From: Porter, Paulette (GOV)
Sent: Monday, October 25, 2010 4:40 PM
Subject: What the Governor's Talking about Today

Importance: High

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.

          

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