Ford to invest $400 million in Missouri plant

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"(Reuters) - Ford Motor Co will invest $400 million on upgrades at its assembly plant near Kansas City, Missouri, to build a new vehicle there, the automaker said on Tuesday.

Ford did not say which new vehicle would be made at the plant, which will continue to manufacture F-series pickup trucks. The plant currently has three shifts of workers making the Ford Escape SUV, and one shift making the pickup. Escape production will shift to Ford's plant in Louisville, Kentucky, starting in late 2011.

Keeping the facility near Kansas City open will allow Ford to retain about 3,750 jobs.

Last week at the Detroit auto show, Mark Fields, president of Ford in North America and South America, said the company would add 7,000 jobs in the United States in 2011 and 2012."

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meddauna

Member
sooo....ford is spending money to retool to make a new car? why is this news? every automaker does this whenever they make a new car.
 

Gilligan

#*! boat!
PREMO Member
sooo....ford is spending money to retool to make a new car? why is this news? every automaker does this whenever they make a new car.

Yeah that. In fact..that is not a lot of money for a re-tooling exercise.

Maybe its 'news' in the current economic climate because there is so little good news out there to be found. "Barry's favorite stimulus-funded solar panel company is shutting down US operations and moving to China" is more typical of the industrial news of late...
 
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