Ford to invest $1.4 billion in Livonia Transmission plant
Ford Motor Company's investment of $1.4 billion will upgrade its Livonia Transmission plant to build a new, more fuel-efficient 10-speed transmission for some models of F-150 trucks.
At the same time, Ford is also building a new factory in Mexico, part of a strategy to build SUVs and trucks in the U.S. and cars in Mexico.
The UAW doesn't like that strategy, but Ford points out it still employs more than 55,000 hourly workers in the U.S. That's more than any other automaker in the country.
Ford says the most recent investment will help retain 500 jobs at the Livonia plant.
The Michigan Economic Development Corporation says Ford will receive a tax break worth $27.3 million spread over 15 years.