FORD INVESTS $450 MILLION MORE IN ELECTRIC VEHICLES; NEXT-GENERATION HYBRID, PLUG-IN HYBRID AND NEW BEV WILL BE PRODUCED AT MICHIGAN ASSEMBLY PLANT
- Ford will invest another $450 million in Michigan as part of the company’s aggressive electric vehicle plan
- Engineering, production and launch of new electrified vehicles, battery systems and hybrid transaxles will create up to 1,000 new jobs in Michigan
- Ford will build a next-generation hybrid vehicle and plug-in hybrid vehicle at Michigan Assembly Plant beginning in 2012 – in addition to producing the new Ford Focus and Focus Electric at Michigan Assembly in 2010 and 2011, respectively
- Ford will design advanced lithium-ion battery systems for the next-generation hybrid in Michigan and move production of battery packs from Mexico to Michigan
- State of Michigan tax credits enabled Ford’s electric vehicle investment
DETROIT, Jan. 11, 2010 – Ford Motor Company today announced it will invest an additional $450 million in its aggressive electric vehicle plan, paving the way to build a next-generation hybrid and plug-in hybrid vehicle in Michigan beginning in 2012 and creating 1,000 new jobs.
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