Ford Invests $450M In Michigan For Hybrids & PHEVs
♫ Monday, February 28th, 2011
Will Also Design Battery and Hybrid Transmission Development In-House
Ford, who just unveiled the new Focus, has also announced that it would invest an additional $450 million in its Michigan Assembly Plant in Wayne, Michigan (formerly a SUV plant). That’s on top of $550 million already invested to turn that plant into a factory for the new Focus and Electric Focus. On top of this, Ford must have realized that it will very soon be a big competitive advantage to have its own battery and hybrid transmission technology, so they’ve decided to bring that development in-house.