Ford Proposes $900-million Investment in Chicago Assembly Plant

Noria news wires

Ford Motor Co. has proposed a $900-million investment in its Chicago assembly plant under a tentative labor contract with the United Auto Workers (UAW). The investment would create approximately 200 new jobs at the plant.

Under the proposed agreement, the Chicago assembly plant will receive a $900-million investment to support production of the new Explorer and Police Interceptor, continued production of the Taurus, and a new vehicle that will be announced at a later date.

Production of the new vehicle would create approximately 200 jobs at the plant in addition to the existing 4,400 employees. The agreement also includes employee incentives that would create a near-term infusion of more than $54 million into the Chicago area.

"Ford's investment in Chicago under this agreement will create high-paying jobs and ensure the Torrence Avenue plant continues to grow for years to come," said Chicago Mayor Rahm Emanuel. "Ford knows that Chicago's workforce, transportation systems and quality of life are second to none, and this contract is a win for both Ford's workers and the south side of Chicago."

The four-year agreement has been approved by Ford and UAW leadership, and now goes to workers for ratification.

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