Posted on 07/18/2024 8:52:44 AM PDT by Oldeconomybuyer
Ford Motor will expand production of its large Super Duty trucks to a Canadian plant that was previously set to be converted into an all-electric vehicle hub.
The new plans include investing about $3 billion to expand Super Duty production, including $2.3 billion at Ford’s Oakville Assembly Complex in Ontario, Canada, Ford said Thursday.
Ford said the Canadian plant, which is expected to come online in 2026, will add annual capacity of roughly 100,000 units of the highly profitable pickups.
The announcement comes weeks after Farley said full electrification of “big, huge, enormous” vehicles such as Ford’s Super Duty trucks was “never going to make money.”
While Ford’s EV unit loses billions of dollars, its Ford Pro commercial business including its Super Duty trucks earned $7.2 billion before interest and taxes in 2023.
(Excerpt) Read more at cnbc.com ...
Boy, did we ever mess up! Back to making gas trucks...
Duh!!!!
Smartest move I have heard by Ford or GM or Dodge in awhile.
They make a lot of money on these big trucks. Plus people want to buy them. I think most people that do are trading in one that is only a few years old.
Also, Super Duty F250’s are typically a work truck. Meaning it is being depreciated as an asset. This is the type of vehicle you need if you are plowing snow or pulling a heavy trailer.
Anybody want to buy a real nice dock for their cottage on a lake? Freight from the Red Sea however.
The other people that are buying these type of trucks are Baby Boomers that are pulling a fifth wheel camper trailer. Which makes a lot more sense(IMHO) than buying a big RV(and pulling a car/Jeep).
Any money left over to pursue the much needed DEI department.
Hooray. Down with the woke EVs.
Didnt realize they have Ranger Raptors...
Unfortunate it takes several quarters of sales figures and overall cost analysis to confirm what any normal person functioning in the realm of the real world and common sense has been saying after 5 minutes of being told in the board room where Ford was going to go.
There’s even a Bronco Raptor. Starts at $90k.
Yeah I’ve seen that one. A few times even off the lot, in the wild. :)
They just came out.
I have a Super Duty F250. It's just a regular-size pickup. Yes, it's bigger than a Smart Car, but it's not really all that big.
If you really need a pickup truck then getting a 3/4 ton is usually a wiser choice than a 1/2 ton. Resale is much better in addition to the improved towing/hauling.
This is gonna go over GREAT with the union workers and Teamster drivers.
NOT.
Oh, wait ... their replacements, who will LOVE this, have already been sent here.
-PJ
I'll offer a buck2.98 but that must include free shipping.
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