Ford hits the pedal on EV production with $2 billion overhaul of Kentucky plant
By BRUCE SCHREINER, Associated Press
LOUISVILLE, Ky. (AP) — Ford Motor Co. will invest nearly $2 billion retooling a Kentucky factory to produce electric vehicles that it says will be more affordable, more profitable to build, and will outcompete rival models.
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The automaker’s top executive unveiled the new EV strategy at Ford’s Louisville Assembly Plant which, after producing gas-powered vehicles for 70 years, will be converted to manufacture electric vehicles.
“In our careers, as automobile people we’re lucky if we get to work on one, maybe two, projects that really change the face of our industry,” CEO Jim Farley told plant workers in Kentucky on Monday. “And I believe today is going to light the match as one of those projects for all of us here.”
The Disney Destiny cruise ship is floated out into the harbor at the Meyer Werft shipyard in Papenburg, Germany on Saturday, Aug. 9, 2025. (Courtesy/Disney Cruise Line)
The Disney Destiny cruise ship is floated out into the harbor at the Meyer Werft shipyard in Papenburg, Germany on Saturday, Aug. 9, 2025. (Courtesy/Disney Cruise Line)
The Disney Destiny cruise ship is floated out into the harbor at the Meyer Werft shipyard in Papenburg, Germany on Saturday, Aug. 9, 2025. (Courtesy/Disney Cruise Line)