This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Ford To Drive Growth In 2014 With Additional Jobs, Three New Worldwide Plants And 23 Global Product Launches

DEARBORN, Mich., Dec. 12, 2013 /PRNewswire/ --

  • Ford in 2014 will launch the most vehicles globally in a single year than in more than a century
  • To support its aggressive growth strategy, Ford is set to open two manufacturing facilities in Asia Pacific and one in South America
  • Ford to add more than 5,000 new U.S. jobs – including 3,300 salaried positions – in 2014 on top of more than 14,000 new hires in the past two years to support its growth momentum
  • Two new fuel-efficient EcoBoost ® engines added to lineup, boosting total offerings to six
  • Fuel efficiency technologies, such as Auto Start-Stop, will spread to the company's highest-volume products, covering 70 percent of Ford's North America volume

Ford Motor Company (NYSE: F) next year will launch 23 new vehicles to customers around the world, open three more manufacturing facilities and add more than 5,000 new jobs in the United States to meet growing demand for its products.

"Next year, we are embarking on our most ambitious global launch year ever to meet customer demand for our products around the world," said Raj Nair, group vice president, Ford global product development. "We are investing even more through our One Ford plan to serve more customers, in more segments – and deliver profitable growth."

The growth in 2014 will come on the heels of a strong year for Ford in 2013. The company saw growth due to having the freshest product lineup in the industry while adding more jobs. Ford expects its global launches next year to more than double those of 2013.

Ford is on pace in 2013 to produce 6 million vehicles, or about 16 vehicles per minute around the world. This momentum is led by Ford Focus, the world's best-selling single nameplate, which is on track to reach 1.1 million sales this year.

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs