Detroit 3 Investments in Michigan
October 27, 2010The State of Michigan has made a concerted effort to retain investment and jobs connected with the Detroit 3 firms. This effort has resulted in the announcement of major investments by all three companies this week in plants in Michigan. Ford is investing $850 million in at least four plants; Chrysler is investing $1 billion in Sterling Heights and Dundee, much of which underlines their commitment to the ongoing operations at the Sterling Heights facility; and GM is investing $190 million in Lansing. This is clear evidence that the financials of the companies are being bolstered, even with a slow improvement in the economy, and we certainly expect more investment in support of these facilities across the region as result of these major investments.
Please see links to the articles below for more information:
Ford Invests $850 Million
Chrysler Invests $1 Billion
GM Invests $190 Million
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