trending Market Intelligence /marketintelligence/en/news-insights/trending/4vr9D8gTLy_-2u09A5Y6Ag2 content esgSubNav
In This List

Ford to increase production at Ky. plant by 20%

Blog

Japan M&A By the Numbers: Q1 2022

Blog

Insight Weekly: M&A outlook; US community bank margins; green hydrogen players' EU expansion

Blog

Global M&A by the Numbers: Q2 2022

Blog

SEC Climate Disclosure Requirements Heating Up: How to Take Action


Ford to increase production at Ky. plant by 20%

Ford Motor Co. said March 19 that it will increase production capacity for the second time at its Kentucky Truck Plant in Louisville by 20%.

The company also plans to add 550 jobs at the plant to support the production increase.

The Detroit-based company, which manufactures Ford Expedition and Lincoln Navigator models at its Kentucky Truck Plant, announced a $25 million investment in February 2018. The company executives earlier said Ford intends to allocate 90% of its capital toward sports utility vehicles and pickup trucks in 2019.

The company said the two large sports utility vehicle variants are seeing a surge in demand, with a 35% and 70% year-over-year growth in sales in 2018. This is despite Ford recalling over 38,000 vehicles, including the two models, in November 2018.

To support the increased production, the automaker plans to shift about 550 jobs from its Louisville Assembly Plant to the truck plant after the summer shutdown in July.