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.
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