Manufacturing

Ford cites new tax credits in picking Michigan for $3.5B battery plant

Bill Ford
Ford Executive Chairman Bill Ford: “For now, this is what we need. We’ll always be looking to expand capacity. We’re in a growth phase.” (Michael Martinez)
February 13, 2023 06:45 PM

DETROIT — Ford Motor Co. on Monday said it will build a $3.5 billion battery plant in southwestern Michigan because new federal tax credits make a U.S. location more favorable than options in Canada and Mexico.

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