Henry Ford did not invent the assembly line, but he certainly jump-started a manufacturing revolution by using it to build his cars. To create a new generation of cheap electric vehicles, Ford — the company,

Ford plans to offer a new four-door, midsize $30,000 electric pickup truck two years from now. The new EV is to be built on a new, universal EV platform, which Ford says is expected to reduce parts by 20% and assembly time by 15%.

Ford's truck future may be electrified, but not all electric. Representatives for the Dearborn, Michigan-based automaker, including CEO Jim Farley, expressed interest in EREV, or Extended Range Electric Vehicle, technology at Ford 's "Model T moment" event in Louisville, Kentucky, yesterday.

The American automaker announced a $5 billion investment into its EV plants, a new electric vehicle platform and an affordable electric truck arriving in 2027.

Ford says it will invest nearly $2 billion to retool a Kentucky plant to produce electric vehicles LOUISVILLE, Ky. — Ford Motor Co. will invest nearly $2 billion retooling a Kentucky factory to produce electric vehicles that it says will be more affordable,