Total investment in the plants by the two automakers is $720 million. "This partnership between Ford and GM will strengthen Michigan's manufacturing might and affirm Michigan's place as the world leader in automotive technology," says Gov. Jennifer Granholm. "It is this kind of visionary cooperation that will truly drive Michigan's 21st century economy."
To manufacture the transmission, GM is investing $350 million and Ford is investing $370 million. The investments include new equipment, tooling and facilities upgrades at their respective plants.
Ford's Van Dyke plant will build major components and assemble the transmission. Its Sharonville plant, the company's new center of excellence for gear machining, will manufacture the gears for Ford transmissions. GM's Warren plant will build major components and assemble GM six-speeds. The automakers were awarded property tax abatements in all three cities.
GM's Warren plant was purchased in 1960, has more than two million sf and employs almost 1,700. Ford's Van Dyke plant opened in 1968, has two million sf and employs more than 1,900. Ford's Sharonville plant opened in 1958, has 2.4 million sf and employs more than 2,200.
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