During an interview aired on Friday’s edition of Bloomberg’s “Wall Street Week,” Harvard Professor, economist, Director of the National Economic Council under President Barack Obama, and Treasury Secretary under President Bill Clinton Larry Summers argued that it will be more difficult for the UAW and automakers to reach an agreement on things like battery plants
Summers: Deal on Battery Plants Between UAW, Big 3 Will Be Harder to Reach than an Agreement on Wage Increase
September 24, 2023 by
Ford, Chinese Firm Plan $3.5B Electric Vehicle Battery Plant in Michigan
March 7, 2023 by
Ford Motor Company and China’s Contemporary Amperex Technology Co. (CATL) are planning a $3.5 billion electric vehicle battery plant in Marshall, Michigan. The plant, celebrated by Gov. Gretchen Whitmer (D), will be owned by Ford through a subsidiary while collaborating with CATL — China’s premier electric vehicle battery supplier. Ford hopes to open the plant in