Energy and Environment

Auto union blasts Biden administration $9 billion loan to Ford battery venture

By Breanne Deppisch
Published June 23, 2023 6:02pm ET
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Auto union blasts Biden administration $9 billion loan to Ford battery venture
The largest U.S. auto union on Friday sharply criticized the Department of Energy’s conditional $9.2 billion loan to Ford and its manufacturing partner SK On to build three electric vehicle battery plants, accusing the Biden administration of “actively funding the race to the bottom” in approving the funds. In a statement, United Auto Workers President […]

The largest U.S. auto union on Friday sharply criticized the Department of Energy’s conditional $9.2 billion loan to Ford and its manufacturing partner SK On to build three electric vehicle battery plants, accusing the Biden administration of “actively funding the race to the bottom” in approving the funds.

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