Sun, Dec 24, 2006 - Page 11 News List

Ford Motor Co investing US$1 billion in Michigan

AP , DETROIT

Ford Motor Co will invest US$1 billion in six Michigan plants in exchange for US$151 million in tax incentives from the state, the company said on Friday.

Details of the investment will be made public on Jan. 4 at a transmission plant in Livonia, one of the facilities to receive the additional cash, according to a Ford news advisory.

Other plants to get new investment include a transmission facility in Sterling Heights; the Wayne Assembly plant, Dearborn Truck assembly and the Dearborn and Woodhaven parts stamping plants, the company said.

Ford is also considering added investment at a hybrid vehicle engineering facility in Dearborn, the Romeo Engine plant, a truck plant in Wayne, the Sterling Heights axle plant and Ford's proving grounds in Macomb County's Bruce Township, according to documents filed earlier this year with the Michigan Economic Development Corp, the state's nonprofit development arm.

The company's filing with MEDC said the investment will help it retain about 13,740 jobs in the state.

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