RDIV - Ford Invests $3B to Boost Super Duty Production New Plant to Meet Surging Demand | Benzinga
Ford Motor Company (NYSE:F) shares are trading higher today. The company disclosed plans to invest around $3 billion to expand Super Duty production.
The investment includes $2.3 billion for assembly and integrated stamping operations at the Oakville Assembly Complex.
Ford is expanding production of its popular F-Series Super Duty trucks by adding a third North American assembly plant, the Oakville Assembly Complex, in Ontario, Canada.
This move will initially add capacity for 100,000 trucks and include future integration of multi-energy technology to meet Ford Pro customer demand.
Ford’s expansion at the Oakville Assembly Complex in Ontario supports its Ford+ plan for growth, aiming to maximize manufacturing footprint, extend ...