Ford Motor Company is set to enhance its operations in Louisville through a significant investment. The organization has secured over 65 acres of land for approximately $41.28 million, based on details from a land deed registered in Jefferson County.
Details of the Land Acquisition
The newly acquired property is located adjacent to the Kentucky Truck Plant on Chamberlain Lane. This area is conveniently close to the Gene Snyder Freeway, enhancing logistical operations.
- Land Area: 65 acres
- Purchase Amount: $41.28 million
- Previous Owner: Nine Five, a Cincinnati-based company
- Previous Purchase Price (2018): $575,000
Ford’s Commitment to Manufacturing
A spokesperson from Ford emphasized the importance of this expansion as part of the company’s ongoing commitment to American manufacturing. This follows a major announcement in August that involved a $2 billion investment aimed at enhancing the Louisville Assembly Plant.
Background Information
In 2023, Ford made headlines with a significant $1.95 billion investment in two Louisville facilities. This investment was part of a broader agreement with the United Auto Workers (UAW) following a prolonged strike that lasted 41 days at several plants, including two weeks at the Kentucky Truck Plant.
Ford’s strategic moves demonstrate its proactive approach to future-proofing its manufacturing capabilities in Louisville, ensuring they remain competitive in an evolving automotive industry.
