5 days ago
Ford executive says loss of federal funding could 'imperil' battery factory
DETROIT, May 29 (Reuters) - Ford (F.N), opens new tab Executive Chair Bill Ford on Thursday sounded the alarm on the potential for Washington to do away with production tax credits that support the manufacturing of electric vehicle batteries.
The disappearnce of the credits would threaten Ford's investment in a Marshall, Michigan, plant. "If it doesn't stay, it will imperil what we do in Marshall," Ford said at a policy conference in the state.
'We made a certain investment based upon a policy that was in place. It's not fair to change policies after all the expenditure has been made,' he said.
