Ford Pro Demand Drives F-Series Super Duty Production Expansion To Canada, Plans To Invest ~$3B To Expand Super Duty Production
Portfolio Pulse from Benzinga Newsdesk
Ford Motor Company plans to invest approximately $3 billion to expand production of its F-Series Super Duty trucks by adding a third North American assembly plant in Oakville, Ontario, Canada. This expansion aims to meet the high demand for one of Ford's most popular and profitable vehicles and supports the Ford+ plan for profitable growth. The move will create around 2,020 jobs across North America and pave the way for future multi-energy technology in Super Duty trucks.
July 18, 2024 | 12:22 pm
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Ford's investment of approximately $3 billion to expand F-Series Super Duty production in Canada is expected to boost the company's manufacturing capabilities and support its electrification plans. This move will create around 2,020 jobs and meet the high demand for one of Ford's most profitable vehicles.
The significant investment in expanding production capacity for one of Ford's most profitable vehicle lines is likely to positively impact the company's stock price in the short term. The creation of new jobs and the support for future multi-energy technology align with Ford's growth and electrification strategies, which are critical for long-term profitability.
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