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Ford plans to invest $350 million to build new fwd transmissions



Ford invests $1.8 billion in the plant

Following the 2015 UAW deal, Ford Motor Co. has vowed to invest  $350 million in its  Livonia Transmission plant.

The car manufacturing company said that the allotted money will support a new transmission for front-wheel-drive vehicles. The move will create or retain 800 jobs.

According to the statement by the Ford's president of the Americas, Joe Hinrichs, "we remain committed to American manufacturing and investing in our people and facilities, even as the industry's largest employer of hourly workers in the United States and biggest producer of American-made vehicles, we believe it is important to continue investing right here in our home market."

Ford did not say how many jobs will be created or retained, and a spokeswoman said Ford expects the majority to be filled by current Ford workers. It expects to begin adding jobs late this year, with the majority coming next year and in 2019.

Read Also: New Ford technology will eliminate hitting pedestrians and night driving fears

Ford in its 2015 UAW deal vowed to invest $1.8 billion in the plant and add three new transmissions. Last year, it announced a $1.4 billion investment to make its new 10-speed transmission, which first rolled out on its F-150 and Raptor pickups.

Ford said this new transmission, which will increase fuel efficiency, will share some software and design elements with its 10-speed.

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