US EditionFord to Invest Nearly $2 Billion in Kentucky Assembly Plant to Produce Electric Vehicles
LOUISVILLE, KENTUCKY, AUG 11 – Ford will invest $2 billion to retool its Louisville plant, securing 2,200 hourly jobs and launching a $30,000 midsize electric pickup truck by 2027, aiming for affordability and efficiency.
- On Monday, Ford revealed plans to invest $2 billion in upgrading its Louisville Assembly Plant in Kentucky to manufacture electric vehicles beginning in 2027.
- This investment supports Ford’s new EV strategy designed to compete globally against affordable electric vehicles from Chinese automakers.
- The facility will manufacture a mid-level electric pickup with four doors, priced at approximately $30,000, utilizing a standardized EV platform and innovative production techniques.
- Kentucky Governor Andy Beshear said the investment is one of the largest in state history and will secure 2,200 hourly jobs at Louisville Assembly Plant.
- Ford’s investment in Kentucky and Michigan is projected to support close to 4,000 direct positions, a development CEO Jim Farley describes as a pivotal ‘Model T moment’ for the company’s electric vehicle division.
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Ford announces $2 billion investment in Kentucky plant to produce new EV truck
Ford announced on Monday that it is investing $2 billion in remaking an assembly plant in Louisville, Kentucky, where the company will produce a new electric pickup truck for a 2027 launch date. The automaker’s new strategy comes as China…
Ford invests $5B in Kentucky and Michigan plants for new 'affordable' electric pickup truck production
Ford’s president and CEO offered an inside look at the auto company’s biggest manufacturing change since the Model T, while spotlighting a multi-billion-dollar bet on America’s supply chain."We're announcing... $5 billion of new investments here in Kentucky and Michigan, to build a radically new vehicle," Jim Farley said on FOX Business "Varney & Co." Monday."And we're going to build it completely different than Henry Ford's moving assembly line…
Ford will invest nearly $2 billion in converting a factory in Kentucky to produce electric vehicles that he says will be more affordable, more profitable to build and surpass rival models. The main executive of the car manufacturer unveiled the new electric vehicle strategy this Monday at the Ford assembly plant in Louisville, which, after producing gasoline vehicles for 70 years, will be converted to manufacture electric vehicles.
Washington, Aug 11 (EFE).- Ford presented on Monday a platform for electric vehicles (VE) that will produce its next generation of models and that will allow it to market in 2027 a pick-up truck with a price of about 30,000 dollars. Ford will invest about 2 billion dollars in its assembly plant in Louisville (Kentucky), where it will create 2,200 additional jobs, to start producing vehicles with the new platform. The first car, a four-door elect…
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