Ford to invest $350 million in Michigan plant

Ford is pumping $350 million into a plant outside of Detroit where a new transmission for fuel-efficient vehicles will be built.

The Dearborn, Michigan, automaker said Friday that the investment in the Livonia Transmission Plant is expected to create or keep 800 jobs. Some jobs are expected to be added this year, but most will be filled over the next two years.

Upgrades to the Livonia facility are part of more than $2.25 billion in investments in the state announced this year by Ford Motor Co.

Ford says the advanced transmissions provide better fuel efficiency and performance.