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Ford Announces Launch of New Electric Vehicle, Investments in Kentucky and Michigan

WAYNE COUNTY, MICHIGAN, AUG 12 – Ford aims to reduce costs with new EV components and manufacturing while delaying a large electric pickup launch amid $12 billion losses and 12% sales decline, company said.

Summary by The Courier-Journal
Ford is investing in Kentucky and Michigan electric vehicle production after recently suffering billions in losses. See how it will impact Louisville.

3 Articles

Firstpost NewsFirstpost News
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After $12 billion in losses, Ford shifts electric vehicle strategy

Ford had appeared to gain an edge over other traditional automakers when it launched three models between 2021 and 2022. But slowing EV demand, aggressive price cuts by Tesla and higher material costs have squeezed profits across the industry

·Mumbai, India
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The Courier-JournalThe Courier-Journal
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Ford announces launch of new electric vehicle, investments in Kentucky and Michigan

Ford is investing in Kentucky and Michigan electric vehicle production after recently suffering billions in losses. See how it will impact Louisville.

·Louisville, United States
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SF ExaminerSF Examiner
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Ford rejigs EV plans after suffering billions in losses

Ford has come up with a new plan after its electric vehicle division has lost $12 billion, including $2.2 billion in the first half of this year

·San Francisco, United States
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SF Examiner broke the news in San Francisco, United States on Monday, August 11, 2025.
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