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00:02Ford Motor on Thursday announced a $1 billion investment to build a new paint shop at its
00:08Kentucky truck plant, which produces Super Duty trucks, the Ford Expedition, and the Lincoln
00:14Navigator, according to CNBC. Ford said the facility will replace the plant's existing paint
00:19shop and modernize one of its most important manufacturing operations. Construction is
00:24expected to begin later this year, though Ford did not disclose a completion date.
00:27The investment follows roughly $4 billion in previously announced spending on Ford's
00:33Kentucky facilities. CEO Jim Farley said the investment reflects Ford's commitment to American
00:38manufacturing. The announcement came two days after Transportation Secretary Sean Duffy criticized
00:44Ford's U.S. manufacturing operations and ties to Chinese companies. Ford dismissed his comments
00:50as a wrongheaded attempt to capture headlines. For all things money, visit Benzinga.com.
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