Ford jolts auto industry with $11.4 billion investment in new electric vehicle, battery plants
Story Date: 9/29/2021

 

Source: Corky Siemaszko, NBC NEWS, 9/28/21


The Ford Motor Co. gave the auto industry a jolt Monday with word that it plans to spend $11.4 billion on new production sites in Tennessee and Kentucky where it plans to build electric pickup trucks and cars — and the batteries to power them — on a massive scale. It will also create 11,000 jobs in the two states that have struggled to recover from the collapse of the coal industry.

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