Ford Invests USD 1 Billion in Chicago Plants

Ford Invests USD 1 Billion in Chicago Plants

"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", said Mayor Rahm Emanuel. Technology upgrades will also be made including new collaborative robotics and 3D printed tools.

Ford sells almost two-thirds of all police vehicles sales in the U.S. In 2017, the Ford Police Interceptor Utility accounted for more than half of all police vehicle sales in the United States, outselling all other police vehicles combined.

According to CNBC, Ford will put the money in two facilities specified as the assembly and stamping plants in Chicago. In 2018, Ford was the largest producer of vehicles in the U.S.as well as the leading exporter. "This investment will further strengthen Ford's SUV market leadership", Hinrichs said.

In addition to overhauling its manufacturing capabilities, employee-related improvements total $40mn and include all-new LED lighting, cafeteria updates, new break areas, and security upgrades in the parking lot.

Located in Chicago's south side, the plants' expansion is necessary to increase capacity for the three SUVs and will be completed in the spring.

The production of the Explorer ST, the Police Interceptor and the Aviator will add to Ford's position as the top producer of vehicles in the USA, with almost 2.4 million built in 2018, the company said.

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

Chicago Mayor Rahm Emanuel and Joe Hinrichs, Ford's president of global operations, made the announcement today at the Chicago Auto Show.

The all-new Explorer ST features a specially tuned 3.0-liter engine projected to make 400 horsepower and 415 lb. -ft. of torque, with a top track speed of 143 miles per hour.

The all-new Police Interceptor Utility is expected to be a great seller for cities looking to save money on fuel and still have peak police performance.

Ford is killing off its slow-selling sedan business in the US and betting big on the SUVs and trucks that generate most of its profit. Ford estimates the pursuit-rated hybrid police utility will save between $3,500 and $5,700 per vehicle annually in fuel costs versus the current Police Interceptor Utility. Ford is set to bargain a new pact with the UAW later this year.

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