News and Tribune

Business/Money

January 30, 2014

Ford to spend $80M, add 350 jobs at Louisville plant

It comes from increased demand for trucks

LOUISVILLE — Ford has announced it will make an $80 million investment at the Kentucky Truck Plant in Louisville that will add 350 new jobs.

Joe Hinrichs, Ford President of the Americas, said the investment will increase the F-Series Super Duty truck production, according to a part from news partner WAVE 3 News in Louisville.

Ford plans on boosting the amount of trucks produced annually by 55,000. The 15 percent increase in production is due to the increased demand for the truck.

Last week, Ford announced the Lincoln Navigator will be made at KTP.

Wendy Dant Chesser, One Southern Indiana’s president and CEO, said the investment is great for the entire area.

“The decision to expand jobs and payroll benefits the entire region and all of our businesses,” she said in a news release. “Congratulations to all the partners involved who made this a reality — [Louisville] Mayor Greg Fischer, Greater Louisville Inc. leadership and the many other partners who contributed to this success.

“Economic Development is a team sport and it’s exciting for players and spectators when we win,” she added.

— The News and Tribune contributed to this report.

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