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Ford to Invest $400 Million for Next-Generation SUV

01/27/2010
Ford Motor Co. is investing nearly $400 million in order to build the next-generation of its Explorer sport utility vehicle. The company plans to add 1,200 jobs and a second production shift at its at Chicago Assembly Plant and increase production at the nearby Chicago Stamping Plant.
 
"The new Explorer will redefine the SUV for the modern era - retaining the capability customers want while delivering superb fuel efficiency, comfort, and convenience," said Mark Fields, Ford's president of the Americas. The new Explorer will have at least 25 percent better fuel economy than the current model.
 
"Our Chicago Assembly Plant, with its excellent work force, lean and flexible manufacturing processes, and proud history of making great Ford vehicles, is the ideal choice for building the new Explorer," said Jim Tetreault, Ford vice president for North America manufacturing.

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