logo
  

Ford Breaks Ground At BlueOval City Facility; To Provide About 6,000 Jobs In 2025

Automaker Ford Motor Co. (F) announced Friday it has officially broken ground at BlueOval City, its largest, most advanced auto production complex in the company's 119-year history.

This is part of $5.6 billion investment by Ford and SK On to build a revolutionary all-new electric truck and advanced batteries for future Ford and Lincoln vehicles in West Tennessee.

With construction underway at BlueOval City, Ford gets closer to its target of a 2 million EV production run rate globally by late 2026.

The nearly 6-square-mile mega campus will create approximately 6,000 new jobs when production begins in 2025.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Stocks staged a significant recovery attempt after pulling back sharply in early trading on Wednesday but still ended the day modestly lower. The major averages gave back ground after moving sharply higher over the two previous sessions. Three scientists have shared the Nobel Prize for Chemistry for their work that led to the development of linking molecules together, known as click chemistry, and bioorthogonal chemistry. Morten Meldal and K. Barry Sharpless have laid the foundation for a functional form of chemistry - click chemistry - in which molecular building blocks snap together quickly and efficiently. Carolyn R. Bertozzi The Institute for Supply Management released a report on Wednesday showing a modest slowdown in the pace of growth in U.S. service sector activity in the month of September. The ISM said its services PMI edged down to 56.7 in September from 56.9 in August, although a reading above 50 still indicates growth in the sector.
Follow RTT