Tag Archives: Michigan Governor Gretchen Whitmer

Ford Says Trump Tariffs Will Slash Earnings by $2B

Posted on 31 July 2025 by Ken Zino

Ford Motor Company (NYSE: F) reported late yesterday its Q2 and H1 2025 financial performance. The now common internally created factors of Ford’s warranty costs,* losses on electric vehicles and the external Trump’s tariff chaos negative effects were in play. Tariffs slashed $800 million from Ford profits during Q2, the Dearborn-based company said. Its latest estimate of $2 billion in tariff costs for the year includes the impact of cost-cutting and other measures Ford is taking in response to President Trump’s trade policies. Ford Motor booked a $1.3 billion loss from repairs of vehicles under warranty, cancellation of plans to build an electric sport utility vehicle and other one-time costs. The Q2 net loss was $36 million. Ford common stock per share has been trading in the $8.44 – $11.97 range during the last year, hovering ~$11 a share recently. Its three-year return of ~5% compares to the S&P 500 at 54%. Continue reading →

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Michigan Signs MOU With UAE

Posted on 19 February 2025 by Ken Zino

Michigan Governor Gretchen Whitmer joined His Highness Sheikh Saud bin Saqr Al Qasimi, UAE Supreme Council Member and Ruler of Ras Al Khaimah (RAK), and leaders from the Michigan Economic Development Corporation (MEDC) and the University of Michigan (U-M) to sign a strategic Memorandum of Understanding (MOU) to advance global innovation, entrepreneurship, economic growth, and job creation. The ceremony was attended by Robert Raines, Consul General of the United States in Dubai and the Northern Emirates, along with a delegation of business, academic, and innovation leaders from the State of Michigan.

“Michigan is an international leader in manufacturing and innovation,” said Governor Whitmer. “By signing a Memorandum of Understanding with RAK and the University of Michigan, we are highlighting our advanced manufacturing strength, engineering talent, and cutting-edge R&D while showing the world why they should continue to create jobs and invest in Michigan.” Continue reading →

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More Green Economy Jobs Coming to Michigan

Posted on 17 January 2025 by Ken Zino

Four economic development projects in Southeast Michigan  representing~ $55 million in capital investment and 167 jobs in Wayne and Oakland counties were announced today by Governor Gretchen Whitmer. 3E Nano Inc, dba NxLite is a company providing nano-thin energy and solar control coatings for the polymer, glass, and window industries. Robert Bosch LLC., part of the Bosch Group intends to create a Regional Hydrogen Research and Development Hub at the company’s Farmington Hills headquarters. Envergia recovers minerals and metals from recycling of industrial lithium-ion and EV batteries. Software company dSPACE.

“Today, we are investing in advanced manufacturing companies across Southeast Michigan to create 167 good-paying jobs and build on our work to grow Michigan’s economy,” said Governor Whitmer. “From battery recycling to software testing to research and development, we are bringing good-paying, high-tech jobs home to Michigan, creating opportunities for our workers and securing the automotive supply chain.” Continue reading →

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Hemlock Semiconductor to Open New Plant in Michigan

Posted on 21 October 2024 by Ken Zino

Governor Gretchen Whitmer of Michigan today confirmed that the Biden-Harris administration provided the proposed direct funding of $325 million to Michigan-based manufacturer Hemlock Semiconductor (HSC)*

“HSC is one of many Michigan-based companies that is helping us lead the future of advanced manufacturing. Thanks to the Biden-Harris administration’s bipartisan CHIPS and Science Act and the U.S. Department of Commerce, we are ensuring HSC’s global leadership in the powerful domestic supply chain to manufacture semiconductor chips needed for everything from computers and phones to AI applications. Together, we are strengthening national and economic security by ensuring supply chains, good-paying jobs, and cutting-edge investments are where they belong—here at home. Let’s build the future we all want—one where America leads,” said Whitmer. Continue reading →

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EPA – State Fuel Waivers for ExxonMobil Refinery Shutdown

Posted on 1 August 2024 by Ken Zino

The action comes after progressive Michigan Governor Gretchen Whitmer sent a letter to the EPA, “requesting an emergency fuel waiver that will increase the supply of fuel and help mitigate price fluctuations amidst the refinery outage, the ongoing hurricane season, and as Michiganders continue to enjoy summer travel plans.” Continue reading →

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The US’s first public EV-charging Roadway Unveiled in Detroit

Posted on 30 November 2023 by Ken Zino

This project for a zero-emission mobility future where EVs are plentiful is endorsed by Michigan Governor Gretchen Whitmer, who announced the pilot initiative in September 2021 to develop the nation’s first wireless charging infrastructure on a public road in Michigan. MDOT and Electreon have entered a five-year commitment to develop the electric road system (ERS), using the technology on Michigan roads. Continue reading →

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US and Canada Announce Bi-National EV Charging Corridor

Posted on 16 May 2023 by Ken Zino

The new EV corridor will run from Kalamazoo, Michigan to Quebec City, Quebec using part of the ~75,000 miles of Alternative Fuel Corridors in the United States. The Corridor will have DC fast chargers every ~50 miles or 80 kilometers. Continue reading →

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