Tuesday, November 21, 2023

"Ford to drastically scale back jobs, investment plans for Marshall EV battery plant"

From the Detroit Free Press, November 21:

Ford is reducing its commitment to a planned Marshall-area electric vehicle battery facility by 800 jobs and more than $1 billion dollars, a move that will reduce the plant's production capacity by roughly 40%.

But the Dearborn automaker is resuming work at the site after a two-month pause and still intends to meet its goal to open the plant by 2026, a company spokesman said Tuesday.

The announcement represents a drastic shift from the promised 2,500 jobs and $3.5 billion investment announced earlier this year by Ford and Gov. Gretchen Whitmer. Ford spokesman Mark Truby acknowledged the company's cuts also almost certainly mean the state will reduce the roughly $1.8 billion promised in taxpayer subsidies for the megadevelopment....

....MUCH MORE, the hometown paper goes deep.