Ford Motor is pausing construction of a $3.5 billion battery plant in Marshall, Mich., where it had planned to produce lower-cost cells using technology from a Chinese battery maker.
The U.S. automaker said Monday it was halting work and limiting spending on the factory until it is confident in its ability to operate it competitively. The stoppage is effective immediately, and the company hasn’t made any final decisions about its planned investment.
The U.S. automaker said Monday it was halting work and limiting spending on the factory until it is confident in its ability to operate it competitively. The stoppage is effective immediately, and the company hasn’t made any final decisions about its planned investment.