01:15 PM EDT, 07/08/2025 (MT Newswires) -- Ford Motor's ( F ) battery facility under construction in Marshall, Michigan, is on course to qualify for a production tax credit, Bloomberg reported Tuesday, citing a company statement.

Executive Chair Bill Ford said in May the plant was "imperiled" by language in President Donald Trump's $3.4 trillion fiscal bill, which would have prohibited the company from licensing technology from China's Contemporary Amperex Technology because it was designated as a "foreign entity of concern," Bloomberg reported.

After the legislation reached the US Senate, those restrictions were eased, and Trump signed the bill into law on Friday, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 11.70, Change: +0.11, Percent Change: +0.91