{"id":46022,"date":"2025-08-12T04:35:09","date_gmt":"2025-08-12T09:35:09","guid":{"rendered":"https:\/\/ustower.net\/?p=46022"},"modified":"2025-08-12T04:36:26","modified_gmt":"2025-08-12T09:36:26","slug":"ford-hits-the-pedal-on-ev-production-with-2-billion-overhaul-of-kentucky-plant","status":"publish","type":"post","link":"https:\/\/ustower.net\/?p=46022","title":{"rendered":"Ford hits the pedal on EV production with $2 billion overhaul of Kentucky plant"},"content":{"rendered":"\n

LOUISVILLE, Ky. (AP) \u2014 Ford Motor Co. will invest nearly $2 billion retooling a Kentucky factory to produce electric vehicles<\/a> that it says will be more affordable, more profitable to build and will outcompete rival models.<\/p>\n\n\n\n

The automaker\u2019s top executive unveiled the new EV strategy at Ford\u2019s Louisville Assembly Plant which, after producing gas-powered vehicles for 70 years, will be converted to manufacture electric vehicles.<\/p>\n\n\n\n

\u201cIn our careers, as automobile people we\u2019re lucky if we get to work on one, maybe two, projects that really change the face of our industry,\u201d CEO Jim Farley told plant workers in Kentucky on Monday. \u201cAnd I believe today is going to light the match as one of those projects for all of us here.\u201d<\/p>\n\n\n\n

The Big Detroit automakers have continued to transition from internal combustion engines to EV technology even as President Donald Trump\u2019s administration unwinds incentives for automakers to go electric. Trump\u2019s massive tax and spending law targets EV incentives, including the imminent removal of a credit<\/a> that saves buyers up to $7,500 on a new electric car.<\/p>\n\n\n\n

Yet Farley and other top executives in the auto industry say that electric vehicles are the future and there is no going back.<\/p>\n\n\n\n

The first EV to be produced by the revamped Louisville production process will be a midsize, four-door electric pickup truck in 2027 for domestic and international markets, the company said Monday.<\/p>\n\n\n\n

The new electric trucks will feature plenty of interior space to fit five adults and pack enough power to have a targeted 0-60 time as fast as a Mustang EcoBoost but with more downforce, Ford said<\/p>\n\n\n\n

The electric trucks will be powered by lower-cost batteries made at a Ford factory in Michigan. The Detroit automaker previously announced a $3 billion investment to build the battery factory.<\/p>\n\n\n\n

The automaker sees this as a \u201cModel T moment\u201d for its EV business \u2014 a reference to revolutionary changes on the production line led by the company\u2019s founder, Henry Ford, when it began churning out vehicles from a factory more than a century ago. Farley said the changes will upend how electric vehicles are made in the U.S.<\/p>\n\n\n\n

\u201cIt represents the most radical change on how we design and how we build vehicles at Ford since the Model T,\u201d Farley said.<\/p>\n\n\n\n

The company said it will use a universal platform and production system for its EVs, essentially the underpinning of a vehicle that can be applied across a wide range of models.<\/p>\n\n\n\n

The Louisville factory \u2014 one of two Ford assembly plants in Kentucky\u2019s largest city \u2014 will be revamped to cut production costs and make assembly time faster as it\u2019s prepared to churn out electric vehicles.<\/p>\n\n\n\n

The result will be \u201can affordable electric vehicle that we expect to be profitable,\u201d Farley said in an interview with The Associated Press ahead of the announcement. \u201cThis is an example of us rejuvenating our U.S. plants with the most modern manufacturing techniques.\u201d<\/p>\n\n\n\n

The new platform enables a lineup of affordable vehicles to be produced at scale, Ford said. It will reduce parts by 20% versus a typical vehicle, with 25% fewer fasteners, 40% fewer workstations dock-to-dock in the plant and a 15% faster assembly time, Ford said.<\/p>\n\n\n\n

