Ford announces $2 billion investment in Louisville assembly plant aimed at cheap EVs

"We took a radical approach to a very hard challenge: Create affordable vehicles that delight customers in every way that matters – design, innovation, flexibility, space, driving pleasure, and cost of ownership – and do it with American workers," Ford CEO Jim Farley said in the release. The Detroit automaker plans to produce a midsize, four-door electric pickup at the Louisville Assembly Plant. That vehicle launch is slated for 2027. This story is developing. Please check back for updates. An aerial view a ...