Ford Expects Continued Growth In Global EV Sales In 2024, Company Will Create Nearly 900 New Jobs And Add A Third Crew At Michigan Assembly Plant
Portfolio Pulse from Benzinga Newsdesk
Ford anticipates growth in global electric vehicle (EV) sales in 2024 and plans to create approximately 900 new jobs by adding a third crew at its Michigan Assembly Plant. This expansion is aimed at increasing production to meet the rising demand for EVs.

January 19, 2024 | 12:44 pm
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POSITIVE IMPACT
Ford's announcement of expected growth in EV sales and the creation of nearly 900 new jobs with an additional crew at the Michigan Assembly Plant signals a positive outlook for the company's future in the EV market.
The news of Ford's expected growth in the EV sector and job creation is likely to be viewed positively by investors, as it indicates the company's commitment to expanding its presence in the rapidly growing EV market. The addition of a third crew at the Michigan Assembly Plant suggests that Ford is preparing to increase production capacity to meet anticipated demand, which could lead to higher revenues and potentially improved profitability in the long term. This strategic move may boost investor confidence in Ford's ability to capitalize on the EV trend, potentially leading to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90