Corp.'s recommendation, the MEGA board Tuesday approved a state tax credit valued at $909 million over 15 years to encourage Ford to expand in Michigan over competing sites in India, South Africa, Europe and Asia.
"We applaud the State of Michigan's leadership in finding innovative solutions aimed at making both the state and Ford more competitive," Fields said. "Promoting investments in technologies, facilities and our workforce ultimately will help revitalize manufacturing in Michigan and help Ford compete with the best in the business worldwide."