The zero-interest, forgivable loan was the centerpiece of an incentive package offered by Democratic Gov. Andy Beshear and the state’s GOP-led legislature to secure the 5,000-job investment for the Bluegrass State.
The UAW threatened last week to walk its nearly 9,000 hourly members at Kentucky Truck off the job starting Friday.
Hardin County residents are confronting the reality that the economic boom won’t arrive as quickly as projected.
The plant, to be built on land being readied for industrial development about 100 miles west of Detroit, would start making batteries in 2026.Â
CEO Jim Farley said Ford should have done better last year, and it left $2 billion in profits on the table that were within its control.
LOUISVILLE, Ky. (WDRB) -- Kentuckians faced an economic rollercoaster in 2022 seeing prices like never before at the grocery store and gas pump.
The $5.8 billion electric vehicle battery park by Ford Motor Co. and its Korean partner, SK Group, is being built just off Interstate 65 in Hardin County.
The plant will produce battery cells and modules to power the next generation of electric vehicles.
About 3,000 white-collar workers at Ford Motor Co. will lose their jobs as the company cuts costs to help make the long transition from internal combustion vehicles to those powered by batteries.
Andy Games, Vice President of the Elizabethtown-Hardin County Industrial Foundation, says "it's going to be a totally different place."
