Inside these posts: Ford Torrence plant

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Obama expected to announce export aid for Ford

The U.S. Export-Import Bank will unveil a loan guarantee on Thursday for Ford Motor Co that will finance $3.1 billion in exports of cars and trucks to customers in Canada and Mexico, a White House official said.

The announcement comes as President Barack Obama visits his home town of Chicago to tour a Ford assembly plant in an effort to highlight the U.S. auto industry’s export potential and his administration’s role in revitalizing the sector. Get the full story »

New Ford Explorer coming soon, adding jobs

The new Ford Explorer is set to be revealed Monday in Millennium Park at an event where Ford executives are expected to tout the new jobs the vehicle’s production will bring to the Chicago area.

The new vehicle will be produced in the company’s South Side assembly plant, bringing 1,200 jobs and essentially doubling the workforce at the plant by adding a second shift. In addition, more than 100 companies in 23 states are ramping up to produce parts and components for the new Explorer. Get the full story »