What do you believe is the single most important factor driving up the cost of living in Nigeria?

Autonomous vehicle company May Mobility Inc. is scaling back its expansion plans in Ann Arbor, Michigan.

The Ann Arbor-based company has reduced its plans for new jobs to a third of what it announced in April 2023, according to the Michigan Economic Development Corp. May Mobility had initially committed to investing $18 million and creating 300 new jobs at its headquarters. Now, the company plans to add 100 jobs by the end of October 2026.

In response, the Michigan Strategic Fund board voted Tuesday to adjust May Mobility's performance-based grant, reducing it from $3 million to $1 million. The company's deadlines for reaching its milestones were also extended under the Michigan Business Development Program.

"May Mobility is not downsizing, rather we've realigned our workforce to better meet the evolving needs of our business as we expand our autonomous vehicle services," Tom Tang, May Mobility's chief people officer, said in an email Tuesday.

"While some positions were phased out earlier in the year, we are actively adding roles in key areas to support our growth. In fact, we are hiring right now. We have 19 positions listed and will continue to open new roles that will help us meet our goals."

• Read More