Ford Motor Company will invest more than $200 million at its two manufacturing plants in Louisville, Kentucky, according to the Kentucky governor's office. The company will invest $100 million at the Kentucky Truck Plant - an additional amount over a previously announced $200 million investment - to allow the plant to produce the Navigator and Expedition brands beginning next spring. Ford will also invest at least $100 million in the Louisville Assembly Plant to prepare for the manufacture of a new fuel-efficient car for the U.S. market by 2011. While no additional plans for hiring were announced, the governor says the investments will protect more than 5,000 existing jobs at the plants. An incentives package offered to the company by the state and local governments, subject to the minimum investment of $200 million, will allow for flexible options of up to $180 million. "While we are faced with extreme challenges, both within our industry and the economy as a whole, this action by our government partners shows the strength of the partnership between Ford and Kentucky," says Curt Magleby, the company's director of state and local government affairs. "This helps position our Kentucky facilities competitively and we remain excited about the future of Ford in Kentucky."
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