Business, Economics and Jobs

Ford to add 12K new jobs over next three years


Thai models pose next to a Ford Focus on display at the 33rd Bangkok International Motor Show in Thailand on Mar. 27, 2012.



Finally some good news for Detroit.

The Ford Motor company announced on Thursday that it would spend more than $773 million to expand its manufacturing facilities and would create about 2,350 new hourly jobs in Michigan as part of a plan to invest $6.2 billion and add 12,000 new positions by 2015.

"Even as we wrap up an incredibly busy year of capacity expansions and product launches, we are continuing to look to the future,"  said Jim Tetreault, Ford vice president of North America Manufacturing. "These investments, many of which are already under way, will ensure our southeast Michiganmanufacturing facilities can support our aggressive growth plans."

The investment won't just be adding jobs, it'll be saving them. According to USA Today, about 3,240 jobs were remain safe. Ford Motor Company has about 172,000 employees and 65 plants worldwide.