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23 November 2023

Daily Newsletter

23 November 2023

Blue Oval Battery Park still go with cuts

Had originally suggested the site would create around 2,500 jobs

Graeme Roberts November 22 2023

Ford is building Blue Oval battery facilities in three states

Ford said it had been (re)evaluating BlueOval Battery Park Michigan in Marshall.

"We are pleased to confirm we are moving ahead with the Marshall project, consistent with the Ford+ plan for growth and value creation. However, we are right-sizing as we balance investment, growth, and profitability," the automaker said in a statement.

"The facility will now create more than 1,700 good-paying American jobs to produce a planned capacity of approximately 20 GWh."

Ford had originally suggested the site would create around 2,500 jobs but had paused the project in September.

"We still expect BlueOval Battery Park Michigan to be the first of Ford’s battery plants of this kind when it begins producing LFP battery cells starting in 2026," the automaker added.

"While we remain bullish on our long term strategy for electric vehicles, we are retiming and resizing some investments."

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