STERLING HEIGHTS, MI—Ford Motor Co. is hiring 225 workers and adding an assembly line at its assembly plant here to make a new hybrid-electric transmission. The carmaker is investing $220 million in the project.
BIRMINGHAM, MI—Wealth management firm The Schindler Group is hosting a series of free, educational webinars for Ford and GM retirees who face the question of whether to take a pension or a lump-sum payment. The webinars will be held at 1 p.m. EDT July 10 and 16.
DETROIT—Harold “Red” Poling, Ford Motor Co.’s CEO in the early 1990s, has died. He was widely credited with imposing a tough restructuring program that turned around Ford’s money-losing North American automotive operations in the early 1980s.
DETROIT—About 1,700 Ford factory workers have decided to take early retirement offers and will leave the company by June 1. The automaker will bring back about 250 laid-off employees and hire some replacements at lower wages.
There were 45 operations involved in producing a Model T chassis on the first moving assembly line, which debuted at Ford’s Highland Park, MI, plant in early 1914.