The traditional assembly line will be transformed into an \u201cassembly tree\u201d at the Louisville plant, the company said. Instead of one long conveyor, three subassembly lines will operate simultaneously and then join together, it said.<\/p>\n\n\n\n

Other specifications for the midsize electric truck \u2014 including its reveal date, starting price, EPA-estimated battery range, battery sizes and charge times \u2014 will be announced later, the company said. Farley revealed that the truck will have a targeted starting price of about $30,000.<\/p>\n\n\n\n

Ford said its investment in the Louisville plant will secure 2,200 hourly jobs.<\/p>\n\n\n\n

Kentucky Gov. Andy Beshear said Monday that the automaker\u2019s plans for the Louisville plant will strengthen a more than century-old partnership between Ford and the Bluegrass State.<\/p>\n\n\n\n

\u201cThis announcement not only represents one of the largest investments on record in our state, it also boosts Kentucky\u2019s position at the center of EV-related innovation and solidifies Louisville Assembly Plant as an important part of Ford\u2019s future,\u201d Beshear said.<\/p>\n\n\n\n

Ford said its combined investment of about $5 billion at the Kentucky assembly plant and Michigan battery plant is expected to create or secure nearly 4,000 direct jobs between the two plants while strengthening the domestic supply chain with dozens of new U.S.-based suppliers.<\/p>\n\n\n\n

Ford previously forecast weaker earnings growth<\/a> for this year and further losses in its electric vehicles business as it works to control costs. Model e, Ford\u2019s electric vehicle business, posted a full-year loss of $5.08 billion for 2024 as revenue fell 35% to $3.9 billion.<\/p>\n\n\n\n

Ford\u2019s new EV strategy comes as Chinese automakers<\/a> are quickly expanding across the globe, offering relatively affordable electric vehicles.<\/p>\n\n\n\n

\u201cWe\u2019re not in a race to build the most electric cars,\u201d Farley told the AP when asked about competition from China. \u201cWe\u2019re in a race to have a sustainable electric business that\u2019s profitable, that customers love.<\/p>\n\n\n\n

\u201cAnd this new vehicle built in Louisville, Kentucky, is going to be a much better solution to anything that anyone can buy from China,\u201d he added.<\/p>\n\n\n\n

Ford could have opted to launch its EV project overseas to reap lower-cost labor and currency advantages but instead is \u201ctaking the fight to our competition\u201d from the plant in Kentucky, Farley said at Monday\u2019s event. But the Ford CEO cautioned that \u201cthere are no guarantees\u201d with project.<\/p>\n\n\n\n

\u201cWe\u2019re doing so many new things I can\u2019t tell you with 100% certainty that this will all go just right,\u201d he said. \u201cIt is a bet. There is risk. The automotive industry has a graveyard littered with affordable vehicles that were launched in our country with all good intentions. And they fizzled out with idle plants, laid off workers and red ink. And at Ford … we set out to break that cycle.\u201d<\/p>\n\n\n\n

Nbcnews<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

LOUISVILLE, Ky. (AP) \u2014 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. The automaker\u2019s top executive unveiled the new EV strategy at Ford\u2019s Louisville Assembly Plant which, after producing gas-powered vehicles for 70 […]<\/p>\n","protected":false},"author":7,"featured_media":46023,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1155],"tags":[34312,34311,2538,4359,7289],"class_list":["post-46022","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-2-billion","tag-car-company","tag-factory","tag-ford","tag-investment"],"_links":{"self":[{"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/posts\/46022","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/ustower.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=46022"}],"version-history":[{"count":1,"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/posts\/46022\/revisions"}],"predecessor-version":[{"id":46024,"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/posts\/46022\/revisions\/46024"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/media\/46023"}],"wp:attachment":[{"href":"https:\/\/ustower.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=46022"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ustower.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=46022"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ustower.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=46022"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}