Posted 9/25/2023, 7:57:00 PM
Ford Pauses Work on $3.5B Michigan Battery Plant Over Cost and Policy Concerns
- Ford pauses work on $3.5 billion battery plant in Michigan due to concerns about competitively operating the plant
- Pause comes as Ford has raised EV loss forecast and slowed production ramp up
- Ford awaiting guidance on whether plant would violate new EV tax credit rules
- Some Michigan Republicans questioned $1.7 billion in state incentives for plant
- UAW wants automakers to pay battery plant workers same wages as assembly workers
- Announcement comes as Ford negotiates new contract with UAW amid worker strikes
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