Ford Motor Co.
) is planning to shift the manufacturing of the new 2016 F-650
and F-750 trucks from Mexico to its Ohio Assembly plant in early
2015. The move is part of the automaker's 2011 agreement with the
United Auto Workers. The medium-duty trucks will be available in
the market from spring 2015.
Ford will retool the Ohio plant for this transition. This will
require an outlay of $168 million. The roughly 40-year old plant
currently produces Ford's E-Series van, wagon and cutaways, along
with Ambulance, motor home and stripped chassis.
Ford will stop the production of E-Series cargo and passenger
vans at the plant by the end of this year. However, it will
continue building the E-Series cutaway vans and stripped chassis
at the plant almost till 2020.
The company is planning to replace the E-Series vans with the
new 2015 Ford Transit, which will be manufactured at the Kansas
City Assembly Plant from spring this year.
The 2016 F-650 and F-750 trucks are the strongest medium-duty
trucks offered by Ford. These trucks also feature the
second-generation 6.7-liter Power Stroke V8 turbo diesel engine
along with commercial-grade six-speed 6R140 automatic
transmission with available power takeoff provision. Ford's F-650
and F-750 trucks come with gasoline engines, which are not
available in medium-duty trucks manufactured by other
The F-650 and F-750 trucks also feature new interior and
exterior styling. They also have a new steering wheel featuring
advanced controls and automatic five-blink turn signals. Ford has
also added an anti-roll bar and longer leaf springs to the frame
and suspension to improve roll control and provide an enhanced
Ford is planning to revamp all the trucks and vans in the Ford
Commercial Truck lineup in the next 18 months. The automaker has
massive expansion plans for 2014 as it intends to launch 23 new
models during the year. Ford recently unveiled the remodeled 2015
Focus - with a novel design and advanced technology - at the
Mobile World Congress in Barcelona.
Ford currently carries a Zacks Rank #3 (Hold). Some other
automobile stocks worth considering are
Tata Motors Limited
Tesla Motors, Inc.
). Tata Motors and Daimler sport a Zacks Rank #1 (Strong Buy),
while Tesla carries a Zacks Rank #2 (Buy).
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