Ford Motor plans $1.4 Billion Livonia expansion, 500 jobs. FCA investing $74.7 Million in Trenton

LANSING — CRAIN’S DETROIT BUSINESS – Ford Motor Co. plans to invest $1.4 billion into its Livonia transmission plant to produce a new transmission used in its Raptor and F-150 trucks, part of a larger project that also includes a $200 million investment in Ohio.

In addition, Fiat Chrysler Automobiles will invest $74.7 million at a Trenton engine plant to bring production of its four-cylinder engines there starting in the third quarter of 2017.

Both automakers on Tuesday won state tax exemptions worth a combined $28 million from the Michigan Strategic Fund, a division of the Michigan Economic Development Corp., to support the projects.

The MEDC said approval of the financing will help Ford create 500 hourly jobs when it expands the Livonia plant, which currently makes six-speed, rear-wheel-drive transmissions.

Read more of this story from Crain’s Detroit Business by Lindsay VanHulle

Photo courtesy of Ford Motor Company

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