Ford will invest $2 billion to transform its Louisville Assembly Plant into an EV factory, launching a $30,000 mid-size pickup in 2027. This involves abandoning its century-old assembly line for a new "universal production system" with three branches, using a universal EV platform with fewer parts and faster production. This aims to compete with China and address recent EV division losses. The transition will reduce the workforce by 600, but Ford offers retirement incentives and alternative roles, with UAW support.

Prepared by Christopher Adams and reviewed by editorial team.