Apr 18, 2014 fbook icon twitter icon rss icon
Money

Ford Hiring 1,200 New Workers to Manufacture Fusion Car

Ford Motor Company (NYSE:F) is looking forward to employ 1,200 staff to work at a suburban Detroit plant to manufacture the Fusion. The U.S automaker is pretty confident that sedan will do well in the market.

Mark Fields, Ford’s Americas President, said to workers at the Flat Rock unit on Monday that the market segment of Fusion is flourishing two times rapidly than all others U.S automobile companies. The new Fusion will be available in the markets later this year.

So far, Ford has been manufacturing Fusion in Mexico only, however with the addition of new workers the company has decided that it will start building Fusion in the United States. From next spring, the company will employ 1,200 staff and will make an investment of $555 million in new equipment at the unit.

At the current trading session, Ford Motor Company (NYSE:F) shares gained +0.54% to $10.19 while The Stock traded within the range of $10.06 – $10.28. In the past year, the stock has traded within a range of $8.82 – $13.05. The current session’s volume of 29.52 million shares is down from the average daily trading volume of 35.29 million shares.

3 Hot other Stocks at Consumer Cyclical Sector:

Honda Motor Co Ltd (ADR) (NYSE:HMC) shares are up +0.12% to $33.15 while the stock is traded within the range of $33.03 – $33.19 in the current trading session. In the last 12 months the shares have traded between $27.52 and $39.35. The current session’s volume of 397,249.00 shares is lower than their average daily trading volume of 540,958.00 shares.

Campbell Soup Company (NYSE:CPB) shares in the current session moved down -0.83% reaching at $34.75. The stock traded in a range of $34.72 – $35.09. In the last year the stock has moved within a range of $29.93 – $36.28. The current session’s volume of 1.00 million shares is lower from their average daily trading volume of 2.08 million shares.

Another rival company Forward Industries, Inc. (NASDAQ:FORD) trading down -4.86% to $1.17. Intraday trading recorded the stock price in a range of $1.16 to $1.24. In the previous 52 weeks the stock’s price ranged between $1.02 and $3.24. The current session’s volume of 6,725.00 shares was down from their average daily trading volume of 17,129.00 shares.

Ford (NYSE:F) to employ 1,200 new staff at Detroit unit to manufacture the Fusion is an article from: STATESMAN SENTINEL


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