Boston, MA 02/05/2014 (wallstreetpr) – Ford Motor Company planning (NYSE:F) F-series seem to be receiving the best reception in the market commanding huge sells over the past few months. This has forced Ford to try and raise the production in one of its major factories that produces F-Series in a bid of trying to meet the market demand. Ford expects the production of the F-Series to reach a high of 55,000 in its Kentucky plant of which it has also pledged $80 million in a bid of expanding the plant and giving it a makeshift in terms of advanced and modern technology.
The $80 million investment package by Ford
The increase in the production of the F-series can only be achieved through the upgrade of the equipment at the Kentucky plant. The $80 million investment package will mainly be used to upgrade the plants painting shop, acquire new welding robots and steel press automation. The plant having produced 353 000 vehicles in 2013 is expected to increase its production capacity by 15% once the $80 million is put to use in the plant. The plan is expected to come into full implementation as of April this year
Effects of severe weather conditions
Ford Motor Company planning (NYSE:F) despite recording modest sales of its brand vehicles has been struggling with harsh environmental conditions that has hampered its operation in the greater US markets. Production has also been greatly hampered with snow storms causing stagnation of thousands of cars. The company has also been forced to cut down some of its production shifts due to the severe weather conditions.
Ford-Series has been the best performing brand of Ford Motor Company planning (NYSE:F) delivering impressive profits of $8.78 billion in 2013 in the North America markets. Ford will thus be paying around $8,800 in profit sharing to over 47000 entitled US recruits
Ford Motor Company planning (NYSE:F) closed Tuesday trading session at a high of $14.87 an up of 2.20%
