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Ford Growth Will Include $305M Investment in Dearborn Plant

According to the Detroit Free Press, the growth will include adding 2,350 jobs in Michigan.

Major growth for Ford Motor Company heading into 2013 will result in $776 million in investments and 2,350 new jobs, according to the Detroit Free Press.

The investment will include $305 million put into Dearborn's truck stamping plant, which is being prepared to build the company's next generation of F-series trucks. That construction has already begun, and will continue for six months.

North American Vice President of Manufacturing Jim Tetreault told the Free Press that the Dearborn-based auto maker's rapid growth is due to increasing demand for new cars and trucks, as well as the launch of several new vehicles in 2012.

"It was the most launches and capacity adds in a year that I have ever had in my career," Tetreault said.

Upgrades are also planned for Ford's plants in Sterling Heights, Flat Rock, Livonia and Wayne.

The upgrades in Dearborn join investments made over the past year and a half at Severstal Steel's local facility, which will amount to a one billion dollar overhaul of the plant, according to Severstal officials.

bitsy08 December 28, 2012 at 02:24 PM
By the statement - the launch of several new vehicles - do you mean new models? Wasn't that what got "the Big 3" in so much trouble in the first place? We don't learn anything by what we've gone through in the last 5 years?
Chris Roberts March 22, 2013 at 03:58 AM
Ford intends to replace some vehicles with newer, more feul-efficient versions. Look for an amazing all-new F-150, to replace the old version. They will release 3 sizes of feul-efficient vans (Ford Transit), which I expect will replace the E-Series in the near future. Finally, they will be re-vamping the Fiesta with a sportier look, and I expect and a more efficient turbo-charged engine, and I expect it to be a very popular model as gas prices drift above $5.00. They also continue to invest in the Fusion and C-Max, both of which are already surprisingly zippy for their carrying capacity and feul economy. I yearn for a next-generation Mustang to combine a high-performance 2.0L ecoboost with jaw-dropping electronics, but I don't see anything like that in the pipeline.

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