Ford's (F) Mulally Gives Escape Preview

Ford Motor Co. (NYSE:F) CEO Alan Mulally gave a preview of the next vehicle to be made at its Kentucky facilities, a smaller SUV which will start to be manufactured at the retooled plant.

Mulally also praised the automaker's partnership with Louisville, calling the city where Ford has two manufacturing plants a "center of excellence."

The executive credited with steering Ford back to profitability spoke to more than 1,500 people at the annual dinner of Greater Louisville Inc., the metro chamber of commerce.

Mulally said Ford plans to make millions of the new Escapes at five locations around the world -- including the Louisville Assembly Plant, which is shut down for a $600 million renovation. The automaker has said it intends to hire 1,800 more employees at the Louisville plant to help build the new Ford Escape.

"The next version of this is going to change the world," Mulally said.





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