The new collective bargaining agreement ratified tonight by United Automobile, Aerospace and Agricultural Implement Workers of America (UAW) represented employees in the United States increases Ford Motor Company’s (NYSE: F) manufacturing competitiveness and provides $6 billion in U.S. investments, creating and securing 8,500 hourly jobs in America.
Ford Motor Company will again boost production of its hot-selling Ford Expedition and Lincoln Navigator this summer as both vehicles continue to gain share over their competitors in the large SUV segment.
Inside Ford’s new Advanced Manufacturing Center, an engineer stands in front of a 3D printing machine churning out brake parts for Ford’s soon-to-be-introduced Shelby Mustang GT500. Across the room, two team members strap on virtual reality headsets to design and simulate production lines, while another is working alongside a collaborative robot, programming a safer way to install a vehicle part.
In response to the signing of the regional trade agreement between the United States, Mexico and Canada, Ford Motor Company released the following statement, attributable to Joe Hinrichs, executive vice president and president of Global Operations.