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Ford begins construction on $5.6 billion Tennessee electric truck factory
Ford CEO Jim Farely explains what drove the automaker’s investment in ICE vehicles
FOX Business correspondent Grady Trimble speaks to Ford CEO Jim Farley about the evolution of the company’s electric vehicle and ICE businesses.
Construction of Ford's new Blue Oval City manufacturing complex in Stanton, Tennessee, is now well underway following its announcement last September.
The $5.6 billion campus is scheduled to begin production of electric trucks and batteries in partnership with Korea's SK On in 2025.
Building supports have begun rising from the property for a facility that will cover six square miles and employ 6,000 workers when it is completed.
"This facility is the blueprint for Ford’s future manufacturing facilities and will enable Ford to help lead America’s shift to electric vehicles," Eric Grubb, Ford’s director of new footprint construction said.
FORD CEO JIM FARLEY EXPLAINS WHY THE BRAND ISN'T GOING ALL-ELECTRIC LIKE GM