Ford is planning to invest $773 mn to expand factories across its home state of Michigan, generating 2,350 new jobs, according to reports.
Reports said that the investment will help save an additional 3,240 jobs.
Ford employs some 172,000 people and maintains 65 plants worldwide, report says.
India Infoline Research Team / 15:28, Mar 13, 2015
Markets are now reinforcing the perception of an early interest rate hike by US Federal Reserve, with consensus calling for the hike taking place in June, when compared with the prior expectations of a hike in September.