Ford Motor Company will invest nearly $2 billion to convert a longtime auto manufacturing plant in Louisville to build electric vehicles from a new platform adaptable to multiple vehicle types, aiming to launch a mid-sized EV pickup truck by 2027.

LIVE | Ford announces 'radical' electric vehicle plan with $2B investment in Louisville Ford is making a major announcement at its Louisville Assembly Plant. The company said it is making a "radical change" to how they design vehicles.

LOUISVILLE, Ky. (AP) — Ford Motor Co. will invest nearly $2 billion retooling a Kentucky factory to produce electric vehicles that it says will be more affordable, more profitable to build, and will outcompete rival models.