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GM's Net Income Drops 14%: Ahead of the Ticker

Ford plans to invest the money on expanding its Kansas City assembly plant in Missouri, which produces F-150 pick-up trucks. The company noted that as customer demand for the Ford F-150 is strong and growing, it plans to add 2,000 workers to produce a new Transit commercial van and the F-150. One thousand of the jobs will be new hires and 900 will will make up a new third shift that will begin in this third quarter of 2013.

The new generation of the F-150 will be lighter than previous models, due to the use of a lighter-weight steel. The revamped trucks will appear in showrooms for the 2015 model year.

Ford said it is three-quarters of the way to reaching its goal to create 12,000 U.S. hourly jobs by 2015.


The chatter on Main Street (a.k.a. Google, Yahoo! and other search sites) is always of interest to investors on Wall Street. Thus, each day, TheStreet compiles the stories that are trending on the Web, and highlights the news that could make stocks move.

-- Written by Brittany Umar.
Brittany joined TheStreet.com TV in November 2006 after completing a degree in Journalism and Media Studies at Rutgers College. Previously, Brittany interned at the local ABC affiliate in New York City WABC-TV 7 where she helped research and produce On Your Side, a popular consumer advocacy segment.
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SYM TRADE IT LAST %CHG
F $14.94 0.71%
GM $31.61 0.32%
AAPL $118.18 -2.60%
FB $94.05 0.04%
GOOG $629.99 0.70%

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Chart of I:DJI
DOW 17,579.96 -109.90 -0.62%
S&P 500 2,094.44 -9.40 -0.45%
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