Ford announces $1 billion investment at Kentucky plant
CNBC • • business
Key Points:
- Ford Motor announced a $1 billion investment to build a new paint shop at its Kentucky Truck Plant, which produces F-250 to F-550 Super Duty trucks, Ford Expedition, and Lincoln Navigator SUVs.
- The new paint shop will replace the existing facility and modernize one of Ford's most important manufacturing operations, with groundbreaking planned for later this year.
- The announcement follows criticism from Transportation Secretary Sean Duffy regarding Ford's U.S. manufacturing integrity and ties to Chinese companies, which Ford dismissed as a "wrongheaded attempt to capture headlines."
- This investment is part of approximately $4 billion recently invested in Ford's Kentucky facilities, underscoring the company's confidence in the local workforce and commitment to American manufacturing.
- Ford CEO Jim Farley emphasized that these investments reflect the belief that the future of mobility and energy will be developed in the United States.
