On Tuesday morning, Ford announces they are making an investment in 3 Michigan plants. This is per sources that are very familiar with the company’s plans.
Per the Detroit News:
The Dearborn-based automaker will announce investments at its Michigan Assembly Plant in Wayne, Flat Rock Assembly Plant and its Romeo Engine Plant, according to the sources who agreed to speak only on the condition of anonymity because they were not authorized to release the information. It is unclear how many jobs will be created, or the total dollar amount. However, one of the sources characterized the investments as “significant.” A promised $700 million investment at the Michigan Assembly Plant was part of the 2015 Ford-United Auto Workers contract.
Tuesday’s investment announcement comes less than two weeks after President Donald Trump pushed auto executives for more U.S. jobs and new manufacturing plants in the U.S. during a stop in Ypsilanti Township. Trump hinted then that a big auto industry announcement was coming last week, though it did not appear to happen. It’s unclear if Ford’s announcement is the same news teased by Trump.
Ford is on Tuesday’s Michigan Strategic Fund meeting agenda for business growth and investments, and likely will receive state incentives.
The automaker plans to invest $9 billion in U.S. facilities through 2019, resulting in 8,500 new or retained jobs, according to the 2015 contract. Besides the $700 million investment at Michigan Assembly for new products — the 2019 Ford Ranger pickup and the all-new Ford Bronco planned for production by 2020 — the contract outlines a $400 million investment planned for Flat Rock for Ford Mustang and Lincoln Continental production, and a $150 million investment at the Romeo Engine plant for engine updates. It is unclear whether Tuesday’s announcements go beyond those plans.
Ford Announces Investment in 3 Michigan Plants
This is big news for the United States, specifically the people in the Midwest who are desperate for jobs. Like and share this story if you stand with Trump and are excited about the work he is doing.[et_bloom_inline optin_id="optin_5"]