Advertisement
New Zealand markets close in 3 hours 29 minutes

  • NZX 50

    11,879.37
    -67.06 (-0.56%)
     

  • NZD/USD

    0.5964
    +0.0015 (+0.25%)
     

  • NZD/EUR

    0.5559
    +0.0019 (+0.34%)
     

  • ALL ORDS

    7,846.50
    -91.00 (-1.15%)
     

  • ASX 200

    7,586.00
    -97.00 (-1.26%)
     

  • OIL

    83.77
    +0.20 (+0.24%)
     

  • GOLD

    2,339.60
    -2.90 (-0.12%)
     

  • NASDAQ

    17,430.50
    -96.30 (-0.55%)
     

  • FTSE

    8,078.86
    +38.48 (+0.48%)
     

  • Dow Jones

    38,085.80
    -375.12 (-0.98%)
     

  • DAX

    17,917.28
    -171.42 (-0.95%)
     

  • Hang Seng

    17,284.54
    0.00 (0.00%)
     

  • NIKKEI 225

    37,661.20
    +32.72 (+0.09%)
     

  • NZD/JPY

    92.8030
    +0.3070 (+0.33%)
     

Ford invests $700 million in Kentucky truck plant

Yahoo Finance Video

Ford invests $700 million to ramp up production of its EV trucks at its Kentucky manufacturing plant.

Video transcript

SEANA SMITH: Well, in the meantime, take a look at shares of Ford. You can see just under pressure today. Now the automaker announcing it will invest $700 million in a Kentucky truck plant and add 500 jobs. This is in an effort to support production of its 2023 model year F-series Super Duty Truck. Now this is the first wholesale redesign of this truck since 2017. It also shows that even as Ford is investing and betting big on EVs, the automaker is still staying true to its roots with its trucks.