Ford to invest $944m to expand factories in US, create 2,350 jobs
CHICAGO (AFP) - US auto giant Ford said on Thursday it will invest US$773 million (S$944 million) to expand factories across its home state of Michigan, generating 2,350 new jobs, part of a plan to add 12,000 jobs by 2015.
The investment will help save an additional 3,240 jobs, it said.
"Even as we wrap up an incredibly busy year of capacity expansions and product launches, we are continuing to look to the future," Jim Tetreault, Ford vice president of North America Manufacturing, said in a statement.
"These investments, many of which are already under way, will ensure our southeast Michigan manufacturing facilities can support our aggressive growth plans."