Ford to scale back planned $3.5 bil­lion elec­tric vehi­cle bat­tery plant in Michi­gan

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Ford said Tues­day it is scal­ing back a planned $3.5 bil­lion invest­ment in an elec­tric vehi­cle bat­tery plant in Michi­gan. The news comes as U.S. automak­ers look to scale down their aggres­sive pro­duc­tion tar­gets for the vehi­cles amid slow­er-than-expect­ed con­sumer demand.
Ford offi­cials said they still plan to move for­ward with the con­struc­tion of the Mar­shall, Michi­gan, EV bat­tery fac­to­ry and its planned open­ing in 2026, but the com­pa­ny not­ed they are “re-tim­ing and resiz­ing some invest­ments.”
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That includes reduc­ing the num­ber of jobs at the plant from 2,500 to around 1,700, offi­cials announced Tues­day.
Ford also said it will cut the facility’s planned bat­tery pro­duc­tion from 30 gigawatt hours per year down to 20 gigawatt hours.
“We looked at all the fac­tors. Those includ­ed demand and the expect­ed growth for EVs, our busi­ness plans, our prod­uct cycle pl …