Ford to invest $700 million and create 500 jobs at Louisville truck plant
By DYLAN LOVAN and TOM KRISHER, Associated Press
LOUISVILLE, Ky. (AP) — Ford will invest $700 million primarily in 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 Ford’s incentive investment in the state.
Most of the money will go to retooling the truck plant, which makes Super Duty pickups and chassis cabs, as well as the large Ford Expedition and Lincoln Navigator SUVs. The company has pledged to create around 500 jobs at the plant by 2026. It currently employs around 8,700 hourly and salaried workers.
The investment will support vehicle production, primarily new versions of the Super Duty pickup. Ford was due to unveil a revamped Super Duty for the 2023 model year at Churchill Downs on Tuesday evening. It will go on sale in the spring of next year.
Ford says more than 12,000 people work 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 is also building an electric vehicle battery plant in the state, which will employ an additional 5,000 people.
Kentucky Governor Andy Beshear welcomed 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 will build these cars and trucks of the future for hundreds of years to come,” Beshear said.
Ford officials said the investment will go towards retooling machines inside existing facility space at the Louisville plant.
This story has been corrected to show that the Kentucky Truck Plant employs approximately 8,700 hourly and salaried workers, not 4,400 hourly workers. Krisher reported from Detroit.
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