Ford Motor Co., the maker of the top-selling pickups in the U.S. for the last 37 years, said it plans to increase production by 15 percent at one of its factories building F-Series Super Duty trucks.
Ford plans to boost annual capacity by about 55,000 vehicles at its Kentucky truck plant, pending approval Thursday of a state incentives package, Joe Hinrichs, president of the Americas, said in an interview with radio station WJR-AM in Detroit. The Dearborn-based company said it expects to invest $80 million and add 350 jobs.
“The economy is improving, truck demand’s increasing, and that’s why we can make this investment today,” Hinrichs said Thursday in the interview with WJR.
Ford, the second-largest U.S. automaker, said in December that it plans to add 5,000 jobs in its home country this year to maintain momentum after an industry-leading market share gain in 2013. Chief Operating Officer Mark Fields said this week that the company has six actions related to production capacity in North American plants in 2014 to get the most out of its factories and meet rising demand.