Ford Motor Co on Wednesday formally marked the end of a profitable half-century run for its E-Series commercial van, trumpeting the start of North American production of the replacement Transit van at its Kansas City assembly plant. E-Series vans, known for years as the Ford Econoline, account for 46 percent of the U.S. market of full-size commercial vans.In the last several years, Ford has made a $1.1 billion investment and hired 2,000 workers at the plant in Claycomo, Missouri, where its F-150 pickup trucks are also made. The plant's total workforce stands at nearly 5,000.While the automaker has made pre-production models of the Transit in recent weeks, the official start of production was Wednesday. Transit vans are also produced at plants in China and in Turkey.Joe Hinrichs, head of Ford's North American operations, said the Transit was being introduced to the region in part to save costs by sharing design and engineering work around the globe.
Ford Motor Company (Ford) is a producer of automobiles. Shares of F traded higher by 0.59% or $0.095/share to $16.09. In the past year, the shares have traded as low as $13.35 and as high as $18.02. On average, 33296400 shares of F exchange hands on a given day and today's volume is recorded at 16932672.
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