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October 20, 2014

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Ford to add jobs at factories for new F-150 truck

FORD Motor Co said it will add 850 hourly jobs at its Dearborn, Michigan, facilities to support the launch of the redesigned, aluminum-intensive 2015 F-150 pickup truck.

The No. 2 US automaker said the new jobs are divided among three facilities: more than 500 jobs for the truck assembly plant, nearly 300 for the stamping factory and more than 50 at the diversified operations.

The new F-150, which goes into production soon, is America’s best-selling vehicle and historically has contributed the lion’s share of Ford’s global pretax profit. The vehicle will go on sale by the end of the year.

Some analysts are worried problems could arise in the launch. Morgan Stanley analyst Adam Jonas cut his price target for Ford’s stock, citing the company's recent profit warning and the likelihood the changeover to the new F-150 will not go as smoothly as investors anticipate.

Joe Hinrichs, Ford president of the Americas, said that the launch remains on schedule. “Actually, the launch is going very well so far,” he told reporters. “Every new-model launch that I’ve ever been a part of has issues, but actually this launch is going to plan.”




 

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