Ford to invest $740 million in Detroit train station, city development project [Reuters]
Ford Motor Company (F)
Last ford motor company earnings: 4/28 04:09 pm
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Source: Reuters
Ford to invest $740 million in Detroit train station, city development project | Reuters 3 Min Read WASHINGTON (Reuters) - Ford Motor Co ( F.N ) disclosed Tuesday it will spend $740 million on a project to revamp Michigan Central Station, Detroit’s historic but dilapidated former rail station, as well as other neighborhood sites. Ford aims to turn the building into a campus of offices for up to 5,000 tech workers and software engineers focused on self-driving vehicles and ancillary technologies and services. The second largest U.S. automaker based in Dearborn, Michigan, about 10 miles from Detroit, announced the project in June, but had not previously disclosed costs until a community meeting on Tuesday. The company said Tuesday in a statement it is “working with federal, state and local economic development groups and officials, seeking at least $250 million in tax or other incentives to support the development of the five Corktown sites Ford has purchased.” Ford said total investm
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- Ford Motor (NYSE: F) had its price target raised by analysts at Royal Bank of Canada from $12.00 to $13.00. They now have a "sector perform" rating on the stock.MarketBeat
F
Earnings
- 4/24/24 - Beat
F
Sec Filings
- 4/25/24 - Form 10-Q
- 4/25/24 - Form S-8
- 4/25/24 - Form S-8
- F's page on the SEC website