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Ford announced it is cutting 11% of its jobs in Europe, and Ford’s $3.5B battery plant will be in Michigan. Roughly 3,600 jobs will be eliminated, mainly in Germany and the UK, to cut costs and stay competitive in the EV market. The new battery plant in Michigan will create around 2,500 jobs initially and produce low-cost EV batteries to lower the buy-in for people new to the market.
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Hyundai and Kia will provide a free anti-theft software update to 8.3M vehicles by June, 2023. The upgrade is largely in response to a dangerous TikTok trend that involves exposing flaws in security, which lead to joy rides. The update covers 2017-2020 Elantra, 2015-2019 Sonata, and 2020-2021 Venues.
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Honda partnered with LG to level up their EV game with a plant in Ohio. Last Wednesday, they signed an agreement with the capital city to develop a battery plant about 40 miles SW of Columbus. In a move to make Ohio a hub for their North American EV development and production sect, the giants have already committed at least $4.2B to back the efforts. They anticipate more than 2,527 new jobs will be created.