Please Wait....
Close

    Ford will 'create or protect' 800 jobs, invest $350M in transmission plant


    +

    Ford announced today the latest in a line of multimillion-dollar investments in American factories. It will pump $350 million into its Livonia, Mich., transmission plant in order to add another transmission line. According to Ford, this new investment will either add or preserve a total of 800 hourly jobs. The move is also a notable contrast to the company's plans of reducing salaried staff this year.

    That wording means the number of new jobs will likely be less than 800, but the people with jobs that will remain likely don't mind. It does sound as though there will be plenty of new hires, since Ford says it will bring on new employees at the Livonia factory over the next two years. The company will start hiring at the end of this year.

    As for the new transmission Ford will be building at the Livonia plant, the company provided few details. It said it will be for a front-wheel-drive applications, and that it will be efficient and use techniques and designs developed for the 10-speed transmission in the F-150 and Expedition. This transmission line will join lines that build gearboxes for the Mustang, F-150, Transit, and Expedition.

    Related Video:

    Similar Posts

    Story Page