Ford To Spend Millions Updating Louisville Plant

Ford Post 1 Billion Dollar Quarterly Profit

(Louisville, KY) - Ford will spend $550 million on upgrades at its Louisville auto plants. 

The money will be used at the area's assembly plant as the company prepares to build a new SUV model as well as a new Lincoln vehicle.

These funds fill a commitment made to the Louisville plants as part of the 2015 labor contract, which expires next month. 

Ford and United Auto Workers are currently in talks for a new four-year contract.

Photo Credit: Getty Images

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