Ford's upcoming midsize electric pickup truck might revive a classic nameplate, according to a recent patent filing. The American automaker is teasing a groundbreaking electric vehicle (EV) that could bring back the Ranchero name.

Ford will invest $5 billion, including $2 billion at its Louisville, Kentucky factory on top of $3 billion already announced for its BlueOval battery plant. It will expand the Louisville facility by 52,000 square feet and "create or secure" nearly 4,000 direct jobs, Ford added.