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Ford is planning to temporarily shut down its Louisville Assembly Plant for over eight months later this year.
Ford invested $3 billion to build the LFP battery plant in Marshall, Michigan, but expected to receive roughly $700 million in federal tax credits to help offset the cost.
In May, Ford warned that the House version of U.S. tax legislation would potentially cut credits that supported manufacturing using Chinese tech.
Ford Motor said Tuesday it believes its planned $3 billion Michigan electric vehicle battery plant, which is 60% complete, will qualify for production tax credits after a massive tax and budget ...
Ford Motor Co. says it’s on track to open a massive electric vehicle battery plant in southwest Michigan despite facing political pressure, local pushback and a federal bill that could cut its ...
Ford received a reduced incentive package from Michigan last year for the battery plant after it cut expected production there to match slowing demand for electric vehicles.
Slight changes to the big policy bill left the factory’s tax credits intact, according to the carmaker, which will use the batteries to make more affordable electric vehicles.
(TestMiles) – After months of political back-and-forth, Ford’s $3B battery plant in Marshall, Michigan, is officially back on track to receive critical federal tax incentives despite ties to ...
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