Ford Motor Co. has announced that it will be investing hundreds of millions of dollars to retool its two Louisville assembly plants as part of the company’s aggressive restructuring strategy.
“This is a major turnaround for Louisville, considering that Ford announced the Louisville Assembly Plant was slated for closure,” Louisville Mayor Jerry Abramson said. “It’s taken a lot of hard work by Ford’s leadership, its workforce, the commonwealth and the city, but this century-old partnership has once again saved jobs and brought new investment to Louisville.”
The company announced late last month that it will manufacture a new, fuel-efficient car for the U.S. market at the revamped Louisville Assembly Plant by 2011, and the company will move production of the Navigator and Expedition from its Michigan Truck Plant in Wayne, Mich., to the Kentucky Truck Plant, starting in the first quarter of 2009.
Ford officials have not yet disclosed what new car will be manufactured at the Louisville Assembly Plant, but have said it will be small and fuel-efficient in response to the public’s demand for more efficient cars. The retooling is slated for 2010.