UAW President Sharply Criticizes Energy Department $9.2B Loan For Ford Joint Venture Battery Plants
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UAW President criticizes the Energy Department's $9.2 billion loan for Ford's joint venture battery plants, arguing it undermines the union's efforts to protect jobs.
June 23, 2023 | 4:04 pm
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Ford's joint venture battery plants receive a $9.2 billion loan from the Energy Department, but face criticism from UAW President.
The $9.2 billion loan for Ford's joint venture battery plants is a significant investment, but the criticism from the UAW President may create tension between the company and the union. This could lead to potential labor issues, but the overall impact on Ford's stock price is uncertain in the short term.
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IMPORTANCE 60
RELEVANCE 100