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UPDATE 2-Ford investing $1 bln, adding 500 jobs in Chicago [Reuters]

Ford Motor Co (F)  More Company Research Source: Reuters
Last ford motor co earnings: 1/23 04:20 pm Check Earnings Report
US:NYSE Investor Relations: shareholder.ford.com
PDF Ford investing $1 billion, adding 500 jobs in Chicago | Reuters 3 Min Read WASHINGTON (Reuters) - Ford Motor Co said on Thursday it is investing more than $1 billion in its Chicago operations and adding 500 jobs as it prepares to launch three new SUVs this year and end production of the Taurus. Ford said it is building a new body shop and paint shop at its Chicago Assembly plant, and making major modifications to the final assembly area. At Chicago Stamping, Ford is adding stamping lines, the company added. The investment comes as Americans continue to shift away from cars in favor of SUVs, pickup trucks and other larger vehicles. Last year, U.S. industry car sales fell 13 percent, while light trucks rose 8 percent to 10.9 million, accounting for about 63 percent of vehicle sales. Ford announced last year it was largely exiting the sedan market in the United States with the exception of the Ford Mustang. The company’s U.S. car sales fell 18 percent last year, while SUV sales rose 0.5 [Read more]

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