Ford Will Up Its Output of Added Models in Ontario and 2 Other Hot Stocks to Watch

| + More Articles
  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

Ford Motor Co. (NYSE:F): Current price $17.65

Ford’s president of the Americas Joe Hinrichs announced in a statement that his company will spend $685 million to add the output of additional models at an Ontario vehicle-assembly facility, commenting that, “This investment is helping us find much needed capacity for global products.” The automaker did not say which models will be added at the plant in the Toronto suburb of Oakville.

In 2012, Ford pledged to create some 600 jobs in Canada, which would include a partial third shift at Oakville in negotiations with the Canadian Auto Workers union. Presently, the plant produces models such as the Ford Edge and Lincoln MKT crossover vehicles, and Ford Flex wagon, says the company’s website.

F 20130919

More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business