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Ford to spend $3 billion to expand large truck production to a plant previously set for EVs
![Ford to spend $3 billion to expand large truck production to a plant previously set for EVs](https://dailybusinessinvestor.com/wp-content/uploads/2024/07/240715-econ-profile-lucy-haverfield-3x2-lr-79bc6f-CMBLwu.jpg)
Ford Motor Co. has announced that it will be investing $3 billion in its Kentucky manufacturing plant to increase the production of its large trucks. This is a move that showcases the automaker’s commitment to both its traditional combustion-engined lineup and its growing electric vehicle inventory. The specific plant was previously set aside for the production of electric vehicles, highlighting a significant shift in Ford’s production strategy.
The investment will not only aid in fulfilling a growing demand for these trucks but will also create many jobs, benefiting