Tag: mark fields

Ford Invests $350 Million, Creates or Protects 800 Jobs, Adding New Fuel-Efficient Transmission to Michigan Plant

DEARBORN, Mich., May 19, 2017 – Ford is investing $350 million in its Livonia Transmission Plant, adding a new transmission to expand its lineup of fuel-efficient powertrains as part of the company’s plan to fortify its core automotive business. The company will create or retain 800 hourly jobs to support production of the new transmission. Ford expects to begin adding jobs late this year, with the majority coming next year and in 2019. Read more at media.ford.com >>>   Photo by Google Maps

Statement from UAW Vice President Jimmy Settles on Ford Profit-Sharing Announcement

“This morning, Ford Motor Co. announced their 2016 North American full-year profits of $9 billion. This is exciting news as our members will each see a significant profit-sharing financial payout per the 2015 collective bargaining agreement. “This is also an important indicator that Ford Motor Co. is a healthy, financially secure company which translates to job security for our members. “The profit-sharing payout, expected to average approximately $9,000 for each of our 56,000 hard-working men and women, will provide a substantial benefit to their respective communities across this great country. “I’m also reminded that profit sharing is a major topic ... Read more