Auto-mobile giants Ford Motors is going to invest a staggering $350 million in its Livonia Transmission Plant as the company expands its lineup for fuel-efficient powertrains.
The company said, the movie will impact at least 800 jobs, either through retention or creating new positions.
President of the company, Joe Hinrichs said: "We remain committed to American manufacturing and investing in our people and facilities."
The Americas, in a statement. "Even as the industry's largest employer of hourly workers in the United States and biggest producer of American-made vehicles, we believe it is important to continue investing right here in our home market," he added.
The reports on the southeast Michigan factory comes as the company continues cost-cutting. At least 1,400 salaried workers will be eligible for buyouts as the company seeks to trim its white-collar headcount.
The auto-makers are focusing upon increasing profitability and is also upgrading its manufacturing capability as technology increases its force in automotive production.
The company announced more than $2.25 billion investments in Michigan plant. Ford has already invested about $12 billion in its plants across the United States and created a total of nearly 28,000 jobs in the span of last five years.
The investment on Livonia Transmission Plant and 500 created or retained hourly jobs was announced in 2016 to support the production of a new 10-speed transmission for the 2017 F-150 trucks.
The investments are supported by a strong partnership with the UAW and federal, state governments.
The Transmission Plant in Livonia employs about 1,800 people. It builds six-speed and 10 speed transmissions used in a number of vehicles including Mustang, F-150, Transit and Expedition.
The investments will support the production of a new, advanced transmission for front wheel drive vehicles.
According to the company, "The transmission will be finely tuned to blend fun driving and efficiency with Ford engines, including EcoBoost(r).
Most applications will use a common microprocessor with more than 4 million lines of code controlling both engine and transmission."
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