Monday, July 03, 2023

It ain't her money. She's spending yours for the political kickback!-----Michigan’s $630M Ford subsidy is no guarantee of new jobs

Michigan’s $630M Ford subsidy is no guarantee of new jobs - By Ewan Hayes 
  • Gov. Gretchen Whitmer signed a bill in March to grant Ford $630 million in the name of bringing in new jobs and growing the Michigan economy.
  • Giving Ford subsidies is no guarantee of job growth, however. Last year, Ford received $100 million to spend on hiring 3,000 new employees, but it promptly fired 3,000 other employees.
  • Ford predicted that it would lose $3 billion this year on electric vehicles after a loss of $2.1 billion the previous year. 
Ford is aware that it is losing money with its shift to EVs, yet the company continues to pursue this path. Michigan government is helping fund those decisions...

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