Kansas City Assembly
Kansas City Assembly Plant produces the Ford F-150 Regular, Super and Crew Cab and will produce the Ford Transit. The plant currently has 2,450 hourly workers working on two shifts and will add a third crew in the third quarter.
Ford is investing $1.1 billion to retool and expand the facility for production of both the F-150 and Transit, including a 437,000 sq.-ft. stamping facility and a 78,000 sq.-ft. paint shop.
The new stamping facility was completed in 2012. The paint shop expansion will include installation of the three-wet paint process, which is more environmentally friendly and requires less time than conventional paint processes – without compromising Ford's paint quality or durability."Today we celebrate the commitment to excellence displayed every day by the men and women of Kansas City Assembly Plant," said Jimmy Settles, UAW vice president and director of the National Ford Department. "These additional jobs are the direct result of the dedicated effort our UAW members display every day at facilities all across the country and serve as another reminder of the resilience of American workers and our nation's manufacturing sector." With the investment and new jobs in Kansas City, Ford is three-quarters of the way to its plan to create 12,000 hourly jobs in the U.S. by 2015. The company also is investing $16 billion in its U.S. product development and manufacturing operations – including $6.2 billion in plant-specific investments. These actions, including today's announcements, are consistent with Ford's previous 2013 financial guidance for the Total Company and North America. Community Impact The plant expansion has a major impact in the local community and beyond. Kansas City Assembly has more than 250 suppliers nationally and more than 10 suppliers locally who will positively benefit from the addition of a third crew. Additionally, when Transit production starts next year, close to 275 suppliers nationally and six suppliers locally will grow their business. According to the job multiplier effect of nine jobs to every one – more than 18,000 jobs will be created to support the plant.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV