Article

Ford Motor Co. is partnering with Kentucky state officials to market an unused plant at the BlueOval SK site for new economic development. The plant, spanning 600 acres, follows the termination of over 1,500 workers after Ford and SK On ended their joint venture.

Ford plans to pivot to battery energy storage systems with a $2 billion investment to create 2,100 jobs. The company will also assume a $250 million forgivable loan from the state, subject to investment and job creation commitments.