Agent009
Agent009
"If everything seems under control, you're just not going fast enough."
View My AgentSpace

Print this Page | Digg It | del.icio.us

Who Will Be Next?:State of Michigan Gives Ford $300 Million to Stay
The state Michigan has agreed to give Ford Motor $300m to keep open six of its factories in the state.

The move, which amounts to subsidies of about $23,000 per worker, could help safeguard 13,000 jobs in the state.

In return, Ford has vowed to invest $866m to upgrade the ancient equipment in the plants.

The firm had threatened to go to other neighbouring states, such as Minnesota and Indiana, which had also been prepared to offer subsidies.

Ford's investment will pay for the retooling of its Wayne assembly plant to produce the new 2008 Ford Focus small car and a $200m investment to produce Ford F150 trucks on the old River Rouge site.

Read Article
Who Will Be Next?:State of Michigan Gives Ford $300 Million to Stay



Comments:

Images hosted in your AgentSpace can now be posted in the comments section using the following syntax (case matters):
[img]IMAGE URL[/img]
Example: [img]http://agent004.myautospies.com/users/150/Sample-Gallery/sample1.JPG[/img]

mynecksonfiremynecksonfire - 1/11/2007 2:05:46 PM
+3 BoostDrop the Boost Up the Boost
So, why should we buy American again? I say to hell with those dumb assemblyline workers and to hell with such a badly run comppany.

reply to this comment
lewissalemlewissalem - 1/12/2007 11:29:37 AM
0 BoostDrop the Boost Up the Boost
I understand why it was done. My area lost out to the Benz plant that was built in Alabama instead, and incentives were offered in that situation. This is just a sign of the times for American manufacturing jobs.


mynecksonfiremynecksonfire - 1/11/2007 2:05:46 PM
+3 BoostDrop the Boost Up the Boost
So, why should we buy American again? I say to hell with those dumb assemblyline workers and to hell with such a badly run comppany.

reply to this comment
OBSERVER1984OBSERVER1984 - 1/11/2007 3:26:41 PM
+4 BoostDrop the Boost Up the Boost
HAHAHAHAHA what the hell is that!?!
To pay somebody to keep producing cars that could not be sold!!!
Who needs this?


reply to this comment
bigTYMEbigTYME - 1/11/2007 3:44:10 PMView My AgentSpace
-1 BoostDrop the Boost Up the Boost
I do and almost three quarters of the people of Metro Detroit. Half of my business is based on autoworkers. When they leave, there goes half of my income. Just to let you know, Detroit has the highest level of unemployment now, and we need people to live here for the best of our economy.


TonyOrlandoTonyOrlando - 1/11/2007 3:56:52 PM
-1 BoostDrop the Boost Up the Boost
It's better than Georgia gave Kia $400M of taxpayer money to build its first US plant there, but since they only employ 2,500 employees that's $160,000 per employee. That's to build a car with virtually no American parts content, so the money made by the plant American taxpayers paid for all gets funneled out of the country. Nice.

reply to this comment
stevenv1999stevenv1999 - 1/11/2007 4:40:33 PM
+3 BoostDrop the Boost Up the Boost
I know Ford keeps jobs locally and supports the local economy and of course it would be sad if Ford left that area, but I have to agree with or at least in spirit mynecksonfire. Every American car company has been aware of serious problems with quality since at least 1980 and has done only the minimum to be competitive. For those who cannot add very well, that is 27 years to maintain their positions in the market.
The State of Michigan was wrong for what they did. This is typical for American automakers and that is put a band-aid on the problem and our stock prices will level off for a little while until the next crisis. They should be allowed to fall on their faces.


reply to this comment
stevenv1999stevenv1999 - 1/11/2007 4:59:05 PM
+2 BoostDrop the Boost Up the Boost
(This is how it should have read)This is typical for American automakers and that is to put a band-aid on the problem until our stock prices level off for a little while and this is until we have our next crisis.

reply to this comment
99gs40099gs400 - 1/12/2007 10:54:01 AM
+2 BoostDrop the Boost Up the Boost
Steal from Peter to pay Paul , we tax payer loses !!!
Should just let the big 3 sink like the titanic. RIP


reply to this comment

To post a comment for this story, you must first Login.

