A year ago this week, Ford cut a big tentative deal to sell its abandoned Wixom assembly plant to two renewable-energy companies, in a $725-million industrial conversion that promised to create 4,300 new jobs.
Problem is, it’s still a tentative deal.
A closing on the sale is at least three or four months away. Loan guarantees from the U.S. Department of Energy, critical to financing the project, have not yet been approved. Production of grid storage batteries and solar panels, initially supposed to start in 2011, won’t likely occur that soon. Ditto for most of the new jobs the conversion promised.
To read more, please follow this link.
