Ford promising $1.1 billion in Chicago-area investment

Ford Stamping Plant in south suburban Ford Heights

Ford Motor Co. will invest about $1.1 billion in its two Chicago-area factories if a tentative contract is approved by the United Auto Workers rank-and-file members.

Ford pledges to invest about $900 million in the Assembly Plant on the South Side and about $200 million in the Stamping Plant in south suburban Ford Heights, according to reports by Crain’s Chicago Business and Bloomberg…Please click here to read the Associated Press story in the Sun-Times.

Related: Ford to invest $900 million, hire 200 more at Chicago plant Ford plans to make the largest investment in the Calumet Region since the massive modernization project at the BP Whiting Refinery that wrapped up in 2013.

The Dearborn, Mich.-based automaker is looking at investing $900 million in the Chicago Assembly Plant in Hegewisch, where it will start making a new vehicle and hire 200 more employees. That’s more than double the amount Ford spent to modernize the 91-year-old plant, the oldest continuously operated one in its system, in 2010…Please click here to read Joseph S. Pete’s story in the Times.