Ford Pumping Out More Profitable Big SUVs to Fund Its Future
- Upgrades to Kentucky factory will boost planned output by 25%
- New Expedition, Lincoln Navigator models off to fast start
Ford Moving Swiftly to Address 'Fitness' of Business, CFO Says
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Ford Motor Co. is spending $25 million more at its Kentucky factory to pump out more of the profitable big sport utility vehicles that are critical to funding its ambitious -- and expensive -- electric and self-driving vehicle plans.
The investment will allow the second-largest U.S. automaker to boost production of the new Lincoln Navigator and Ford Expedition by 25 percent from what the company was planning last fall, when the redesigned models first hit showrooms.