Ford_News
01-19-2011, 02:14 PM
Filed under: Plants/Manufacturing (http://www.autoblog.com/category/plants-manufacturing/), Ford (http://www.autoblog.com/category/ford/)
http://www.blogcdn.com/www.autoblog.com/media/2011/01/kansas-city-630.jpg (http://www.autoblog.com/2011/01/19/ford-investing-400m-in-kansas-city-plant-for-unnamed-new-car/#continued)
Ford (http://www.autoblog.com/make/ford) has announced plans to invest $400 million in its Kansas City Assembly plant in Missouri. The company is shifting production of the Escape (http://www.autoblog.com/model/escape) from that facility to its Louisville, Kentucky plant, which will open up a line for an unnamed model. There's some indication that the FoMoCo crew is planning to build the Transit Connect (http://www.autoblog.com/model/transit connect) alongside the F-150 (http://www.autoblog.com/model/f-150) at the Kansas City facility. Regardless of what model Ford plans to build there, the company's investment will go toward new tooling, a new body shop and other improvements, while managing to save 3,750 jobs in the process.
Ford will receive around $150 million in tax breaks over 10 years for keeping the Kansas City plant up and kicking as part of the 2010 Missouri Manufacturing Jobs Act. The legislation provides tax incentives for automakers who retain jobs through new investments.
The Blue Oval is now in the process of retooling a total of four plants for upcoming products. The company just recently announced that it is investing $600 million in the Louisville, Kentucky plant to produced the next-generation Escape. Hit the jump (http://www.autoblog.com/2011/01/19/ford-investing-400m-in-kansas-city-plant-for-unnamed-new-car/#continued) for the press release.
[Sources: Ford, Automotive News (http://www.autonews.com/apps/pbcs.dll/article?AID=/20110118/OEM/110119781/1254) - Sub. Req.]Continue reading Ford investing $400M in Kansas City plant for unnamed new car (http://www.autoblog.com/2011/01/19/ford-investing-400m-in-kansas-city-plant-for-unnamed-new-car/)
Ford investing $400M in Kansas City plant for unnamed new car (http://www.autoblog.com/2011/01/19/ford-investing-400m-in-kansas-city-plant-for-unnamed-new-car/) originally appeared on Autoblog (http://www.autoblog.com) on Wed, 19 Jan 2011 16:00:00 EST. Please see our terms for use of feeds (http://www.weblogsinc.com/feed-terms/).
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http://www.blogcdn.com/www.autoblog.com/media/2011/01/kansas-city-630.jpg (http://www.autoblog.com/2011/01/19/ford-investing-400m-in-kansas-city-plant-for-unnamed-new-car/#continued)
Ford (http://www.autoblog.com/make/ford) has announced plans to invest $400 million in its Kansas City Assembly plant in Missouri. The company is shifting production of the Escape (http://www.autoblog.com/model/escape) from that facility to its Louisville, Kentucky plant, which will open up a line for an unnamed model. There's some indication that the FoMoCo crew is planning to build the Transit Connect (http://www.autoblog.com/model/transit connect) alongside the F-150 (http://www.autoblog.com/model/f-150) at the Kansas City facility. Regardless of what model Ford plans to build there, the company's investment will go toward new tooling, a new body shop and other improvements, while managing to save 3,750 jobs in the process.
Ford will receive around $150 million in tax breaks over 10 years for keeping the Kansas City plant up and kicking as part of the 2010 Missouri Manufacturing Jobs Act. The legislation provides tax incentives for automakers who retain jobs through new investments.
The Blue Oval is now in the process of retooling a total of four plants for upcoming products. The company just recently announced that it is investing $600 million in the Louisville, Kentucky plant to produced the next-generation Escape. Hit the jump (http://www.autoblog.com/2011/01/19/ford-investing-400m-in-kansas-city-plant-for-unnamed-new-car/#continued) for the press release.
[Sources: Ford, Automotive News (http://www.autonews.com/apps/pbcs.dll/article?AID=/20110118/OEM/110119781/1254) - Sub. Req.]Continue reading Ford investing $400M in Kansas City plant for unnamed new car (http://www.autoblog.com/2011/01/19/ford-investing-400m-in-kansas-city-plant-for-unnamed-new-car/)
Ford investing $400M in Kansas City plant for unnamed new car (http://www.autoblog.com/2011/01/19/ford-investing-400m-in-kansas-city-plant-for-unnamed-new-car/) originally appeared on Autoblog (http://www.autoblog.com) on Wed, 19 Jan 2011 16:00:00 EST. Please see our terms for use of feeds (http://www.weblogsinc.com/feed-terms/).
Permalink (http://www.autoblog.com/2011/01/19/ford-investing-400m-in-kansas-city-plant-for-unnamed-new-car/) | Email this (http://www.autoblog.com/forward/19806789/) | Comments (http://www.autoblog.com/2011/01/19/ford-investing-400m-in-kansas-city-plant-for-unnamed-new-car/#comments)
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