Mobility

Ford to launch Fadom electric pickup in 2027, cut parts and boost assembly speed 40 percent

Ford will begin mass-producing its midsize electric pickup Fadom in early 2027 and sell it from $28,350. The model will be the first vehicle on Ford\'s new Universal EV platform and is slated for production in the first quarter at the Louisville Assembly Plant. Ford plans to revamp production by building the vehicle in three zones and using large aluminum castings, cutting parts sharply and raising assembly speed by 40 percent.

Industry

South Korea to add 230,000-plus homes in capital region, to announce 100,000 new sites this year

South Korea plans to add 230,000-plus homes in the Seoul capital region by speeding up public land development, raising the pace of redevelopment and urban housing projects, and expanding non-apartment supply and public sale and rental housing. The government will cut the time from announcing candidate public sites to starting construction and will announce 100,000 homes in new public housing districts this year. It also plans to ease rules for redevelopment and provide new public rental and lease-support programs for young people.