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Stock impact report

Ford to spend roughly $740M on Detroit redevelopment plans [MSN Money]

Ford Motor Company (F) 
Last ford motor company earnings: 4/28 04:09 pm Check Earnings Report
US:NYSE Investor Relations: shareholder.ford.com
Company Research Source: MSN Money
© The Associated Press FILE - This Monday, June 11, 2018, photo shows the historic Michigan Central Station in Detroit. Ford Motor Co. said Tuesday, Aug. 14, 2018, it plans to spend roughly $740 million renovating Detroit's long vacant train depot and redeveloping other area properties for research and development of self-driving vehicles. (AP Photo/Carlos Osorio, File) DETROIT — Ford Motor Co. plans to spend roughly $740 million renovating Detroit's long vacant train depot and redeveloping other area properties for research and development of self-driving vehicles . The Dearborn-based company in June used the Michigan Central depot as a backdrop while publicly laying out plans for the 105-year-old train station and surrounding Corktown neighborhood, but the anticipated cost wasn't detailed. The automaker's Ford Land development arm announced Tuesday it expects to seek $250 million in tax incentives to help offset the cost. Ford's plans call for the depot Show less Read more
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