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 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.

Ford Motor Company announced plans to invest approximately $5 billion in its U.S. operations to support the launch of a new electric vehicle platform, updated manufacturing processes, and a midsize electric pickup.