Ford to Invest US$450M in Electric Car Programs
Ford said today that it plans to invest an additional $450 million in Michigan to assemble lithium-ion battery packs, a gas-electric hybrid vehicle and a plug-in hybrid vehicle.
Ford also said it will assemble transaxles for electric vehicles at its Van Dyke plant in Sterling Heights.
The investment is in addition to a $550-million commitment the company previously announced to retool a former SUV plant called Michigan Assembly Plant to build the Ford Focus compact car and an all-electric Focus.
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