Tuesday, January 9, 2007

Ford to invest $866 millon in Michigan plants

Good old Ford family. With such great cars as the Ford Focus, a football franchise that only wins so they don't have to get the #1 pick, and allowing a man to put himself in a position that it would take him 3 straight perfect seasons to get to a .500 record. Yet they still make money.

By SARAH A. WEBSTER

FREE PRESS BUSINESS WRITER

Ford Motor Co. officials at the Livonia Transmission plant today announced investments in six southeastern Michigan Ford facilities totaling $866 million.

The investments will bring the manufacturing facilities up to date so they can more flexibly build new and current models, such as the 2008 Ford Focus and the 2009 Ford F-150, which will be all-new.

In August, Ford and the state jointly announced that the automaker would invest up to $1 billion in Michigan facilities and receive up to $151 million in state tax incentives.

Story

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