What the Governor’s Talking about
Today
Monday, October 25,
2010
Governor Hails Ford
Commitment to Michigan
The governor today joined executives from the Ford Motor
Company to announce that pending final approval of state and local incentives,
the company plans to invest an additional $850 million into its Michigan operations to
manufacture an expanded line of fuel-efficient vehicles. The move will
retain 28,000 full-time Michigan jobs.
Ford’s $850 million investment commitment will support
the expansion of manufacturing capabilities for new fuel efficient six-speed
transmissions, vehicle personalization initiatives, new axle and gear set
production and other projects. By 2013, 100 percent of Ford vehicles will
incorporate a six-speed transmission as part of the company’s commitment to
leadership in fuel economy performance in all vehicle
segments.
On Tuesday, the Michigan Economic Growth Authority
(MEGA) will consider a job-retention incentive package to support Ford’s
investments in Michigan. Valued at $400 million over
the next 15 years, the package would replace three existing MEGA incentive
packages for Ford. Local incentives are also expected to be approved in
support of Ford’s expansion efforts.
Key
messages:
- This is a great
day for Ford and for Michigan. Thanks in part to our
aggressive economic development efforts, Ford has chosen Michigan to play a
continuing role in the manufacture of its cleaner and greener vehicles,
keeping 28,000 jobs in the state.
- Ford chose to
expand in Michigan over locations in
China, Eastern Europe, India, South
Africa and Thailand, and several Michigan automotive
plants will benefit. They include the Dearborn Truck Plant, Livonia Transmission, Sterling Axle and Van Dyke Transmission. Specific
details related to individual plant investments will be provided closer to the
production launches of the new work in each facility.
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