Switching Factory From Cars to Trucks Worth $1 Billion to Ford, Executive Says -- Reuters

-- A Ford Motor Co. (F) official said the company's decision to produce trucks rather than cars at a plant in Michigan will result in a $1 billion boost to operating earnings, Reuters reports Wednesday.

-- The company decided to cease production of hybrids and Focus compacts at its Michigan Assembly Plant in Wayne, which now makes pickup trucks and SUVs, the report said.

-- Jim Baumbick, vice president of enterprise product line management, told a conference audience "The absolute change in profitability is over $1 billion EBIT and we expect over the long, normal cycle, that to continue to improve," the report said.

www.reuters.com/article/us-ford-motor-outlook/ford-forecasts-1-billion-profit-improvement-from-michigan-truck-plant-idUSKCN1RT1UZ

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

April 17, 2019 16:09 ET (20:09 GMT)

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