And they claim this will create 3,000 jobs, while they plan to eliminate 6,000 jobs next quarter. Unbelievable untruthfullness.
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Done deal. On the backs of the Michiganders:
Nearly three years ago, the state of Michigan awarded FoMoCo $35.3 million in new tax incentives for Detroit area Ford plants as the automaker invested $1.45 billion in those same facilities. Now, as The Blue Oval works to produce more electrified models like a possible all-electric version of the Ford Bronco, a hybrid variant of the new Ford Ranger Raptor, a next-gen Ranger EV, and perhaps even hybrid versions of the S650 Ford Mustang, additional investments in Detroit area Ford plants will be needed as well, and those will apparently include another $135 million from the state of Michigan, according to The Detroit News.
That money would reportedly help fund a retooling of the automaker’s Detroit-area plans for both ICE and EV models that would also add around 3,000 jobs. Broken down, the state would provide $100 million derived from a newly formed job creation fund, with the rest coming from a State Essential Services Assessment property tax exemption at certain facilities.
Ford has not yet announced what, exactly, it plans to invest in its Michigan-based facilities as part of this deal, but an announcement on this particular deal involving both it and government officials is reportedly scheduled for Thursday. Previously, Michigan officials awarded General Motors and LG Energy $666 million in cash incentives to build a battery plant in the state from the same fund, which now has $333 million remaining from its original $1 billion.
@1exf
Wrong. It was published in the Detroit News.
Also, you should educate yourself on proper use of apostrophes.
All rumor’s.
Taxpayers should refuse to support Ford with subsidies. Way too cozy of a relationship between Ford and Government. Anybody else believe that these are perks from the admin for Ford’s serving up the EV Kool-Aid to the public. Shameful.
Post ID: @kty+1gX0SdH1
You need a recommendation to HR to be a designated person for layoff. HR does not take kindly to disinformation. Just like our government.
Thanks for playing HR/Mgmt, but we don't believe you. Between those two areas you've managed to destroy the morale of those doing the actual work that keeps the company going.
laying off 6,000 employees next Quarter is incorrect info. where are you hearing that? these are just rumors! layoffs are done.
Ford should refuse to accept welfare from taxpayers. We are a profitable corporation that earns billions, most taxpayers earn much less than we do. Bill Ford and Farley should be ashamed to accept this taxpayer money when they know they are laying off more than 3,000 employees this year, not creating new jobs at all.