Ford invests $5B in Kentucky and Michigan plants for new ‘affordable’ electric pickup truck production

FordCEOJimFarleyjoined‘Varney&Co.’toexplainwhypushingbackFord’selectricpickupandvanto2028alignswithaleanerEVapproach,lowerproductioncostsandasharperfocusonaffordablemodelsandAmericanmanufacturing. Ford’spresidentandCEOofferedaninsidelookattheautocompany’sbiggestmanufacturingchangesincetheModelT,whilespotlightingamulti-billion-dollarbetonAmerica’ssupplychain. “We’reannouncing…$5billionofnewinvestmentshereinKentuckyandMichigan,tobuildaradicallynewvehicle,”JimFarleysaidonFOXBusiness“Varney&Co.”Monday. “Andwe’regoingtobuilditcompletelydifferentthanHenryFord’smovingassemblyline.” FEDERALJUDGEORDERSTRUMPADMINTORELEASEE.V.FUNDSSIGNEDBYBIDENTOSTATES OnMonday,theMichigan-basedmotorcompanyannounceditwouldbepouringthemoneyinto4,000jobsatitsBatteryParkandLouisville,Kentucky,plantstodeliveranewelectricpickuptruck