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Ford to Invest $2bn in Kentucky Plant Retool for New EV Pickup by 2027
August 13, 2025
Ford Motor Co. plans to invest nearly $2bn to retool their Kentucky factory to produce electric vehicles (EVs) that will be more affordable and profitable to build as per their claims. The Louisville Assembly plant has been making internal combustion engine vehicles for 70 years and will now be converted to produce electric vehicles. This is part of the large automaker’s plans to transition to EV technology even as the Trump administration has started to unwind incentives for automakers to go electric. The first EV to be produced by the retooled factory would be a mid-size, 4-door pickup truck by 2027 for domestic and international markets.
Ford’s bonds were trading with a positive bias across the board. For example, its 4.75% 2043s were trading 0.3 points higher at 78.2, yielding 6.9%.
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