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Ford Invests $350 million in Michigan Transmission Plant

Ford Motor Co said it would invest $350 million to upgrade its Livonia transmission plant in Michigan as the company expands its lineup of fuel-efficient powertrains.

The investment is part of the company's commitment to invest $9 billion and create or retain 8,500 hourly jobs in its U.S. facilities in the next few years.

* Ford Motor says investment in Livonia transmission plant in addition to $1.4 billion and 500 created or retained hourly jobs announced for plant in 2016

* Says investment in its Livonia transmission plant also includes creation and protection of 800 hourly jobs.