If you do not have an account, you will need to Register (It's Free!).

Most Recent Stories
BREAKING PORSCHE NEWS: The Panamera Breaks Cover, Not At the LA Auto Show - But Here At AutoSpies.comRenault-Nissan Alliance unveils brand-new V6 dCi Diesel engineVw Scirocco is the official 2009 TUNE IT! SAFE! campaign vehicle2010 Lincoln MKZ revealed in LALA Auto Show: Hyundai HED-5 i-Mode ConceptLast Lamborghini Reventon reaches its buyerVw Rabbit and GTI making U.S. debut in Sempember 20092009 Mercedes-Benz GLK U.S. pricing announcedA Day At The Los Angeles Auto Show - Agent 00J Asks the Questions He Thinks You Want Answered In His Search For the Truth!Honda And Acura Top Redisdual Value RankingsThe Most BRILLIANT Idea Yet On The Bailout! Should The Oil Companies Foot The Loans To Help The Auto Industry?Diamond-crusted Lamborghini key fob by Amosu Luxury2008 LA Auto Show: Honda Insight Concept introduces Ecological Drive Assist SystemHas BMW Found The Diesel Solution With The 335d?Are We Being Fair? US Automaker Bailout Raises WTO Legality ConcernsWEB RAGE FRIDAY RETURNS! Be Loud And Proud And Vent Your Gripes Now!House Speaker Takes The Bankruptcy Option Off The Table For The Detroit 3GM Returns 2 or 7 Corporate Jets After Whipping Shed Moment In WashingtonCar Driver Names Its Top 10 But Is Your Favorite On The List?Volkswagen Jetta Diesel Wins 2009 Green Car of the YearLaw Makers Approve Short Term Bailout With ConditionsJaguar XF Cabrio to debut at the 2009 Detroit Motor Show in JanuaryLA 2008 Live: 2010 Cadillac CTS Sport Wagon is here even though its delayedLA AUTO SHOW: More Goodies For The Eyes From The Show Floor In The City Of AngelsOfficial: 2009 Porsche Cayenne Diesel unveiled and priced at €47,250Volkswagen Touareg TDI Trophy Truck unveiled in LALast Ditch Deal With Automakers May Get Approval- But Can They Be Trusted?GMAC Files For Banking Status In Effort To Access $700 Billion Bailout PackageVw Touareg V6 TDI priced at $42,800Saab 9-6x patent photosLA AUTO SHOW: The All New RX, The Bread And Butter Crossover/SUV Makes Its Grand Entrance Audi Sees Dual Clutch Transmissions Making Into 90% Of Lineup In Near FutureMitt Romney Makes An Open Call To Let Detroit Go Bankrupt LA AUTO SHOW: Infiniti's G37 Convertible Officially Hits The RoadCongress Takes The Detroit 3 To The Whipping Shed And They STILL Have No Clue Why!Jaguar XF coupe and convertible receive the greenlightLA AUTO SHOW: 2009 Bentley Azure TunveiledLA AUTO SHOW: 2009 BMW 750 Li gets iDrive powered owner’s manualLA AUTO SHOW: 2009 Nissan 370Z pricing announced2010 Nissan GT-R No Longer with Launch ControlLA AUTO SHOW: First Day Recap Highlights From The Show Floor-Some Sweet Stuff!LA 2008: Honda surprises with FC Sport fuel cell sports car conceptLA AUTO SHOW: Toyota's New CNG Powered Hybrid Camry Is A GasLA AUTO SHOW: Mazda 3 Compact Sedan Gets A Re-do And Will Be The Future Underpinnings For The Next Ford Focus. THANK GOD!LA AUTO SHOW: Nissan's Iconic 370z Gets Edgy With This Redo Audi's Q7 and A5 Both Take KBB Top Resale Value Honors How About The Full Scoop On BMW's New 7 Series Hybrid!German Company Offers GM $1.3 Billion To Buy Opel And Turn It GreenFord of Europe to remain profitable in 2009, says CEODetroit Three Beg For Money From Congress After Arriving In Corporate Jets