Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Ford investing $3B in F-Series Super Duty truck expansion to meet demand By: FOX Business July 18, 2024 at 08:13 AM EDT Ford is boosting production of its most profitable vehicles, the F-Series Super Duty trucks. The two factories that are manufacturing the trucks can't meet the current demand. Ford Motor Co. is investing $3 billion to expand production capacity for one of its most popular and profitable vehicles. The company announced on Thursday that it's adding its third North American assembly plant for its F-Series Super Duty trucks, its heavy-duty line of pickups. The plan will initially add capacity for 100,000 vehicles, Ford said.The plant, located at Oakville Assembly Complex in Ontario, Canada, is an effort by the company to maximize its manufacturing footprint and expand its Ford Pro commercial business. Of the $3 billion, Ford will invest $2.3 billion in the Oakville complex.FORD ANNOUNCES NEW BRONCO OFF-ROAD DRIVING SCHOOL IN TENNESSEEThe company's Kentucky Truck Plant and Ohio Assembly Plant, which also manufacture the heavy-duty trucks, are already running at full capacity, according to Ford."Super Duty is a vital tool for businesses and people around the world and, even with our Kentucky Truck Plant and Ohio Assembly Plant running flat out, we can’t meet the demand," CEO Jim Farley said. FORD INVESTS MILLIONS IN DETROIT DOWNTOWN REVIVALWhile the move specifically benefits the Ford Pro commercial business, Farley said the factory will also pave the way for future multi-energy technology, supporting the company's electrification plans. GET FOX BUSINESS ON THE GO BY CLICKING HEREFord is planning to introduce three-row electric utility vehicles. In the first half of the year, the Kentucky Truck Plant and Ohio Assembly Plant produced more than 200,000 Super Duty trucks. Ford’s Chief Operating Officer Kumar Galhotra believes this investment "will have a fast payback." Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Ford investing $3B in F-Series Super Duty truck expansion to meet demand By: FOX Business July 18, 2024 at 08:13 AM EDT Ford is boosting production of its most profitable vehicles, the F-Series Super Duty trucks. The two factories that are manufacturing the trucks can't meet the current demand. Ford Motor Co. is investing $3 billion to expand production capacity for one of its most popular and profitable vehicles. The company announced on Thursday that it's adding its third North American assembly plant for its F-Series Super Duty trucks, its heavy-duty line of pickups. The plan will initially add capacity for 100,000 vehicles, Ford said.The plant, located at Oakville Assembly Complex in Ontario, Canada, is an effort by the company to maximize its manufacturing footprint and expand its Ford Pro commercial business. Of the $3 billion, Ford will invest $2.3 billion in the Oakville complex.FORD ANNOUNCES NEW BRONCO OFF-ROAD DRIVING SCHOOL IN TENNESSEEThe company's Kentucky Truck Plant and Ohio Assembly Plant, which also manufacture the heavy-duty trucks, are already running at full capacity, according to Ford."Super Duty is a vital tool for businesses and people around the world and, even with our Kentucky Truck Plant and Ohio Assembly Plant running flat out, we can’t meet the demand," CEO Jim Farley said. FORD INVESTS MILLIONS IN DETROIT DOWNTOWN REVIVALWhile the move specifically benefits the Ford Pro commercial business, Farley said the factory will also pave the way for future multi-energy technology, supporting the company's electrification plans. GET FOX BUSINESS ON THE GO BY CLICKING HEREFord is planning to introduce three-row electric utility vehicles. In the first half of the year, the Kentucky Truck Plant and Ohio Assembly Plant produced more than 200,000 Super Duty trucks. Ford’s Chief Operating Officer Kumar Galhotra believes this investment "will have a fast payback."