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Ford Motor Company is investing $900 million into the Kentucky Truck Plant for upgrades to build the all-new Ford Expedition and Lincoln Navigator. The vehicles will arrive at Ford dealers this fall but also be exported to 55 markets globally, including the Navigator to China. The automaker says this latest investment in Kentucky will help improve the company’s “operational fitness” while building vehicles that “excite customers around the world.”
Core Business
The investment for the Kentucky Truck Plant comes of the heels of another $350 million announced last month for the Livonia Transmission Plant. Ford explained at the time how the investment in Livonia will help fortify their core automotive business, a similar sentiment being echoed with this latest news in Kentucky. “Large SUVs are attracting a new generation around the world ? and we?re finding new ways to deliver the capability, versatility, and technology that customers around the world really want with our all-new Ford Expedition and Lincoln Navigator,” said Joe Hinrichs, Ford Executive Vice President and President, Global Operations.
The Kentucky investment secures 1,000 jobs for hourly workers at the Louisville plant. In 2015, the blue oval dedicated $1.3 billion to the plant for the all-new Super Duty that was forthcoming at the time. That investment resulted in 2,000 new jobs bringing the total at Kentucky Truc...