Ford invests $550M to convert truck plant to build compact cars
WAYNE, Mich. — Ford will invest $550 million to convert its old Michigan Truck Plant into a facility that will build small compact cars, the carmaker said today.
The retooled facility, which once built sport utility vehicles like the Lincoln Navigator, will now build Ford's next-generation Focus, expected to roll off the line next year.
The plant also will build a new battery-electric version of the Focus for the North American market. That vehicle is expected to debut in 2011.
The struggling automaker said roughly 3,200 jobs will be created in Michigan because of the plant conversion.
The majority of Ford's investment will be spent on manufacturing at the site and the remainder on engineering and launch costs.
Ford said it also will consolidate operations at its Wayne Assembly plant and transform two other truck and SUV plants — the Cuautitlan Assembly in Mexico and the Louisville Assembly in Kentucky — as part of the retooling.
"We're changing from a company focused mainly on trucks and SUVs to a company with a balanced product lineup that includes even more high-quality, fuel-efficient small cars, hybrids and all-electric vehicles," said Mark Fields, Ford's president of The Americas, in a statement.
