Lightning pickup truck - Bing Guan/Bloomberg via . Barely a month after President Trump signed the budget-reconciliation bill that wi

Ford Motor Company announced this morning that it is making a $5 billion bet on its electric vehicle future. The payout is a $30,000 midsize electric pickup truck arriving as soon as 2027. The investment involves overhauling its Kentucky and Michigan assembly and battery plants,

Ford will retool its Louisville Assembly plant beginning later this year to produce vehicles from a new Universal EV Platform starting with a midsize truck for $30,000

Despite the impending loss of federal rebates, Ford plans to give US EV production a huge boost. After hyping it last week as a "breakthrough" and "Model T moment," the company has announced a new Universal EV Platform to be shared by a new family of products.

Ford is investing $5 billion in its Kentucky manufacturing and Michigan battery plants to support a new EV platform.

This patent application for a newfangled roof tent includes a sketch of a nonexistent Ford pickup truck that looks awfully

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.