UPDATE 1-Ford investing $400 mln for new Explorer

Newswire

* Next version of Explorer slated for Chicago Assembly * Ford adding 1,200 jobs at assembly, stamping plants * Investment totals $400 million * Ford shares up nearly 3 pct in morning trade CHICAGO, Jan 26 (Reuters) - Ford Motor Co will invest nearly $400 million to build a new version of the Ford Explorer SUV in Chicago starting in late 2010, adding 1,200 jobs to area assembly and stamping plants, the automaker said on Tuesday. The automaker plans to add a second production shift ...

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