The Ford Model T was produced from 1908 to 1927 and is noted as being the first mass-produced, affordable vehicle. Its low cost was greatly attributed to its assembly line construction, which produced the vehicles faster than their paint could dry.

Ford Motor Company will invest nearly $2 billion to convert a longtime auto manufacturing plant in Louisville to build electric vehicles from a new platform adaptable to multiple vehicle types, aiming to launch a mid-sized EV pickup truck by 2027.

LOUISVILLE, Ky. (AP) — Ford Motor Co. will invest nearly $2 billion retooling a Kentucky factory to produce electric vehicles that it says will be more affordable, more profitable to build, and will outcompete rival models.