News Summary Michigan is pursuing $23.6 million in incentives from Gotion Inc. after the company’s electric vehicle battery plant project near Big Rapids was abandoned. The state found Gotion in default for not conducting eligible activities for over 120 days, leading to the return of grant funds. Local residents opposed
News Summary The Michigan Economic Development Corporation has officially terminated Gotion Inc.’s planned electric vehicle battery parts plant project in Big Rapids. The project, which was to be a $2.36 billion investment, aimed to create around 2,350 jobs. The state cited Gotion’s defaults on agreements as the reason for termination,
News Summary Michigan’s new road-funding legislation has led to a controversial 83% increase in annual registration fees for electric vehicles, raising costs to a total of $260. Critics argue this move is unfair and could hinder EV adoption, while supporters claim gas vehicle drivers pay a larger share overall. Senator
News Summary Autokinition, formerly known as Oakland Stamping LLC, has announced plans to close five facilities in Southeast Michigan, resulting in the loss of 133 jobs. The closures will affect various locations in Detroit, with layoffs anticipated from December 5 to December 19. This decision highlights the ongoing challenges faced
News Summary American Rheinmetall has announced a major investment of $31.7 million in Auburn Hills, Michigan, aimed at creating 450 new jobs. This strategic move consolidates existing facilities, enhancing the company’s presence in the U.S. defense sector. The decision to establish headquarters in Auburn Hills was influenced by Michigan’s competitive
News Summary Astemo Ltd., a Japan-based automotive components manufacturer, announces a $95 million investment to establish a regional headquarters in Wixom, Michigan. This expansion will create approximately 200 jobs, with 150 engineering roles, reinforcing Michigan’s status as a hub for advanced mobility technology. Governor Gretchen Whitmer’s trade mission to Japan
News Summary The Detroit City Football Club (DCFC) has revealed plans for AlumniFi Field, a $150 million stadium in Corktown, slated for completion by spring 2027. The project includes a 15,000-seat stadium, retail space, affordable housing, and aims to serve the community beyond soccer. Demolition of the Southwest Detroit Hospital,
News Summary On August 14, 2025, a town hall meeting at Madonna University highlighted the negative impacts of tariffs on the automotive sector. U.S. Congresswoman Rashida Tlaib led a discussion with industry leaders, revealing how tariffs disproportionately burden American consumers and small businesses. The conversation stressed the need for a
News Summary The Trump Administration’s implementation of new tariffs has raised concerns for Michigan’s automotive industry, small businesses, and middle-class families. With major manufacturers like General Motors and Ford estimating losses up to $4 billion, the tariffs are expected to increase vehicle prices and burden local economies. Small business owners
News Summary The planned $55 billion semiconductor manufacturing facility by SanDisk in Mundy Township, Michigan, has been canceled due to significant uncertainty surrounding federal economic policies and tariffs. This decision, which was expected to generate up to 10,000 jobs in the region, has raised concerns about the local economy. Despite
