• We are currently looking for experienced automotive journalists and editors to join our team.  Make $60k-$80k per year doing what you love. We are also looking for an experienced forum moderator to join our team. See details here. ×

Ford’s Livonia Transmission Investment Scores Company A Tax Break

Sponsored Links

Earlier this week, Ford announced a total of $1.6 billion of investments to be made in the Midwestern United States, split between the automaker’s Livonia Transmission Plant in Michigan ($1.4 billion) and Ohio Assembly Plant ($200 million).

Ford’s sizable future investment in Michigan, at least, will garner the automaker millions of dollars in tax breaks over the next decade-and-a-half.

According to news site MLive, Ford has been granted a personal property tax exemption from the Michigan Strategic Fund, valued at $27.3 million over the next 15 years. The $1.4 billion investment is part of Ford’s commitment to the UAW to invest a total of $9 billion in US production over four years – the effective term of the latest Ford-UAW contract. It will go toward updating the plant for production of a new, 10-speed automatic transmission, allowing Ford to create or retain some 500 jobs at a plant which currently employs about 1,550 hourly workers.

The personal property tax is already on the way out in the state of Michigan. Despite its name, the tax is actually levied primarily at businesses, for equipment and other assets. Back in late-2012, Governor Rick Snyder signed a number of bills to begin to phase out the tax over the next decade.

  • Sweepstakes Of The Month: 2021 Ford Mustang Shelby GT500 plus $25K in cash. Details here.
Sponsored Links

Subscribe to Ford Authority
For around-the-clock Ford news coverage

We'll send you one email per day with the latest Ford updates.

It's totally free.

Written by Aaron Brzozowski

Aaron Brzozowski is a writer and motoring enthusiast from Detroit with an affinity for '80s German steel. He is not active on the Twitter these days, but you may send him a courier pigeon.

Sponsored Links

Leave a Reply

Your email address will not be published. Required fields are marked *

American Muscle Giving Away Supercharged Ford Mustang, F-150 Raptor

Possible Ford Shelby GT500 Mustangs Spied At The Drag Strip: Video