New investments may be a vote of confidence in the future of Ford’s plants in Louisville as Ford will bring a new electric vehicle to its Louisville Assembly Plant.
The United Auto Workers tells its members Ford will be investing a total of $8.1 billion in U.S. plants. That includes $1.2 billion dollars for Louisville Assembly Plant.
In addition to Ford Escapes and Lincoln Corsairs, there is an as-yet-unnamed electric vehicle planned for assembly there.
There will also be $750 million invested in the Kentucky Truck Plant, ensuring the continuation of Super Duty trucks, Expeditions and Navigators. Word of the investment comes on the heels of what the United Auto Workers describes as a historic contract from Ford.
According to the UAW, wage increases under the proposed contract would raise starting salaries 68% and top wages would rise 33% through the four-year agreement.
Voting on that contract for local Ford UAW members is scheduled for November 12 at the Galt House.
Source: WAVE
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