Ford Invests $200 Million in Transmission Plant

Ford Motor Co. announced a $200 million investment in the Sharonville, OH, transmission plant for a future high performance, fuel-efficient transmission. The investment will be used to retool the plant for flexible manufacturing and advanced powertrain production. The company says details of the transmission will be disclosed at a future date. According to the company’s press release, the investment is supported by a significant incentive package from the State of Ohio, Hamilton County and the City of Sharonville. "Sharonville is working hard to achieve world-class productivity levels," says Joe Hinrichs, vice president, North America manufacturing. "We appreciate the show of support from the state and local governments, and the UAW, which is working with us to make our plants competitive."