Ford Motor : Acquires Iconic Michigan Central Station

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Ford Motor Company Acquires Iconic Michigan Central Station; Will Outline Vision for New Corktown Campus on Tuesday

DETROIT, June 17, 2018 - Ford Motor Company has acquired the iconic Michigan Central Station and plans to transform it into the centerpiece of a vibrant new campus in Detroit's Corktown neighborhood that will serve as an innovation hub for Ford's vision for the future of transportation.

The acquisition of Michigan Central Station comes alongside the company's purchase of the former Detroit Public Schools Book Depository, two acres of vacant land, the site of an old brass factory and the recent purchase of a refurbished former factory in Corktown, now home to Ford's electric vehicle and autonomous vehicle business teams. Highlights of Ford's new Corktown campus include:

•  The campus will be comprised of approximately 1.2 million square feet of property in Corktown

•  This new development will serve the community with a mixed-use space including office space for office and retail space, and some residential housing

•  Initial plans include locating approximately 2,500 Ford employees, most from the mobility team, to call Corktown their work home by 2022

•  There will also be space to accommodate 2,500 additional employees of partners and other businesses amongst Michigan Central Station and the other developments

Ford will share many more details about the Corktown project, as well as early visual renderings, at its event Tuesday.

Event details

Who: Bill Ford, Jim Hackett, Ford employees, government officials and community members Where: Michigan Central Station, 2001 15th Street, Detroit

When: Tuesday, June 19, 11 a.m. (check-in opens at 10 a.m.)

Media registration: Emailasalceda@ford.com orkhenkel1@ford.com

Guest registration (limited space available):https://fordcorktowncelebration.splashthat.com/ Livestream link:http://www.dtvn.net/fordcorktown

Ford will also host a community Open House on Friday, June 22 - Sunday, June 24 for a rare, inside look at Michigan Central Station before renovations. Details of the open house will be shared Tuesday.

"Michigan Central Station is a powerful symbol of Detroit's struggles and now its resurgence, but Ford's investment in Corktown is far from symbolic," said Bill Ford, the company's executive chairman. "We aren't just making a bet on Detroit. We are making a big bet on the future forFord and the future of transportation. It's exciting to imagine what's possible as we build tomorrow, together."

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About Ford Motor Company

Ford Motor Company is a global company based in Dearborn, Michigan. The company designs, manufactures, markets and services a full line of Ford cars, trucks, SUVs, electrified vehicles and Lincoln luxury vehicles, provides financial services through Ford Motor Credit Company and is pursuing leadership positions in electrification, autonomous vehicles and mobility solutions. Ford employs approximately 202,000 people worldwide. For more information regarding Ford, its products and Ford Motor Credit Company, please visitwww.corporate.ford.com.

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