FRANKFORT, Ky. (AP) -- Kentucky Gov. Steve Beshear says Ford Motor Co. plans to invest another $200 million in its Kentucky plants.
Beshear said in a statement Thursday that the investment in the two Louisville plants is in addition to $200 million announced previously. The company is planning to invest $100 million at the Kentucky Truck Plant and another $100 million at the Louisville Assembly plant.
In the same announcement, Beshear said the Kentucky Economic Development Finance Authority has authorized up to $180 million in state incentives for the car manufacturer.
Ford announced earlier this year that Louisville will be getting a flexible body shop and begin making smaller, fuel-efficient cars to sell in the United States by 2011.
Curt Magleby, Ford's state and local government affairs director, says the company is excited about its future in Kentucky.