Ford investing $1 billion, adding 500 jobs in Chicago

Ford investing $1 billion, adding 500 jobs in Chicago

Ford will invest $1 billion and hire 500 new employees at its stamping and assembly plants in Chicago, the automaker said on Thursday in a press release.

Expanding its present capacity will see the business gain the ability to manufacture the new Ford Explorer - including the Explorer ST and Explorer Hybrid - the all-new Police Interceptor Utility and the all-new Lincoln Aviator.

Upgrades at the assembly plant are to begin in March and be completed this spring.

Ford is killing off its slow-selling sedan business in the USA and betting big on the SUVs and trucks that generate most of its profit. "Ford's investment announcement demonstrates a commitment to the dedication of UAW members in Chicago".

"It may be built Ford tough, but I can say with absolute confidence it will be Chicago tough as well", Mayor Rahm Emanuel said after viewing the new vehicles, which will go on sale later this year.

"We are proud to be America's top producer of automobiles". Ford's EVP of Global Operations, Joe Hinrichs, talked to Cheddar about the announcement, and what to expect from the redesigned Explorer. Additional upgrades will be made to plant facilities, including implementation of 3D printing technology. "We reinvented the Explorer from the ground up, and this investment will further strengthen Ford's SUV market leadership".

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Ford was keen to point out in its announcement that the Chicago Assembly expansion will increase its position as "the No. 1 producer of vehicles in the USA and the leading exporter of vehicles from the US, building 2.4 million in 2018, and (employing) the most hourly US autoworkers".

Since its introduction in 1991, the Ford Explorer became America's all-time best-selling SUV.

The all-new Explorer Hybrid SUV created to offer performance and capability in a fuel-efficient package and is projected to return an EPA-estimated range of more than 500 miles between fill-ups in the rear-wheel-drive model. It was revealed that it is not just Ford Motors but other automakers are also cutting back on producing the traditional cars in favor of the bigger sports utility vehicles and trucks.

Based on average fuel costs.

"As Chicago continues to strengthen our diverse economy, Ford's commitment to add 500 jobs and infuse almost a billion dollars into their Southeast Side assembly plant is a vote of confidence in our people and our future", Chicago Mayor Rahm Emanuel stated.

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