Reported 1 day ago
Ford Executive Chair Bill Ford raised concerns that proposed changes to U.S. tax credits for electric vehicle batteries could jeopardize the company's $3 billion investment in a Michigan plant set to employ 1,700 workers. He emphasized the unfairness of altering policies after investments have been made, especially since the factory plans to use technology from Chinese battery maker CATL. The ongoing tax reform discussions could significantly impact production and future job stability in the area.
Source: YAHOO