Ford Adds 900 Jobs in Kansas City Due to Surging Demand and 2 Other Hot Stocks to Watch
Ford Motor Co. (NYSE:F): Current price $17.06
Ford has a problem that many companies would kill for: excess demand. On Tuesday, Ford’s Kansas City Assembly Plant adds a third crew, bringing 900 new jobs in order to meet soaring customer demand for Ford F-Series, forming part of the 200,000 units of added annual straight-time capacity Ford will add in 2013. Through July, Ford F-Series sales were 50 percent higher than the number-two best-selling vehicle in the United States. Now, with the additional crew at Kansas City Assembly Plant, Ford has attained 75 percent of its goal to create 12,000 domestic hourly jobs by 2015—adding 2,335 hourly jobs and 1,500 salary jobs in the United States in 2013 alone.
Cisco Systems Inc. (NASDAQ:CSCO): Current price $26.16
Cisco is partnering with the number-two auto-parts maker in Europe, Continental AG, so as to work on developing tech for connected vehicles. Continental Chief Executive Elmar Degenhart said in a statement that, “We believe that the Internet does not just come into the car, but that the car becomes a part of the Internet. We think the best way to unlock the opportunities of the connected vehicle is to look for collaborations.” On Tuesday, Continental and Cisco, the largest manufacturer of networking equipment, will showcase a connected vehicle at the Center for Automotive Research’s annual seminar in Traverse City, Michigan.
Micron Technology, Inc. (NASDAQ:MU): Current price $13.98
Micron Technology, which provides advanced semiconductor solutions, will participate in several speaking sessions at the 9th Annual Flash Memory Summit at the Santa Clara Convention Center in Santa Clara, August 13 through 15. Micron’s presentations will concentrate on the evolving Flash memory landscape.
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