💨 Abstract

Ford Motor Co. is investing nearly $2 billion to retool its Louisville, Kentucky factory to produce affordable electric vehicles (EVs) starting in 2027. Despite the Trump administration's reduction of EV incentives, Ford CEO Jim Farley emphasizes that the future of the auto industry is electric. The revamped plant will use efficient manufacturing techniques to produce a more profitable EV model, aiming to compete with global EV makers, particularly those from China.

Courtesy: WTOP Staff