Buying Michigan central station, Ford shows its determination to return to Detroit

category:Finance
 Buying Michigan central station, Ford shows its determination to return to Detroit


The project, known as an inclusive, dynamic and walkable transportation Innovation Zone in cocktown, stems from Fords investment in Michigan central warehouse, which is being renovated after the company purchased it in 2018.

The project is described as an all embracing, vibrant and innovative pedestrian area in Corktown. Ford invested in Michigan central depot in 2018, and after completing the acquisition, the automaker is starting to refurbish and retrofit it.

Covering an area of 30 acres (121000 square meters), the area includes the 106 year old Michigan central railway station, the library designed by Albert Kahn, the new building on the west side of the station, and the factory, where Fords new functions are located.

In May 2018, Ford motor moved 220 employees to the town of cork, mainly from the companys autopilot car and electric vehicle team.

Today, they work in the building at 1907 Michigan Avenue. The building, with a total area of 4180 square meters, was rebuilt from an old factory building, formerly known as the factory. During this period, the number of employees in Fords autopilot business has increased to 250.

The development of the plan took more than 18 months, including more than 100 hours of discussions with city and community stakeholders.

According to Ford, residents feedback prompted them to add public facilities, green space, footpaths, bicycle lanes, public art and open areas that can be used all day long. This ensures that the Grand View of the station is not obscured and that residents of southwest Detroit have easy access to the area to enjoy the beauty, which is an important requirement of the community. .

Fords move is seen as part of its return to Detroit plan. The old automobile manufacturing giant, which started from Detroit, had previously focused more attention on Silicon Valley, where its R & D strength is concentrated, while its decision-making center has long been located in Dearborn, on the Bank of the Luri river.

Property and construction experts say restructuring the Michigan central railway station could cost Ford at least $300million.

Ford executives said rebuilding its Detroit business would help the company compete with Silicon Valley for young technical talent to develop cutting-edge technologies such as autonomous driving and artificial intelligence.

Another reason why Bill Ford was kind to Corktown was that most of the residents of the community, like their ancestors, were immigrants from the same part of Ireland. He said the area would provide Ford employees with a fashionable urban working environment, which was quite different from the companys current administrative product development center in Dearborn.

The reason I love this place is that Corktown will make new comers quickly resonate with the local heritage. Sharif Marakobi, vice president of Fords self driving car and electrification, said: we regard SherifMarakby as a huge development advantage. It will enhance peoples interest in teamwork here, both internally and externally. Of course, the automaker has not stopped building Dearborn. In April 2016, Ford announced a 10-year plan to renovate the Dearborn Park, with a budget of $1.2 billion. One of the purposes of Fords move is to expand its workforce. According to the plan, the company will double the number of employees working in Dearborn to 24000. Ford has also renovated its global headquarters complex, including the headquarters of Ford Motor Credit Company. Source: interface news Author: Li Yimeng, editor in charge: Yang Zeyu_ NF6036

The reason I love this place is that Corktown will make new comers quickly resonate with the local heritage. Sharif Marakobi, vice president of Fords self driving car and electrification, said: we regard SherifMarakby as a huge development advantage. It will enhance peoples interest in teamwork here, both internally and externally.

Of course, the automaker has not stopped building Dearborn. In April 2016, Ford announced a 10-year plan to renovate the Dearborn Park, with a budget of $1.2 billion. One of the purposes of Fords move is to expand its workforce. According to the plan, the company will double the number of employees working in Dearborn to 24000. Ford has also renovated its global headquarters complex, including the headquarters of Ford Motor Credit Company.