Currently, the automobile industry is going through lots of hard phases because from last few days big companies like General Motors have started a mass layoff around the country. However, now a piece of good news coming from another giant company and that’s Ford. Ford has recently said that they are going to hire more than 500 new employees at their Chicago based production plants to make more SUVs. Ford is opting traditional way, and that’s why the company has decided to build all new Lincoln Aviator, Ford Explorer. The automobile industry has been going through lots of competition, and that’s’ why many companies are shifting their focus on building EVs. However, it seems like Ford wants to make its image more reliable by creating the necessary 500 jobs for workers.
Currently, all the production of new vehicles is going in Chicago based factory in which Ford already employes 5300 workers, now it will further add 500 more. A few days ago Ford officially said that they are going to cut more than 1,000 jobs at its Flat Rock Assembly Plant in Michigan due to which company faced criticism. Now, Ford has decided to hire again five hundred employees to its factory. Ford has already said that the company is serious about expanding its production of SUVs in North America which means there will be more new job creation.
Investors of the company were worried about Ford’s plans because there are already well-established companies which are now working on building EVs. However, Ford has shocked analysts by mentioning that they have huge plans for fuel based cars. Some stock experts don’t consider Ford has a key performer in 2019 and now after this news they might want to change their opinion.