Ford Motor Plans To Invest 200 Million in Sharonville Transmission Plant

Ford Motor Company today announced a $200 million investment in the Sharonville Transmission Plant for a future transmission that will make Ford a leader in high-performance, fuel-efficient powertrains. Earlier Ford motor announced that it will give modest bonuses to all employees in an effort to boost morale following one of the biggest downsizings in the company's history.

The investment will be used to retool the plant for flexible manufacturing and advanced powertrain production. Details of the transmission will be disclosed at a future date.

The investment is supported by a significant incentive package from the State of Ohio, Hamilton County and the City of Sharonville.

"Sharonville is working hard to achieve world-class productivity levels," said Joe Hinrichs, vice president, North America Manufacturing. "We appreciate the show of support from the state and local governments, and the UAW, which is working with us to make our plants competitive." - SOURCE: Ford Motor Company Press

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Posted March 10th, 2007 by Armen Hareyan