Ford Motor Co. plans to spend $850 million over the next two years to make six-speed transmissions standard across its product line while adding 1,200 jobs at transmission and axle plants in Michigan during the same timeframe.
Mark Fields, Ford president of the Americas, said the big investment reflects the company’s commitment to competitively grow its engineering and manufacturing employee base, upgrade its facilities in the state and further improve its vehicle fuel economy.
“Fuel economy and technology are consumers’ biggest priorities — and we have made them Ford’s as well,” said Fields, adding Ford’s Dearborn Truck plant and Livonia Transmission plant also will be upgraded under the investment plan.
(Ford reports best third quarter since 1990. Click Here for that report.)
The investment will create up to 1,200 new full-time positions in manufacturing and engineering operations in Michigan by 2013, Fields said.