Ford Motor (F) to Invests $75 Million to Prepare Michigan Truck Plant for Small-Vehicle Production
More News related to F
- Jerry York Said $25B In Auto Loans Is Not Enough (GM, F)
- Ford Motor (F) CEO Mulally Plans Roadtrip Back To DC
- GM (GM), Ford (F) Shares Dip Well Into Negative Territory
- General Motors' (GM) Stock Taking A Hit
- Active Equity option families in first 30-minutes of Trading: GE F GS GM C
More News related to Corporate News
- Parker Hannifin (PH) Buys Brazilian Manufacturer of Connectors and Instrumentation Products
- Lydall (LDL) Acquires DSM Solutech B.V.; Sees Deal Accretive Within First 12 Months
- Parker Hannifin (PH) Acquires Detroit Plasticos e Metais; Sees Deal Accretive After First Year
- Comarco (CMRO) Receives Shareholder Approval to Sell Wireless Test Solutions Assets to Ascom
- Synopsys (SNPS) to Acquire CHIPit Business Unit From ProDesign
Ford Motor Company (NYSE: F) will invest $75 million in Michigan Truck Plant's body shop to prepare for small-vehicle production.
The plant will begin converting its body shop in November when the tooling and equipment specific to the Ford Expedition and Lincoln Navigator will be disassembled and transferred to Kentucky Truck Plant, which begins producing the large SUVs in the second quarter of 2009.
The move paves the way for Michigan Truck to convert to a car plant that will begin producing global C-car based vehicles in 2010.
In the interim, the plant's 1,000 employees will be transferred next door to Wayne Assembly Plant where a third crew will be added in January to accommodate increased production of the hot-selling Ford Focus. When completed, Michigan Truck's flexibility will allow it to augment current Ford Focus production if necessary.
Michigan Truck is one of three truck and SUV plants in North America that will be converted to build small fuel-efficient compact and subcompact vehicles. In 2010, Cuautitlan Assembly, which currently produces F-Series pickups, will begin building the new Fiesta subcompact car for North America. Louisville Assembly, home of the Ford Explorer mid-size SUV, is slated to start production of yet more unique small vehicles from the automaker's global C-car platform the following year.
Ford Motor Company (Ford) is a producer of cars and trucks. The Company and its subsidiaries also engage in other businesses, including financing vehicles. Ford operates in two sectors: Automotive and Financial Services. [SM]
Related Categories
Corporate NewsStocks Mentioned
+0.00Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
