Friday, June 23, 2017

Ford invest $900 million in Kentucky plant, add 1000 Jobs

Ford announced a $900 million investment in the Kentucky Truck Plant which will secure 1,000 hourly jobs in Louisville. A news release announcing the expansion says the Expedition and Navigator will be exported to more than 55 markets around the world, with exports of the Navigator to China. "This $900 million investment demonstrates that Ford is being successful in Kentucky and that Kentucky is attentive to the needs of business". This means that all North American Focus production will cease with the next generation of the auto, but American jobs will remain secure at the MI plant.

The announcement comes just two years after Ford announced a $1.3 billion investment and added 2,000 jobs. "At the same time, we also have looked at how we can be more successful in the small auto segment and deliver even more choices for customers in a way that makes business sense".

Production begins in the second half of 2019, with models coming from the company's existing Focus plants globally.

No U.S. hourly employees will be out of a job tied to the new manufacturing plan for Focus. The Michigan plant that now produces Focus cars will start pumping out Ranger trucks and Bronco SUVs.

"This manufacturing plan allows the company to further grow its leadership as an exporter and deliver world-class Focus to North American customers in a way that makes business sense - with no US employees out of a job", Ford said in a statement.

Ford Motor Company is a global company based in Dearborn, Michigan. These trucks will be not only sold in the USA, but also exported to 55 countries

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