Ford to Build $11.4 Billion Mega Campuses

Ford said on Monday it will partner with SK Innovation to invest $11.4 billion to construct two "mega-sites" — one in Tennessee and the other in Kentucky.

“This is a transformative moment where Ford will lead America’s transition to electric vehicles and usher in a new era of clean, carbon-neutral manufacturing,” said Ford executive chairman Bill Ford, a long-time proponent of the push to electric vehicles. “With this investment and a spirit of innovation, we can achieve goals once thought mutually exclusive – protect our planet, build great electric vehicles Americans will love and contribute to our nation’s prosperity.”

Ford is one of my top position in my portfolio, so you know I feel good about this news.

Stock price as of 12:53am 9/28/21 is $14.83

Source: Yahoo Finance

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