Latest Automotive Industry News Discussion of all topics pertaining to future automobiles or all Fuels that move them - Gasoline, Diesel , Bio Diesel , E85 , Battery , Hybrids , Electric , Hydrogen Powered , Solar Panel ..

Ford investing $600M in Louisville plant for next-gen Escape

Thread Tools
 
Search this Thread
 
  #1  
Old 12-11-2010, 04:40 PM
Diesel Bombers's Avatar
Staff Reporter
Thread Starter
Join Date: May 2007
Posts: 16,811
Likes: 0
Received 52 Likes on 48 Posts
Default Ford investing $600M in Louisville plant for next-gen Escape



Ford's Louisville plant is old and out-of-date, but that's about to change with a $600 million cash infusion. Ford says that the forthcoming overhaul will make the facility the automaker's most flexible plant in the world, while adding an additional 1,800 union jobs to handle increased production.

Construction at the facility will commence later this month, with new tooling and equipment pouring in. Ford will re-open the Louisville plant in late 2011, in time to produce the next-generation Escape while "providing future manufacturing flexibility." In other words, Ford will be able to add other models to the facility as demand shifts.

News of Ford's Louisville plant upgrade is likely good for those who live and work in the region, and the state of Kentucky is showing its appreciation with tax incentives. Ford will receive up to $240 million in tax breaks over the next 10 years. Hit the jump to read over Ford's press release.



More...
 
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
Diesel Bombers
Latest Automotive Industry News
0
09-30-2015 05:30 PM



Quick Reply: Ford investing $600M in Louisville plant for next-gen Escape



All times are GMT -5. The time now is 08:09 AM.