Ford Motor Co. agrees to invest $200 million for retooling at its Sharonville, OH, transmission plant, the United Auto Workers Union says.

The investment will be used to build a new fuel-efficient transmission, union officials say.

“This shows what we can accomplish when we work together to preserve good-paying manufacturing jobs in the U.S., UAW President Ron Gettelfinger says in a statement.

The plant is represented by UAW Local 863 in Sharonville.