Ford made a major announcement at its Louisville Assembly Plant -- a multi-billion-dollar investment and a brand new vehicle.

The company said it is making a "radical change" to how they design and build vehicles, calling it its biggest change since the Model T. Advertisement

Ford is launching a big, universal electric vehicle system and platform in Louisville, which will support the making of a new "self-sustaining" electric vehicle.

That vehicle, a midsize, electric pickup, will be built in Louisville starting in 2027.

Officials said the electric truck will be affordable, starting at $30,000.

President and CEO Jim Farley said the company will invest $2 billion into transforming and updating Louisville's plant.

UofL coach Pat Kelsey introduced the announcement, calling it "one of t

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