With the heads of the Big Three automakers in Washington asking for financial assistance, local United Auto Workers union members are encouraging Congress to approve loans for the companies.
Kentucky Governor Steve Beshear is calling on Congress and the White House to move quickly on an economic stimulus package that would include help for the sagging auto industry. Governor’s spokesperson Jay Blanton says Kentucky’s economy is vitally linked to the industry. “We’re now the third largest producer of automobiles in the country, behind only… Continue reading Beshear Urges U.S. To Help Automakers
A $25 billion loan for the domestic automotive industry is working its way through the U.S. Congress. If approved, some of the money could come to Louisville.
Kentucky Economic Development Secretary John Hindman has resigned to return to the private sector.
An expert on consumer trends in the car industry thinks the latest changes at Ford may bring the company back into solvency in North America. Ford Motor Company announced last week its plans to re-tool some of its plants, including the Louisville Assembly Plant, to be able to produce multiple models of a similar size.… Continue reading Ford's New Plan May Work, Says Industry Expert
The Kentucky Truck Plant and Louisville Assembly Plant are part of Ford Motor Company’s plan for its production future. The company announced it lost $8.7 billion in the second quarter of this year, and it’s re-working its factories to produce more small cars and fewer SUVs. Louisville’s two plants will each get a multi-million dollar… Continue reading Louisville Plants Are Part of Ford's Future Production
Ford Motor Company has announced earnings for the second quarter, reporting a loss of $8.6 billion. As it released earning numbers this morning, Ford also confirmed that it will convert three truck plants to produce smaller cars. It will retool the Louisville Assembly Plant to produce vehicles on the European Focus frame, starting in 2011.… Continue reading Ford Announces Q2 Loss; Confirms Plans for Plants