Ford announced a $2 billion investment in a Kentucky assembly plant for affordable electric vehicles, creating 4,000 jobs. The new “Universal EV Program” will launch a $30,000 electric pickup in 2027. Ford plans to produce lithium iron phosphate batteries in the U.S., not import from China, amid changing EV policies. The Louisville plant will secure 2,200 jobs but employ 600 fewer after retooling. Farley emphasized the need for radical approaches in the face of global competition in the automotive industry.

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