| Ticker | Status | Jurisdiction | Filing Date | CP Start | CP End | CP Loss | Deadline |
|---|
| Ticker | Case Name | Status | CP Start | CP End | Deadline | Settlement Amt |
|---|
| Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
|---|
Ford today received revised incentive offers consistent with previously announced changes to BlueOval Battery Park Michigan and other jobs and investments in Michigan
The modifications reflect Ford's flexibility to meet customer demand in line with its Ford+ plan, which includes developing a profitable electric vehicle business
Construction of the 1.8-million-square-foot BlueOval Battery Park Michigan facility is more than 20% complete
Ford's contributions to the communities surrounding BlueOval Battery Park Michigan now approach $450,000, addressing community needs
MARSHALL, Mich., July 9, 2024 – BlueOval Battery Park Michigan remains on track to begin production of lithium iron phosphate (LFP) batteries in 2026 for Ford's future electric vehicles.
Ford today received a revised incentive offer from the Michigan Economic Development Corporation's Michigan Strategic Fund for BlueOval Battery Park Michigan in Marshall, Michigan, to match the reduced scope of the project announced last November.
The agency also revised its incentive offer for another job-creation and investment initiative spanning several Ford facilities in Michigan. The company announced this project in June 2022 and later revised its plans with a new third crew at Michigan Assembly Plant, including some employees from the Rouge Electric Vehicle Center.
When complete, the two projects will have created or retained upwards of 5,000 Ford jobs in Michigan. Several thousand of those jobs have already been added or retained since 2022, bringing Ford's total to more than 44,000 employees in the state.
Posted In: F
