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 ...
They know Trump will remove all the EV mandates.
Maybe Ford won’t make another knee jerk move on the next trendy thing that comes along.
How about building small trucks that cost a whole lot less then the ginormous ones that are built now?
They are nice
Yep. They are gambling on a Trump return and biden’s (obama’s) green new deal crap going away.
Ford wants patent for tech allowing cars to surveil and report speeding drivers
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