Posted 9/26/2023, 9:06:25 PM
Ford Puts Brakes on $3.5B Michigan Battery Plant Amid UAW Strikes
- Ford halts construction of $3.5B Michigan EV battery factory amid UAW strikes
- Ford cites uncertainty about "competitively operating" the plant due to strikes
- Factory was set to produce EV batteries with Chinese partner CATL
- News comes ahead of Biden's Michigan trip to join striking UAW workers
- UAW accuses Ford of "shameful, barely-veiled threat" to cut jobs
- Ford previously credited for more concessions than GM, Stellantis in talks