Ford Invests $350 Mln, Creates Or Protects 800 Jobs

Bruno Cirelli
Mag 20, 2017

Two days after confirming a 10-percent job cuts, Ford Motor Co. announced Friday that it will invest 350 million dollars to build a new transmission at its Livonia Transmission Plant in MI in U.S. Midwest.

Upgrades to the Livonia facility are part of more than $2.25 billion in investments in the state announced this year by Ford Motor Co. "We believe it is important to continue investing right here in our home market".

The announcement comes just a few days after Ford said it will cut 1,400 jobs in North America and Asia in order to boost profits.

The transmission will be built as a new, advanced transmission for front-wheel-drive vehicles, created to be more fuel-efficient.

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

As part of that $4.5 billion strategy, Ford cancelled its plans for a new $1.6 billion factory in Mexico and instead channeled $700 million toward upgrading a factory in MI.

Ford has invested $12-billion in its US plants and created almost 28,000 U.S.jobs during the past five years. The company did not say how many additional jobs it will add.

UAW Vice President Jimmy Settles praised the decision, calling it evidence of the "benefits of collective bargaining".

The new transmission, expected to offer better fuel economy and performance in future Ford front-wheel drive vehicles, is part of the carmaker's expansion of fuel-efficient engines.

The new transmission will share software, design elements and manufacturing processes with the existing 10-speed transmissions.

Livonia Transmission Plant employs approximately 1,800 people.

"The transmission will be finely tuned to blend fun driving and efficiency with Ford engines, including EcoBoost", the automaker said in a statement today.

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