Ford makes $135 million investment in production of hybrid vehicles

Large Map
advertisement

Posted: 05/27/2010

YPSILANTI, Mich. (WXYZ) - Ford Motor Company is investing $135 million dollars across North America to design, engineer and produce components for their next generation hybrid vehicles.

The vehicles are scheduled to go into production in 2012.

As part of the investment, Ford will make a big investment in Michigan. That investment includes bringing green technology jobs to the state and making Michigan the center of Ford's vehicle electrification program.

Among the places jobs will be created are at the Rawsonville and Van Dyke Transmission plants. The company is planning on assembling battery packs at the Rawsonville Plant. The Van Dyke plant will be used to produce new electric-drive transaxle. Both projects will bring jobs back to Michigan from overseas facilities.

The new hybrids are part of Ford's plan to launch five electrified vehicles in the United States by 2012.

Those vehicles are scheduled to be unveiled in Europe in 2013.

Advertisement

Latest Money Headlines


  1. Chrysler relents, agrees to recall Jeeps

    Chrysler relents, agrees to recall Jeeps

    Chrysler Group reversed course and agreed to a recall of 2.7 million Jeeps Tuesday, giving in to the government's request in the final hours before a deadline.

    • Fed will continue $85B in bond purchases

      • Coed will graduate with $100K in loans

        • Operation Shredding: Join our free event

          • Home building continues to rise

            • GM recalls 194,000 SUVs