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from24/7 Wall St.
1 week agoGas, Hybrids, and Autonomy Put Ford and GM Back on Investors' Radar
EV growth cooled, shifting investor focus back to gasoline-powered vehicles, dividends, and autonomous driving as catalysts for Ford and GM.
The $5.8 billion Glendale site currently employs about 1,450 workers and could grow to 5,000 if it reaches full capacity. Its inauguration has come after reaping benefits from the Biden administration's pro-climate policies, mainly the Inflation Reduction Act (IRA). In December 2024, the U.S. Department of Energy awarded BlueOval SK a record $9.3 billion loan to build three battery plants: two in Kentucky and one in Tennessee. At the time, the DOE said the projects would support 5,000 construction jobs and create up to 7,500 operations jobs.