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JPMorgan, Ford to Invest Billions in Michigan Manufacturing

JPMorgan Chase & Co. and Ford Motor Co. are helping launch a new program to bolster production in the state of Michigan. The bank and automaker will help suppliers in the program. JPMorgan CEO Jamie Dimon, Ford CEO Jim Farley and Michigan Governor Gretchen Whitmer speak exclusively to Bloomberg’s David Westin in Detroit. ——– Like…

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JPMorgan Chase & Co. and Ford Motor Co. are helping launch a new program to bolster production in the state of Michigan. The bank and automaker will help suppliers in the program. JPMorgan CEO Jamie Dimon, Ford CEO Jim Farley and Michigan Governor Gretchen Whitmer speak exclusively to Bloomberg’s David Westin in Detroit.
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10 Comments

10 Comments

  1. @therealcnn5346

    September 29, 2026 at 1:35 pm

    Ford f150 2026
    Had 77 recalls😂

  2. @Smart_Investing

    September 29, 2026 at 2:55 pm

    Come on ford, when are we getting flying vehicles? M&A deal for eVTOLs yet? Times a tickin’

    Albert N (Owner) at Smart Investing AI and Smart Consulting AI

  3. @tfoen7678

    September 29, 2026 at 4:52 pm

    This is interesting to hear.
    I’m curious to know why JP Morgan/Chase Bank instead of a Michigan based bank?!?
    And ford being involved and not GM?
    Hmm…more has to told

    • @jeroldparker7766

      September 29, 2026 at 9:16 pm

      Quick answer, JP Morgan has deeper pockets to do the financing here in Michigan!

  4. @valdinilsondesouzamartins2822

    September 29, 2026 at 6:05 pm

    “While the model looks perfect on paper, an analytical approach requires looking at structural bottlenecks:

    The U.S. advanced manufacturing sector suffers from a chronic labor shortage. Technical schools and tuition-free programs (like those promoted by Whitmer) take years to train specialists in robotics, industrial AI, and rare earth metallurgy. The program risks having the capital and the demand, but stalling due to a lack of skilled labor in the short term.

    Producing rare earth magnets in the U.S. is substantially more expensive than in Asia due to strict environmental regulations and high wages. Once the subsidies and low-interest credit lines from JPMorgan Chase end, will these SMEs be able to sustain themselves against the international market?

    Refining and metallurgy may take place in Michigan, but the primary extraction of raw ores is still heavily concentrated outside the Americas, maintaining an indirect geopolitical dependence.”

  5. @charlesvanysseldyk3336

    September 29, 2026 at 6:54 pm

    Why would you invest in Michigan and have the unions controlling your business?

  6. @worldaccordingtoLinus

    September 29, 2026 at 7:36 pm

    nobody wanted to do skill trade jobs
    are you nuts?
    thats manual labor that will drain your blood

  7. @M.B.O1O1

    September 29, 2026 at 7:37 pm

    The rebuilding and growth of Michigan’s car industry is a huge Trump contribution to Michigan. Say what you will about his psychological issues, he is turning the country around to a better long term economy. Its huge. The democrats…would they have accomplished this. Would they ever be able to come face to face with the flow of unvetted migrants?

  8. @KRANKAEWPRASIT

    September 29, 2026 at 8:44 pm

    🇺🇸🇺🇸👍👍🙏🙏

  9. @jeroldparker7766

    September 29, 2026 at 9:13 pm

    Gretchen on her way out the Democrat, has finally seen the light!

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Alphabet Inc.’s Google is rolling out new artificial intelligence chips, aiming to capitalize on its rapid ascent as a challenger to Nvidia Corp. Mandeep Singh of Bloomberg Intelligence has more.
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Enterprise AI spending has surged to $177 billion, up from $33 billion in 2025, according to Menlo Ventures’ latest State of Enterprise AI report. Partner Deedy Das says AI agents now account for 80% of usage, as businesses move beyond chatbots toward systems capable of completing complex tasks autonomously. He also discusses the dominance of Anthropic and OpenAI in enterprise API spending. He joins Carol Massar on “Bloomberg Tech.”
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Wealth Enhancement CIO Doug Huber says the fundamental investment case for Nvidia hasn’t changed, but the investigation surrounding CEO Jensen Huang is putting leadership, succession and corporate governance more firmly into the valuation debate. He joins Carol Massar on “Bloomberg Tech.”
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