Ford Reports Plan to Expand Manufacturing in the U.S. (F)
Automobile producer, Ford Motor Company(F) reported plans on Thursday to expand manufacturing in the US.
The company reported that there are now plans to invest more than $773 million in US manufacturing. These plans include purchasing new equipment and space for six manufacturing locations in Michigan.
Ford announced that these plans are a portion of a plan to invest $6.2 billion in US manufacturing by 2015.
Ford Shares were mostly flat during premarket trading Friday. The stock is up 18.9% YTD.
The Bottom Line
Shares of Ford (F) have a 1.56% dividend yield, based on last night’s closing stock price of $12.79. The stock has technical support in the $10.50 price area. If the shares can firm up, we see overhead resistance around the $13-$14 price levels.
Ford Motor Company(F) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.0 out of 5 stars.
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