LAST UPDATE: 05/06/09 - DATE VIEWED:
09/04/2010
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Ford Motor Co. said it's spending $550 million to transform a Michigan truck plant into one that builds small cars. Production for the North American market of the new global Ford Focus begins next year followed by production in 2011 of a battery-electric Focus, the company said. The $550 million investment in Michigan Assembly includes more than $430 million in manufacturing investment at the site, as well as $120 million for launch and engineering costs. The state of Michigan, Wayne County and the city of Wayne contributed more than $160 million in tax credits and grants
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