Ford Motor has warned that jobs could be lost at its EV battery in Michigan if Congress pegs back the existing subsidies to firms manufacturing clean energy products. The manufacturing plant is slated to start operating next year and anticipates hiring 1,700 employees when production commences.
The changes being mooted in the budget being discussed put Ford and other companies in a tight spot that could put the country at a disadvantage relative to its biggest competitor, China. You can bet that these developments are likely to be of concern to other companies like Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) that were eyeing the burgeoning U.S. battery making industry as a potential…
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