Closeup of an all-electric F-150 Lightning. | Photo by Andrew Hawkins / The Verge
Ford announced it is cutting production capacity on its upcoming electric vehicle battery plant, amid cooling customer demand for purchasing EVs and rising labor costs. The automaker says it will reduce its original $3.5 billion planned investments to build the Michigan plant to somewhere around $2 billion and is now only expecting to hire 1,700 workers instead of 2,500.
Ford had originally announced the am...
