After a the Michigan Economic Growth Authority's monthly meeting in October, Gov. Jennifer Granholm announced that Michigan companies will invest $2.1 billion in order to create 6,000 jobs. Ford Motor Company will be one of the biggest investors with $850 million, creating 1,200 jobs.The investment is in response to an expected tax break for automakers in the process of job-retention. Ford is the only company out of the Big Three to avoid bankruptcy. The incentive is roughly $400 million. .
"The $850 Ford is investing means that jobs are going to be here in the future," said Granholm.
Ford will be able to make a wide range of more full-efficient cars and trucks, like the one being made at the Van Dyke Transmission Plant in Sterling Heights, Mich, expected to be finished by 2013. Jobs will also be available at the Dearborn Truck Plant, the Livonia Transmission plant, and the Sterling Axle plant.
The jobs will be filled over a three year span beginning in 2011. Three hundred positions will be salaried engineers in newly created positions. Of the other 900 hourly workers, roughly 200 Ford workers on temporary leave have the first rights to them. The workers will receive $14 an hour, the rate the UAW and autoworkers agreed on for new hires.
Car and truck sales reached an all time low in the U.S. since 1982 with an intake of $10.4 million in 2009. Ford expects sales to be at least $11.5 billion this year.
"Promoting investments in technologies, facilities and our workforce ultimately will help revitalize manufacturing in Michigan and help Ford compete with the best in the business world-wide," said Mark Fields, Ford's president of the Americas.