💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Ford plans to move Michigan offices into two new modern campuses

Published 04/12/2016, 02:55 PM
© Reuters. Handout of artist's rendering of new proposed Ford Motor Company facilities in Dearborn
F
-

By Joseph White

DETROIT (Reuters) - Ford Motor Co (N:F) said on Tuesday it will modernize and consolidate its sprawling Dearborn, Michigan, engineering and headquarters facilities over the next decade into two Silicon Valley-style campuses.

The auto company plans to move about 30,000 employees now housed in 70 buildings, some of which were built in the 1950s. The company will rebuild or upgrade 7.5 million square feet of office space in the transition.

One location will be focused on engineering, research, technology and vehicle development and the other centered around its headquarters building in Dearborn.

The company declined to say how much it plans to invest in the makeover.

Ford released artists' renderings of proposed workspaces with plants, contemporary furniture, open office designs and bright lighting.

New buildings will have broad expanses of glass and be surrounded by grass and trees. The new campuses will be "a walkable community with paths, trails and covered walkways," Ford said, and include autonomous vehicles, on-demand shuttles, ebikes, new onsite services for workers and faster wireless internet.

Such amenities are already found at the offices of big technology companies with which Ford competes for talent.

Ford's Chief Executive Officer Mark Fields and other Ford officials presented an overview of the company's plans for its Dearborn locations on a broadcast streamed on YouTube on Tuesday.

© Reuters. Handout of artist's rendering of new proposed Ford Motor Company facilities in Dearborn

In that broadcast, Joe Hinrichs, head of Ford in the Americas, said that the makeover will not affect output at the Dearborn Truck Plant, which makes the profitable F-150 pickup trucks.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.