BELOW SUPERNAV drop zone ⇩

Ford to invest $700M, add 500 jobs at Louisville truck plant

FILE – Executive Chairman of Ford William Clay Ford Jr. speaks during a news conference in front of the capital in Frankfort, Ky., Tuesday, Sept. 28, 2021. Ford will invest $700 million mainly at its Kentucky Truck Plant in Louisville, creating about 500 new jobs over the next four years. The company made the announcement Tuesday, Sept. 27, 2022, after a state board approved incentives Ford’s investment in Kentucky.(Silas Walker/Lexington Herald-Leader via AP)

MAIN AREA TOP drop zone ⇩

MAIN AREA TOP drop zone ⇩

ovp test

mLife Diagnostics LLC: Oral Fluid Drug Testing

Male shot by female at Shreveport apartment

Class to create biodiverse backyard

Rules for outbursts at Caddo School Board Meeting

maylen

https://digital-stage.newsnationnow.com/

AUTO TEST CUSTOM HTML 20241114185800

AUTO TEST CUSTOM HTML 20241115200405

AUTO TEST CUSTOM HTML 20241118165728

AUTO TEST CUSTOM HTML 20241118184948

LOUISVILLE, Ky. (AP) — Ford will invest $700 million mainly at its Kentucky Truck Plant in Louisville, creating about 500 new jobs over the next four years.

The company made the announcement Tuesday after a state board approved incentives for Ford’s investment in the state.

Most of the money will go to retool the truck plant, which makes Super Duty pickup trucks and chassis cabs, plus the Ford Expedition and Lincoln Navigator large SUVs. The company has pledged to add around 500 jobs at the plant by 2026. It now employs about 8,700 hourly and salaried workers.

The investment will support vehicle production, mainly new versions of the Super Duty pickup. Ford was to unveil a revamped Super Duty for the 2023 model year at Churchill Downs on Tuesday night. It goes on sale in the spring of next year.

Ford says it has more than 12,000 people working at two vehicle assembly plants in Kentucky. The company also has about 3,400 workers at the Louisville Assembly Plant, which makes the Ford Escape and Lincoln Corsair small SUVs. It’s also building two electric vehicle battery factories in the state, which will employ another 5,000.

Kentucky Gov. Andy Beshear praised the expansion during a visit to the truck plant Tuesday morning. Beshear said Ford’s long history in Kentucky has led to a “special relationship” with the state.

“Together we’re going to be building these automobiles and trucks of the future for hundreds of years to come,” Beshear said.

Beshear, the only Democrat who holds a statewide office in Kentucky, is eager to tout his administration’s economic successes ahead of next year’s governor’s race.

Along with the recent Ford announcement, the company last year announced it would spend $5.8 billion to build the two new electric battery plants in Hardin County, just south of Louisville. Another electric vehicle battery plant from Japanese firm Envision AESC is planned for southern Kentucky. Beshear unveiled that $2 billion investment in April.

Ford officials said the investment in the truck plant will go toward retooling machinery inside the existing facility space at the Louisville plant.

Business

Copyright 2024 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed

Site Settings Survey

 

MAIN AREA MIDDLE drop zone ⇩

Trending on NewsNation

AUTO TEST CUSTOM HTML 20241119133138

MAIN AREA BOTTOM drop zone ⇩

tt

KC Chiefs parade shooting: 1 dead, 21 shot including 9 kids | Morning in America

Witness of Chiefs parade shooting describes suspect | Banfield

Kansas City Chiefs parade shooting: Mom of 2 dead, over 20 shot | Banfield

WWE star Ashley Massaro 'threatened' by board to keep quiet about alleged rape: Friend | Banfield

Friend of WWE star: Ashley Massaro 'spent hours' sobbing after alleged rape | Banfield

Clear

la

48°F Clear Feels like 48°
Wind
1 mph NNW
Humidity
52%
Sunrise
Sunset

Tonight

Clear to partly cloudy. Low 47F. Winds light and variable.
47°F Clear to partly cloudy. Low 47F. Winds light and variable.
Wind
2 mph N
Precip
6%
Sunset
Moon Phase
Waning Gibbous