By Dow Jones Business News,
January 30, 2014, 12:20:00 PM EDT
By Mike Ramsey
Louisville, Ky.--Ford Motor Co. said it is expanding its capacity to build heavy-duty commercial pickups by 15% to
meet growing demand by investing $80 million in its truck plant here.
Ford will add 350 workers and will be able to build an additional 55,000 vehicles annually at the massive truck
facility that makes the Ford F-250, F-350, F-450 and F-550 pickups and chassis, as well as the Ford Expedition and
Lincoln Navigator full-size sport-utility vehicles.
The investment is a positive signal about business spending because these trucks are used almost exclusively as
commercial vehicles, underpinning ambulances, firetrucks, dump trucks and other worksite vehicles.
Ford has invested $4.2 billion in U.S. plants since 2011, adding more than 400,000 units of production capacity and
refitting plants to be able to make several different kinds of vehicles at once.
Ford, earlier this week, reported $3 billion in net income for the fourth quarter, but warned earnings in 2014
might be lower than last year because of heavy investments in plants and new product launches, including its F-150
light-duty truck, which will be relaunched in the fall with an all-aluminum body.
Write to Mike Ramsey at email@example.com
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