Ford Motor is cutting back on its original
plans to build a $3.5 billion battery plant.
The automaker is citing slower than expected sales of electric vehicles as
well as rising labor costs and the desire to cut costs.
Company wide,
Ford's Chief Communications Officer said this after a
all that we are now good to confirm that we're moving forward with the
plant albeit in a slightly smaller size and scope than we originally announced.
The downsize plant is expected in 2026.
It was originally set to employ approximately 2500 people.
It will now employ 1700