Cleantech & EV'sNews

Ford cuts back on major EV investment, jobs at Michigan battery plant

In its latest setback, Ford is cutting back on another significant EV investment. The company is scaling back plans at its $3.5-billion EV battery plant in Michigan as it adjusts to market demand. Ford said it was “re-timing and resizing some investments” in a statement Tuesday. Although it remains bullish on its long-term strategy, Ford is reducing its investment and cutting jobs at its…
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