Ford Prepares to Up Its Super Duty Output
An investment of about $80 million into its Kentucky truck plant should help boost Ford’s (NYSE:F) production of pickups and SUVs this year, Reuters reported on Thursday. Last year, the facility in Louisville — one of two Ford facilities in the area — produced 353,662 vehicles, particularly the F-Series Super Duty pickups. Ford remained fairly mum on its further plans with the plant, declining to give a timeline for the proposed expansion.
The plant was opened in 1969, Reuters said, and its production last year was a breath away from its maximum capacity of 365,000 units annually. The funds would finance an expansion to 420,000 annual units, 55,000 units more per year than the previous output ceiling. About 350 workers will join the 4,000 already employed at the plant.
While the F-150 will see a major overhaul for the 2015 model year — most significantly known for its use of aluminum over steel — the Super Duty trucks will only see moderate changes moving ahead for 2015.