Today, Ford and the UAW announced a new contract that -- when ratified -- will result in a $600 million investment at the Kentucky Truck Plant and a new vehicle and a new third shift at the Louisville Assembly Plant. Congressman John Yarmuth (KY-3) released the following statement in response to the announcement:
"Today's news that Ford will invest $600 million at the Kentucky Truck Plant and bring a new vehicle and third-shift to the Louisville Assembly Plant is tremendous. I was proud to stand with Ford and the UAW when we secured the federal resources used to help re-tool the Louisville Assembly Plant for the next generation of vehicles -- and now I am proud to congratulate them on their continued leadership to revitalize manufacturing and create more jobs in Louisville."
In 2009, a $5.9 billion investment at Ford was announced as part of the federal government's Advanced Technology Vehicles Manufacturing Loan Program to help Ford Motor Company retool facilities in Illinois, Kentucky, Michigan, Missouri, and Ohio. This program provided funding to help auto companies produce cars in the U.S. that increase fuel economy standards.
The program was created by the Energy Independence and Security Act of 2007, which Congressman Yarmuth supported during his first year in Congress.