Ford investing $1.6B in Livonia, Ohio plants

Posted at 11:52 AM, Apr 26, 2016
and last updated 2016-04-26 18:12:27-04

Ford Motor Company announced it is investing $1.6 billion in two United States plants.

According to the automaker, the Livonia Transmission Plant will get $1.4 billion and the Ohio Assembly Plant with get $200 million.

The investment in the Livonia plant will create or retain 500 hourly jobs to build a new 10-speed transmission. That transmission will be introduced in the new F-150 and F-150 Raptor models later this year.

“We are proud that Ford employs more hourly workers and builds more vehicles in the United States than any other automaker,” Ford President of the Americas Joe Hinrichs said in a release.. “We are committed to manufacturing in the United States, as we have been for more than 100 years.”

According to Ford, the investment is part of the company's commitment to invest $9 billion over the next four years.