Categories: Retirement Planning and Investing

Ford to hire 5,000 U.S. workers in 2014

Enrique Dans, CC BY 2.0

Ford to hire 5,000 U.S. workers in 2014 (Detroit Free Press)

While Ford’s (F) board of directors is seeking clarification about whether its current CEO Alan Mulally will stay through 2014 or possibly take the same job with Microsoft (MSFT), the Dearborn, Mich.-based auto maker announced plans Thursday to hire about 5,000 employees in the United States next year. Ford intends to launch 16 new vehicles in North America, including the 2015 Mustang and F-Series, and seven new vehiclees in the rest of the world. The jobs, including salaried and hourly positions, and are in addition to 14,000 jobs added during the last two years in preparation for the new product onslaught, said Joe Hinrichs, Ford president of the Americas. The jobs announcement comes as the U.S. industry wraps up its best sales year since 2007, fueled by easier credit and rising consumer confidence. Ford will launch 23 vehicles globally, 16 in North America, including the Ford F-150, Mustang and Transit. Lincoln will expand its lineup with the MKC compact crossover. As for Mulally, Ford issued a statement he plans to stay through 2014 but neither the board nor Microsoft issued a statement on the matter.

Paul Dykewicz

Paul Dykewicz is the editor of StockInvestor.com and the editorial director of Eagle Financial Publications in Washington, D.C. He writes and edits for the website, as well as edits investment newsletters, time-sensitive trading alerts and other reports published by Eagle. He also is an accomplished, award-winning journalist who has written for Dow Jones, USA Today and other publications, as well as served as business editor of a daily newspaper in Baltimore. In addition, Paul is the author of the inspirational book, "Holy Smokes! Golden Guidance from Notre Dame's Championship Chaplain." He received his MBA in finance from Johns Hopkins University, where he was a two-time president of the school's Finance Club. In addition, Paul has a bachelor's degree from the University of Michigan and a master's degree in journalism from Michigan State University. Outside of work, Paul volunteers with a faith-based organization to assist the poor in Southeast Washington, D.C., to learn personal finance skills to lift themselves out of debt.