By Joe White

DETROIT, Jan 13 (Reuters) - Ford Motor Co product development chief Raj Nair said the launch of the new, aluminum-body F-150 pickup is on schedule, and the trucks are selling in an average of five days after hitting dealer showrooms.

Nair spoke to investors at a conference on the sidelines of the Detroit Auto Show. Nair said plans to launch the new F-150 at a second U.S. factory later this year are also on schedule. The F-series truck is a primary source of profits for the Dearborn, Michigan, automaker.

(Reporting by Joe White; Editing by Lisa Shumaker)