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Having had a lot of personal experience with trucks in my own business, I would say that Ford Motor saw no need for a larger engine than what they were producing in their basically light duty truck line. Ford and Chrysler preferred to stick with the light duty market that they had built a nitch in since the early '30's, building nothing bigger than 2 ton trucks whereas GM had it's GMC line for large trucks.
Ford did not enter the large truck market until '48 when they redesigned their entire truck lineup, coming out with the BIG Job F800's with the big Lincoln V8, making them trucks in lieu of glorified cars.