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Tuesday, 20 October 2020 16:44

Study Details Ford's Economic Impact in Chicago Region as Dealers Distribute Face Masks to Fight COVID-19

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A newly released study by Boston Consulting Group (BCG) spotlights Ford's longstanding commitment to building vehicles in Chicago and its contributions to the Illinois economy, including $6.8 billion to the state GDP and more than 60,000 direct and indirect jobs in the state.

“Ford is proud to serve as a key contributor to the Chicagoland economy for more than a century,” said John Savona, vice president, North America Manufacturing for Ford Motor Company. “While other manufacturers moved out of the city over the years, Ford has doubled down on Chicago, investing $1 billion to modernize our operations and build some of our most iconic vehicles, including America’s best-selling mid-size SUV, the Ford Explorer, along with the Lincoln Aviator and Police Interceptor SUV.”

 

Ford’s legacy in Chicago dates back to 1905, when the company opened its first branch office. Eight years later, Ford’s first local manufacturing plant opened in what is now the Bronzeville area, where a team of just 500 assembled approximately 175 vehicles daily.

 

One hundred years ago, Ford purchased land along the Calumet River in South Chicago and broke ground on what would become Ford’s Chicago Assembly Plant. That facility, Ford’s oldest continuously operating assembly plant, has produced some of the company’s most iconic vehicles including the Model T, Model A, Thunderbird, Taurus and today’s Ford Explorer.

 

In 2019, Ford invested $1 billion in its manufacturing and stamping plants to expand capacity for the production of the all-new Ford Explorer, Explorer Hybrid, Police Interceptor Utility and Lincoln Aviator at its Chicago Assembly Plant. With its introduction in 1990, the Chicago-built Ford Explorer helped redefine the SUV segment and 30 years later is America’s best-selling mid-size SUV with a 15% retail share of segment as of Q3 2020.

 

A newly released study by Boston Consulting Group underscores the substantial role Ford plays in creating jobs both in Chicago and across Illinois.

 

Ford employs 7,100 people at its Chicago Assembly and Chicago Stamping plants on Chicago’s south side. The company’s manufacturing operations support an additional 23,000 supplier and community jobs, with Ford’s economic impact in Chicago totaling $2.9 billion.


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