Gov. Jennifer Granholm and officials from the Ford Motor Company today announced that the car company would invest as much as $550 million in a production plant in Wayne. The investments will bring the operation up to date to produce the auto company’s first battery powered car as well as more fuel efficient automobiles.
The project is expected to retain 3,200 jobs with the potential to increase to 4,700 jobs over the next five years. According to an economic analysis conducted by the Michigan Economic Development Corporation (MEDC), the project also is expected to create and retain more than 12,000 indirect Michigan jobs.
“Ford is investing in both the future of the American auto industry and the state of Michigan by bringing together world-class products, advanced technology applications, and strong partnerships with the UAW to build the next generation of vehicles that will help end our nation’s dependence on foreign oil,” Granholm said. “In these challenging economic times, we applaud and appreciate Ford’s commitment to Michigan and to our talented workforce.”
“Our investment in the Michigan assembly plant will create a manufacturing facility able to compete with the best in the industry to produce small cars competitively,” said Ford President and CEO Alan Mulally. “As a key part of Ford’s transformation, it reflects not just an investment in our future, but also in the state of Michigan and in American manufacturing.”