USA: Ford spends big in two plants to build new automatic transmission
Ford Motor Company is investing up to $US325 million in two transmission plants to build an all-new, rear-wheel-drive six-speed automatic transmission. This includes an investment of $170 million in the Livonia (Michigan) Transmission Plant and $155 million for Ford's Sharonville (Ohio) Transmission Plant, near Cincinnati. Since November 2002, the company has invested more than $1.3 billion in tooling and equipment at its North American powertrain plants.
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