Ford's Wayne, Dearborn Plants Get $1.45 Billion in New TechAll Articles
Ford Motor Company will expand two of its key facilities and establish a new vehicle modification center, creating more than 3,000 new jobs in Michigan.
Ford is investing approximately $750 million and adding 2,700 new direct jobs at its manufacturing facility in Wayne, Michigan during the next three years. Ford will install new equipment to support production of the all-new Ford Bronco and Ford Ranger, as well as create a new vehicle modification center at that location where Ford’s first autonomous vehicles will be completed starting in 2021.
At its Dearborn Truck Plant (DTP), Ford will add 300 jobs and invest nearly $700 million in new manufacturing equipment and tooling to support production of new electrified variants of its F-150 truck series, producing both a hybrid and fully electric vehicle. Ford will also create a new battery operation at that location, where workers will assemble battery cells into battery backs for the F-150 hybrid and F-150 battery electric vehicles.
For Ford’s commitment to creating and maintaining a minimum of 3,000 jobs with an average wage of equal to or greater than the regional average, the Michigan Strategic Fund approved tax incentives which include: 100% Good Jobs for Michigan withholding tax capture for up to 10 years capped at up to $26 million; A 100% State Essential Services Assessment exemption for up to 15 years valued at up to $6.1 million for the MAP facility; A 100% SESA Exemption for up to 15 years valued at up to $3.185 million for the DTP facility.
“This is great news for Michigan auto workers, their families and our economy as a whole, I’m glad Ford recognizes that Michigan is home to some of the most innovative, hardworking people in the world and has opened up opportunities for 3,000 new good-paying jobs in our state. Today’s announcement proves that in Michigan, the state that put the world on wheels, we’re ready to build, test and deploy the cars of the future. Let’s get to work.” said Governor Whitmer.
“Ford is proud to be America’s number one producer of vehicles and the largest employer of UAW-represented autoworkers. We appreciate the strong support from the State of Michigan and our local government partners as we continue to invest in our operations and people in Michigan.” said Joe Hinrichs, Ford’s President, Automotive.
Ford Motor Company designs, manufactures and services cars and trucks. The Company also provides vehicle-related financing, leasing and insurance through its subsidiary. The company was founded by Henry Ford and incorporated on June 16, 1903. Ford is headquartered in Dearborn, Michigan, a suburb of Detroit.
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