Ford Invests $1.6 Billion in Michigan Transmission, Ohio Truck Plants
Livonia Transmission Tools Up for New 10-Speed
As part of its ongoing commitment to invest in U.S. manufacturing, Ford today announced a combined $1.6 billion investment in two of its plants in Michigan and Ohio. The bulk of the investment, $1.4 billion, is going into the Livonia, Michigan, Transmission Plant, to retool it to build the new 10-speed automatic transmission, which will debut on the 2017 Ford F-150 and Raptor. Production of the new transmission will begin in June. The Livonia plant will add another 500 jobs as part of the investment.
The other investment is in Ford’s Avon Lake, Ohio, plant, which builds the F-650 and F-750 Super Duty, as well as the F-350 and F-450 and F-550 chassis cabs. That plant receives $200 million in investment, and will add 150 hourly jobs.
As part of its 2015 collective bargaining agreement with the United Auto Workers (UAW), Ford committed to create or retain 8,500 jobs through 2020. The company has committed to 2,800 U.S.-based jobs over the last five months and has promised new product for its Wayne, Michigan, plant, which currently builds the Focus and C-Max hybrid crossover. Those products will be produced in Mexico starting in 2018. We believe Wayne may build a new Ranger midsize pickup for the U.S. market and possibly a revived Bronco 4x4 SUV.