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Detroit Neighborhoods Receive $35M in Commitments for Improvements

Detroit neighborhoods will get $35 million in commitments from seven companies, Mayor Mike Duggan and company executives announced today.

Warren-based Universal Logistics Holdings Acquires California’s Container Connection

Warren’s Universal Logistics Holdings Inc., an asset-light provider of customized transportation and logistics solutions, Friday announced it has acquired Deco Logistics Inc. and Oaktree Logistics Inc., collectively Container Connection. The cash purchase was $60 million.

Ann Arbor’s Millendo Therapeutics Merges with OvaScience of Massachusetts

Ann Arbor’s Millendo Therapeutics Inc., a clinical-stage biopharmaceutical company focused on developing treatments for orphan endocrine diseases, has merged with OvaScience Inc. in Waltham Mass.

Ford Appoints Worthington to Vice President of Global Product Development Operations

Ford Motor Co. today announced it has named Trevor Worthington vice president of global product development operations and vehicle programs, and tapped Graham Pearson to succeed him as vice president of product development in the Asia Pacific region.

Report: Michigan Must Attract, Retain College-educated People to Create Broad Middle Class

Michigan Future Inc. today released a report saying Michigan must create regions anchored by central cities that attract college-educated individuals before it can have a broad middle class.

Detroit Auto Show Renews Contract with Cobo Center Through 2026, Announces 2020 Dates

The North American International Auto Show (NAIAS) announced Friday it has signed a seven-year contract with Cobo Center, confirming the center’s status as the show’s venue through 2026. It also confirmed show dates for June 2020.

Ford Motor Co. Announces Retirements in Treasury, Product Development, and Manufacturing

Ford Motor Co. in Dearborn today announced three long-serving global executives – Kenneth R. Kent, Joseph Bakaj, and Bill Russo – are retiring at the end of the year.

Chinese Electric Vehicle Battery Maker Plans to Open North American Subsidiary in Detroit

Contemporary Amperex Technology Co. Ltd., a Chinese supplier of lithium-ion battery products for electric vehicles and energy storage facilities, is planning to open a Detroit-based North American subsidiary. A date and location were not revealed.

U-M Law School in Ann Arbor Receives $33M Gift

Lisa and Chris Jeffries have committed $33 million to the University of Michigan Law School in Ann Arbor, the university announced Thursday. The gift is dedicated to student support and will be used for scholarships, financial aid, summer funding programs, and debt management.

Livonia’s Tower International to Sell European Operations to French Company

Livonia’s Tower International Inc., a global manufacturer of engineered automotive structural metal components and assemblies, today announced it has entered into a stock purchase agreement relating to the sale of all of its European operations to Financière SNOP Dunois S.A., a privately owned French automotive supplier.

Detroit’s Hamilton Anderson Design Firm to Expand to Atlanta

Hamilton Anderson, a Detroit design firm, today announced it will expand to Atlanta in partnership with Atlanta-based urban design firm SHAPE. Hamilton Anderson worked on Little Caesars Arena and the redevelopment of Hudson’s Department Store site and Motown Museum, all in Detroit.

Blog: Did You Just Sign an Illegal Settlement Agreement?

Both Michigan law and federal law have long prohibited “restraints” on trade or commerce. Violations can include fines and criminal prosecution. There is the additional risk that a court will refuse to enforce agreements, including settlement agreements, that contain restraints on trade, upending expectations.

Auburn Hills’ FCA Announces Leadership Changes

Auburn Hills-based Fiat Chrysler Automobiles today announced three leadership changes: Mark Stewart has been named COO of the North America region, Niel Golightly has been named global chief communications officer, and Mike Keegan has been named chief audit, sustainability, and compliance officer.

Denso in Southfield Invests Nearly $100 Million in Startups to Advance Mobility

Denso, which operates its North American headquarters in Southfield, says it has invested nearly $100 million over a four-year period in startup companies around the world as part of its long-term vision to provide software-based solutions focused on electrification, automated driving, connectivity, and shared economy.

