Ford is spending more than $773 million on equipment and capacity expansions across six manufacturing facilities in southeast Michigan, part of its plan to invest $6.2 billion in U.S. plants by 2015, the company announced.
During this latest phase, launched last month, Ford will spend $305 million to modernize its Dearborn stamping plant, including installation of new press lines and a new scrap conveyor system. The manufacturer will invest $161 million at its Flat Rock assembly plant to update equipment for assembly of the redesigned Ford Fusion passenger car.
Component plants are also being updated. Ford will spend $87.7 million to expand manufacturing capacity at its Van Dyke transmission plant, and $86million to increase capacity at its Sterling axle plant. In addition, Ford will spend $74.7 million for equipment updates at its Livonia transmission factory.
“These investments, many of which are already under way, will ensure our southeast Michigan manufacturing facilities can support our aggressive growth plans,” said Jim Tetreault, vice president of North American manufacturing for Ford.
The upgrades will create 2,350 new hourly jobs and help Ford retain an additional 3,240 hourly jobs, the company said.