Ford to add 500 jobs in Chicago, invest $1B in SUV plant

Ford said Thursday it will hire 500 workers and invest $1 billion in its Chicago assembly operations to help keep up with booming demand for sport and crossover-utility vehicles.

The Chicago Assembly and Stamping Plants currently build both the full-size Taurus sedan and Explorer SUV. The Taurus will be dropped as part of Ford’s move out of passenger cars, but the Explorer is enjoying a level of growth it hasn’t experienced in decades.