Ford Bringing Hybrid Battery Production Back to Michigan

Total Ford investment in electric-drive technology nearing $1 billion in the past year.

Published: 13-Jan-2010

DETROIT - Ford Motor Co. said yesterday it is investing $450 million in production facilities where it will build hybrids, electric vehicles, and electric vehicle batteries.

The announcement, made at the North American International Auto Show (NAIAS) here, will bring Ford's investment in hybrids and electrics to nearly $1 billion in the past year,

"It's a major development for our company, our community, and our country," noted Ford chairman William Clay Ford, addressing reporters at Ford's NAIAS booth.

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