GP Strategies Corp. Acquires Bloomfield Hills’ TTi Global

TTi Global, a training, staffing, research, and consulting company headquartered in Bloomfield Hills, has been acquired by GP Strategies Corp. of Columbia, Md. Terms of the deal were not disclosed.

Nino Salvaggio to Open Bloomfield Township Location on Dec. 28

Nino Salvaggio International Marketplace is opening a new location on Friday, Dec. 28 in Bloomfield Township at the southwest corner of Telegraph and Maple roads.

With the 2020 Silverado HD High Country, Chevrolet Advances Vehicle Personalization

Chevrolet today unveiled its 2020 Silverado HD High Country, the second of five trim level models for the new pickup. The trim levels also include Work Truck, Custom, LT, and LTZ.

Wayne State Signs Agreement with Canada’s CNA Diagnostics to Lead U.S. Clinical Trials for Sepsis Diagnostic Test

Wayne State University in Detroit has signed an agreement with Canada’s CNA Diagnostics Inc. to lead the U.S. clinical trials for a new human sepsis diagnostic test that can provide results within four hours at a hospital or clinic. Standard blood culture techniques take several days to identify the bacterial strain that causes sepsis.
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From Our Partners

Sequoia Strong: Building a Resilient Business

Like the Sequoia trees, our businesses need to be durable, flexible and resilient to be successful long-term. When things are at the worst is when leadership needs to be at its best. Be prepared for the unplanned and you’ll more effectively weather the storms.

Making Strides Against Breast Cancer

After several years of running a successful beauty supply business, Larry Gaynor, President & CEO of New Boston, Mich.-based tng worldwide, decided he wanted to get involved in the fight against breast cancer.

For the Business Owner: Are You Prepared for Retirement? Is Your Business?

Whether you’re two years from retirement or 20, you should be taking advantage of your skills and experience to ensure great outcomes, both for your own financial situation and the team you manage.
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More »From the Magazine

Spread Order

Lasting Prosperity

Michigan’s economy has accelerated over the last two years due to favorable federal policies and smart reform from Lansing. But unless state leaders lower personal taxes, remove burdensome regulations, and eliminate corporate welfare programs, the good times won’t last.

CEO Gift Guide 2018

Our holiday shopping guide takes you from the American Revolution to outer space.

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Bringing content for the deaf and hard-of-hearing to a global audience.

Snow Much Fun

The spirit of the holidays is aglow at a Bloomfield Hills business all year long.

Green and Smart

NextEnergy in Detroit transforms its mission to drive new transit solutions.

Green Wave

OHM Advisors in Livonia helps limit environmental challenges like harmful algae.

Books and Mortar

Local comic book stores suffer as online retailers and auction sites become more prominent.

True Warrior

Dave Morrow, a graduate of Brother Rice High School in Bloomfield Township, takes the lacrosse world by storm.

Keen Tuning

WKNR Keener 13 in Dearborn dominated the local radio market in the mid-1960s, thanks to a young widow and a crafty consultant.

Dynamic Duo

As the United States and China compete for global trade dominance, the biggest prize is the development and control of intellectual property.

Data Highway

KLA Laboratories is moving into the digital world of autonomous and connected vehicles.

Compendium News Links More »

The Outside Media Opine on the Motor City

Let Syrians Settle Detroit

Source: The New York Times

Larry Page Looks Ahead

Source: Fortune

Detroit Homes Still Selling for $1

Source: The Daily Caller News Foundation

You Can Sell a Lot of Cars with a Tent

Source: Bloomberg Businessweek

Matty Moroun, Detroit's Border Baron

Source: Bloomberg Businessweek

The Death and Life of Detroit

Source: The American Prospect

Women in a Man’s World

Source: The Wall Street Journal

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