Ford to cut jobs, invest in Marshall EV battery plant

Ford is reducing its commitment to a planned Marshall-area electric vehicle battery plant by 800 jobs and more than $1 billion, a move that will reduce the plant’s production capacity by about 40 percent. But the Dearborn automaker still intends to meet its goal of opening the plant by 2026, a company spokesperson said Tuesday.

The announcement represents a dramatic departure from the 2,500 jobs and $3.5 billion in investments promised earlier this year by Ford and Gov. Gretchen Whitmer. Ford spokesman Mark Truby acknowledged that the company’s budget cuts would almost certainly mean the state would reduce the roughly $1.8 billion promised in taxpayer subsidies for the megadevelopment.

“We’ve been looking at this project for a few months. I think we’re all aware that electric vehicle adoption is increasing, and we expect that to continue, actually. But it’s not growing at the rate that I think we’re “myself and the industry what I expected,” Truby said.

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