Reported about 9 hours ago
Ford Motor Co. plans to invest nearly $2 billion to retool its Louisville Assembly Plant in Kentucky for the production of electric vehicles, marking a significant shift from its historical focus on gas-powered vehicles. The investment aims to create affordable and profitable electric trucks, starting with a midsize four-door pickup expected to launch in 2027. This initiative is part of Ford's broader strategy to innovate its manufacturing processes, reduce production costs, and maintain competitiveness in the electric vehicle market.
Source: YAHOO