Displaying items tagged: Ford Motor Co
Ford factory subsidies, at $690,000 per job, tally up to much more than other deals
LANSING — Michigan notched a win with Ford Motor Co’'s decision to build a $3.5 billion, 2,500-job electric vehicle battery factory in Marshall.
Michigan wants $750 million to prep site for Ford EV battery plant on top of $1 billion incentives deal
LANSING — Michigan economic development officials on Wednesday asked lawmakers to allot $750 million to buy land, upgrade infrastructure and do other work in support of Ford Motor Co.’s new $3.5 billion, 2,500-job electric vehicle battery factory in Marshall, bringing total state incentives for the project to nearly $1.8 billion.
Ford battery plant deal demonstrates West Michigan’s ‘cohesive industry cluster’ in EV technology
Ford Motor Co.’s plans to invest $3.5 billion to build an electric vehicle battery plant near Marshall came as good news to economic developers across West Michigan.
Why Ford chose Marshall for $3.5 billion EV battery plant
Ford Motor Co. announced Monday plans to build BlueOval Battery Park Michigan, a $3.5 billion electric vehicle battery plant that would create 2,500 jobs in Marshall. But it wasn’t always destined for Michigan.
Ford set to announce $3.5 billion EV battery plant in Marshall, sources say
Ford Motor Co. will announce Monday details of a massive electric vehicle battery plant it has decided to build in Marshall, two people with knowledge of the company's plans told Crain’s.
Residents raise concerns as Ford-CATL consider Marshall megasite for EV battery factory
As Ford Motor Co. and its Chinese battery partner close in on a home for a $3.5 billion EV battery plant, some residents are speaking out against development of the megasite in Marshall.
The SOAR Fund takes flight to secure large competitive projects
Creating the Strategic Outreach and Attraction Reserve Fund gave Michigan a new tool to lure major economic development projects that business advocates say has quickly altered the national perception about the state.
Michigan businesses join call for state climate action plan with 2050 carbon-neutral target
Major automakers, craft breweries and an outdoor recreation resort are among Michigan companies calling on Gov. Gretchen Whitmer to finalize a statewide climate action plan that includes a carbon neutral target by 2050.
Consumers, DTE seek special electric rates for large development projects
Michigan’s two largest investor-owned utilities seek to play a more active role in economic development — particularly in luring advanced manufacturing facilities to the state — with plans to offer new electricity rates for large expansion projects.
New economic development coalition calls for change to help Michigan compete
Nearly two dozen economic development and trade organizations have formed the Winning Michigan Jobs coalition with the goal of helping the state regain a competitive edge for new jobs and investments.
Industrial electric customers could choose power supplier under new bill
A state lawmaker from West Michigan has introduced legislation that would give industrial electric customers an opportunity to select alternative power suppliers in what supporters say is an effort to reduce electric costs and attract investments.
MEDC ‘comfortable’ after steep drop in tribal revenue sharing during pandemic
Officials at the Michigan Economic Development Corp. say they are moving forward after the organization took a multi-million-dollar hit last year as revenue sharing from tribally owned casinos plummeted during pandemic-related shutdowns.
With tight industrial inventory, developers turn to outlying metro areas
Low industrial real estate vacancy rates and ongoing construction backlogs are pushing industrial projects to more rural and outlying areas.
‘We need to do more to compete:’ Economic development leaders raise concerns over Ford expansion outside of Michigan
A statewide organization of economic development leaders is sounding alarms following Ford Motor Co.’s recent announcement to venture outside of its home state to make a historic investment in electric vehicles.
Crain’s Detroit: Regulators reviewing Spectrum, Beaumont merger ahead of fall closing
The U.S. Federal Trade Commission is in the middle of its antitrust review of the proposed merger between Beaumont Health and Spectrum Health.
3 Gatos Brewery aims to give West Michigan a taste of international food, beer
WYOMING — Linus and Renata De Paoli left their corporate lives working as engineers in Germany and have opened a new brewery to introduce a range of international food and beer culture to West Michigan.
Auto dealers face vehicle shortage as supply chain woes grip industry
In a typical year, Matt Koning likes to have up to 210 vehicles listed and ready to sell across his four used car lots. Right now, his inventory is sitting at 110 — and he still feels fortunate to have that robust of a supply.
E-scooters have arrived in Grand Rapids
GRAND RAPIDS — After two years of planning, the city of Grand Rapids has launched an e-scooter sharing program.
DTE Energy plans major two-year solar energy buildout to meet corporate demand
DTE Energy plans to significantly expand its solar energy portfolio in the next two years to support growing corporate demand for renewable energy contracts.
Michigan Israel Business Accelerator’s new initiative to help local companies harness innovation
In a business climate in which manufacturers are pressured to stay up on the latest technology, there is little wonder why Michigan-based companies might look to Israel for best practices.
Commercial EVs gain attention from automakers, corporations, environmentalists
Major automakers as well as nascent startups are showing an increased focus on electrified commercial delivery vehicles, hoping to gain market share as corporate demand increases.
Automotive supply chain adapts to month-by-month scenario planning
Automotive manufacturers are back up and running after months of production shutdowns following widespread outbreaks of COVID-19.
Nessel joins lawsuit challenging Trump administration fuel economy rollback
Michigan Attorney General Dana Nessel has joined 22 other states in challenging the Trump administration’s rollback of Obama-era automobile fuel economy standards.
Suppliers resume manufacturing in preparation for automakers
Automotive suppliers in West Michigan will begin warming up the industry’s supply chain next week.
Court challenges to follow Trump administration’s vehicle fuel economy rollback
Nearly two years after announcing its initial plan, the Trump administration issued a final rule on March 31 that rolls back Obama-era automobile fuel economy standards and requires modest fuel efficiency increases in forthcoming internal combustion models.
Arsenal of health: Manufacturers shift operations to meet needs during pandemic
Demand for the mobile computer workstations produced by Walker-based health care furniture manufacturer Altus Industries Inc. had already begun to spike as hospitals started setting up quarantine and triage areas in preparation for an influx of COVID-19 patients.
Reports: Detroit Three automakers to close all North American factories
Detroit’s Big Three automakers will shut down all of their factories in an effort to protect workers and the further spread of novel coronavirus, according to various industry reports.
Automotive analysts see shifting dynamics amid coronavirus spread
The automotive industry is scrambling to strike a balance between near-term execution and unsteady industry disruption from the novel coronavirus outbreak.
State Legislature considers bills to significantly change health care certificate of need regs
Michigan’s certification-of-need regulations for health care projects could undergo significant changes under legislation proposed in Lansing.
Michigan’s attractiveness grows among aerospace manufacturers
Michigan is the most attractive state in the Midwest for new aerospace manufacturing businesses.