Ford to launch next version of Explorer SUV

US based automobile manufacturer Ford Motors has announced that it will invest $400 million in its production facilities to manufacturer next version of, its Explorer SUV by the end of year 2010. According to company this move is expected to create 1,200 jobs at its Chicago assembly plant. The USD 400 million includes the investment of USD 180 million in manufacturing facilities at the Chicago sites and investment of about USD 220 million for launch and engineering costs.