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Ford announces $1 billion investment at Kentucky plant

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Ford announces $1 billion investment at Kentucky plant

A worker at Ford’s Kentucky Truck Plant on April 30, 2025.

Michael Wayland | CNBC

DETROIT — Ford Motor on Thursday announced a $1 billion investment to build a new paint shop at its crucial Kentucky Truck Plant.

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The facility, which Ford has called its most important and profitable plant globally, produces the automaker’s large F-250 to F-550 Super Duty trucks as well as the Ford Expedition and Lincoln Navigator SUVs.

The announcement comes two days after Transportation Secretary Sean Duffy expressed “profound concern” about the automaker’s U.S. “manufacturing integrity” and ties to Chinese companies that the Trump administration believed could be detrimental to the Detroit carmaker and U.S. automotive industry.

Ford, which regularly touts its position as the top-producing automaker in the U.S., called the comments a “wrongheaded attempt to capture headlines.”

Paint shops are a critical and costly part of a vehicle assembly plant. The new facility for Ford is expected to the replace the plant’s “existing paint shop and further [modernize] one of Ford’s most important manufacturing operations,” the company said in a press release Thursday.

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The Detroit automaker said it would break ground on the facility later this year. A Ford spokesman did not immediately respond to a request for comment on expected timing for completion of the new facility.

Ford noted the investment is the latest following roughly $4 billion in announcements for its Kentucky facilities in recent years.

“These investments demonstrate our confidence in Kentucky’s workforce, our commitment to American manufacturing, and our belief that the future of mobility and energy will be built right here in the United States,” Ford CEO Jim Farley said in the release.

Duffy’s criticism was addressed to Farley in a letter released by the Trump administration Tuesday. Following a lengthy response from Ford, the White House’s Rapid Response account on X released a positive statement Wednesday, calling Ford “a GREAT American company.”

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Gold Rises, With Middle East and Fed Policy in Focus

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Stocks Little Changed After Fed Decision

Gold prices were rising as escalating attacks in the Middle East pushed oil higher, raising concerns about inflation and interest-rate hikes. In early trading, New York futures were up 0.2% to $4,446.50 a troy ounce.

According to CME Group’s FedWatch tool, traders are now pricing in a 60% chance that the Federal Reserve will raise rates when it meets next week.

“Trade barriers and geopolitical disruption can support bullion as investors seek defensive assets, but if those same developments push energy and goods inflation higher, expectations for tighter monetary policy can lift Treasury yields and increase the opportunity cost of holding nonyielding gold,” said Naeem Aslam from Zaye Capital Markets.

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Drivers warned of A417 closure as part of Missing Link scheme upgrade

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Motorists will be able to use the new permanent layout later this month

Work on the A417

Work on the A417(Image: National Highways)

Drivers are being warned that a major A-road is to be closed in both directions this month as work continues on an upgrade scheme.

The A417 Missing Link project is preparing to carry out a traffic switch that will allow drivers to travel on the new permanent layout of the road between Gloucester and Cirencester.

The road upgrade, which is being delivered by National Highways and contractor Kier, is aiming to improve the connection between the two dual carriageway sections of the A417 at Brockworth and Cowley, and a vital link between the M4 and M5.

To complete the switch, the A417 will be closed in both directions between the A46 Brockworth Junction and the Air Balloon roundabout from 11pm on Friday, September 11, to 6am on Monday, September 14.

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It will also be shutting (overnight only) from Monday, September 14, to Friday, September 18, between 9pm and 6am.

National Highways is expecting the new stretch of layout to open permanently next Friday (September 18) “weather permitting”. It will mean motorists will be able to travel along the length of the A417 between Gloucester and Cirencester without having to negotiate a roundabout.

The latest works are expected to cause delays in the area and some noise, National Highways has warned. But the body for England’s roads said access for emergency services would be maintained and diversion signs would be in place during all closures.

Celine Acard of National Highways said: “Once completed, the upgrade will transform journeys, improving reliability and safety, and bring long-term benefits for local communities, businesses and visitors alike.

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“By switching traffic onto this new section now, it enables users to follow the new A417 from Gloucester to Cheltenham, improving journeys and safety, while minimising disruption and protecting our workforce.

“We appreciate this work may cause some delays when the layout first changes, but we expect journey times to improve on the A417 following the switch.”

What will happen after A417 switch?

The latest switch will see the A417 open to traffic in its permanent layout under traffic management, allowing northbound journeys from Cirencester to continue directly towards Gloucester without exiting at Shab Hill junction.

Traffic travelling from Gloucester will continue up the hill and straight ahead towards Cirencester on the new A417, following the removal of the Air Balloon roundabout.

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The new B4070 leading to Birdlip and the northbound slip road at Cowley junction will open later this year. Access to Birdlip will remain via the existing route through Cowley junction.

This will be a significant change for traffic travelling to Gloucester, from Cheltenham via Leckhampton Hill or from Oxford via Seven Springs and the A436.

There will be no direct route from Cheltenham and Oxford to Gloucester. Traffic will use the new A436 to reach Shab Hill junction, where it can either continue ahead towards Cirencester or use the underpass to access the southbound slip road towards Gloucester.

Single-lane traffic management will remain on the route until further works are completed and additional capacity is added.

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Fully signposted diversion routes will be in place during the closure.

Gavin Jones, Kier project director, added: “We still have lots of work to do on the project, and you will see us working alongside the live carriageway on the new A417, building the remaining lanes, plus we will continue to transform the old A417 into a footpath, bridleway and cycle route.

“We thank the public and stakeholders for their support to get to this important point, and we appreciate everyone’s patience whilst we finish the job.”

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Fortum Stock Prices Jump After Google Signs Finland Nuclear Deal

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Fortum Stock Prices Jump After Google Signs Finland Nuclear Deal

Shares in Fortum FORTUM -2.59%decrease; down pointing triangle jumped after the Nordic energy company signed a deal with Google to power data centers in Finland.

In morning European trade, shares were 8.3% higher at 23.11 euros.

Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

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Janus Henderson Growth And Income Managed Account Q2 2026 Commentary

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Janus Henderson Growth And Income Managed Account Q2 2026 Commentary

Janus Henderson Investors exists to help clients achieve their long-term financial goals. Formed in 2017 from the merger between Janus Capital Group and Henderson Global Investors, we are committed to adding value through active management. For us, active is more than our investment approach – it is the way we translate ideas into action, how we communicate our views and the partnerships we build in order to create the best outcomes for clients. While our investment managers have the flexibility to follow approaches best suited to their areas of expertise, overall our people come together as a team. This is reflected in our Knowledge. Shared ethos, which informs the dialogue across the business and drives our commitment to empowering clients to make better investment and business decisions.www.janushenderson.com

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Pattern Group Inc. (PTRN) Presents at Goldman Sachs Communacopia + Technology Conference 2026 Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript