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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