Ford
Motor Company is boosting its production
capacity by 200,000 units this year in North America. For the second year in a row, the
automaker has
increased
its production capacity to meet the rising demand for cars, utilities and trucks. Last year, Ford raised capacity by
400,000 units.
Plants
affected by capacity expansion include Chicago Assembly Plant, Flat Rock
Assembly Plant and Kansas City Assembly Plant. Vehicles produced include Ford Explorer, Ford
Fusion and Ford F-Series.
Ford
also plans to reduce summer shutdowns to one week in order to increase
production by 40,000 units. Summer shutdowns will be reduced in 20 plants,
including six assembly plants.
The
assembly plants affected are Chicago Assembly Plant, Cuautitlan Assembly Plant, Hermosillo
Stamping and Assembly Plant, Kentucky Truck Plant, Michigan Assembly and Oakville Assembly Plants.
The other plants in this programme are Buffalo Stamping Plant, Chicago Stamping
Plant, Chihuahua Engine Plant, Dearborn Engine Plant, Dearborn Tool & Die, Lima Engine
Plant, Van Dyke Transmission Plant and Woodhaven Forging.
Other
than Ford, all the Detroit Big Three including General Motors (GM) and Chrysler are
boosting their production capacity in the US Three of Chrysler’s factories in
the US, including the Jefferson North plant in Detroit, will not have the
summer shutdown. General Motors is planning to launch 23 new cars and trucks to
capitalize on the rising auto demand.
As
well as expanding production capacity, Ford is adding nearly 3,500 hourly jobs
in 2013. Ford announced it will create nearly 2,000 new jobs at Kansas City
Assembly Plant, and 1,400 new jobs at Flat Rock Assembly Plant. Ford plans to
offer 12,000 hourly jobs in the US by 2015.
Ford
posted an increase of 4.1% in earnings to $1.6 billion in the first quarter of
2013. Revenues improved 10.5% to $35.8 billion. The earnings and revenue improvements
were mainly attributable to Ford's strong performance in North America and Asia
Pacific Africa, partially offset by the unfavourable exchange rate in South
America and uncertainties in Europe. ∎
http://www.nasdaq.com/article/ford-enhances-its-production-capacity-analyst-blog-cm248512#ixzz2VMu4GIpR
http://www.nasdaq.com/article/ford-enhances-its-production-capacity-analyst-blog-cm248512#ixzz2VMu4GIpR
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