Ford Motor Co. (F) has officially launched the all-new 2015 Ford Mustang for its global customers in more than 100 markets. The company will be delivering the first shipments of the Mustang to Asian customers soon. The vehicle will be available in the European market by mid-2015.
Ford is assembling the all-new Mustang at the Flat Rock, MI plant. The automaker also produces other Ford and Lincoln vehicles at this plant and exports them. The Mustangs exported from the U.S. undergo series of processing so as to comply with the vehicle standards of their destinations.
Ford designs its vehicles in a manner that fulfills both the regulatory conditions and customer demand. Also, its vehicles meet the requirements related to emission levels, safety and road worthiness.
The success of the One Ford plan has created growth opportunities in global markets. Ford’s expansion in global markets has led to the creation of many jobs in the U.S. In 2013, the automaker produced the 1 millionth Mustang at the Flat Rock Assembly Plant. Ford had deployed around 3,000 workers there, who worked for two shifts at full capacity to produce the Mustang along with Ford Fusion.
The company has also added 100 jobs at the Port of Portland. These workers will support Ford’s exports in the Asia Pacific and other markets.
Ford actively focuses on its vehicle exports. In 2013, the automaker exported 380,000 vehicles. This high level of export made the company the top U.S. exporter of vehicles that year. Ford produces the Ford Explorer at the Chicago Assembly Plant, IL and exports the vehicle to many different markets including China. In Sep 2014, Ford started shipping the Lincoln vehicles including the Lincoln MKC from the Port of Portland to China. Along with the export of these vehicles, the automaker intends to offer premium vehicles in China.
Ford currently carries a Zacks Rank #3 (Hold). Better-ranked auto stocks include Meritor, Inc. (MTOR), PACCAR Inc. (PCAR) and Magna International Inc. (MGA). All these stocks carry a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Be the first to comment