Ford Motor Co. (F:US), which plans to cease making the Econoline van later this year, will revive the Ohio factory where the vehicle is made by investing $168 million to move pickup production there from Mexico early in 2015.
Production of Ford’s commercial F-650 and F-750 medium-duty pickups will move from a plant in Escobedo, Mexico, to Avon Lake, Ohio. Ford had operated a Mexican-based joint-venture with Navistar International Corp. (NAV:US) known as the Blue Diamond Trucking Co. The automaker is cutting those ties to take full control of production, design and engineering of its top-selling F-series pickups, Joe Hinrichs, Ford’s president of the Americas, said in an interview.
Bloomberg Businessweek Article
Production of Ford’s commercial F-650 and F-750 medium-duty pickups will move from a plant in Escobedo, Mexico, to Avon Lake, Ohio. Ford had operated a Mexican-based joint-venture with Navistar International Corp. (NAV:US) known as the Blue Diamond Trucking Co. The automaker is cutting those ties to take full control of production, design and engineering of its top-selling F-series pickups, Joe Hinrichs, Ford’s president of the Americas, said in an interview.
Bloomberg Businessweek Article