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Report: Lower Demand Projected for Auto Industry as Autonomous/Hybrid Investments Increase

The automotive industry faces the possibility of a sizable capital drain in the near term due to unprecedented investments into electric and autonomous vehicles before the technologies are fully cost-competitive, according to a new study by AlixPartners, a global consulting firm with offices in Southfield.

Michigan’s 2019 Budget Provides $1B for Transportation Infrastructure, Safety Initiatives

Michigan Governor Rick Snyder Thursday signed the state’s fiscal year 2019 budget into law. Senate Bill 848 was sponsored by Sen. Dave Hildenbrand and provides $39.9 billion in state funding. The bill is now Public Act 207 of 2018. Snyder did not veto any portion of the budget.

Report: Local Governments See Single-family and Multifamily Housing Shortage

The University of Michigan in Ann Arbor Wednesday reported many local governments say there is a shortage of housing in their counties and cities, according to a new survey. About 40 percent of municipal respondents say they have too little single-family housing, and nearly half say their county has too little multifamily housing.

Matt and Karen Cullen Donate $4M to Detroit Riverfront Conservancy at Shimmer on the River

On Thursday, the Detroit RiverFront Conservancy presented its annual Shimmer Award to Matt Cullen, chairman of the conservancy, and his wife, Karen Cullen, at the eighth annual Shimmer on the River.

Midland’s Dow, Ann Arbor’s U-M, University Center’s Delta College to Create Education Hub in Midland

The Dow Chemical Co. in Midland, Ann Arbor’s University of Michigan, and Delta College in University Center Thursday announced a collaboration to develop an interdisciplinary innovation and education hub.

Professor at East Lansing-based MSU Awarded Grant to Harvest Medical Isotopes

A chemist at East Lansing’s Michigan State University will use a $357,000 grant from the U.S. Department of Energy Office of Science’s Office of Nuclear Physics to look into new methods of gathering rare isotopes. Greg Severin, assistant professor of chemistry, will explore the isotopes, which will allow scientists to evaluate new diagnostic and therapeutic techniques.

GM Breaks Ground on $65M ACDelco and Genuine GM Parts Processing Facility

General Motors Customer Care and Aftersales (CCA) broke ground today on an all-new $65 million ACDelco and Genuine GM Parts processing center on a vacant 141-acre lot near the intersection of Genesee and Davison roads in the city of Burton. It is the company’s largest single investment in a warehousing and logistics facility in the United States in nearly 40 years.

StockX in Detroit Adds Supreme Skate Decks and Fear of God Streetwear to its Marketplace

Detroit’s StockX, a stock market for high-demand, limited-edition consumer goods, Tuesday announced it has added Supreme skate decks and Fear of God streetwear to its marketplace.

AF Group in Lansing Expands into Commercial Auto Insurance

Lansing’s AF Group, a provider of insurance solutions, today announced its expansion into commercial auto insurance with the launch of Fundamental Underwriters, a new product aimed at providing insurance coverage for accounts with specialty risks.

Marquette Castings in Royal Oak Starts Manufacturing in Michigan

Royal Oak’s Marquette Castings has launched a new line of cast iron and carbon steel skillets that are designed and produced in Michigan. Products were previously designed in Royal Oak and manufactured in China.

Cooper’s Hawk Winery and Restaurants to Open First Michigan Location in The Mall at Partridge Creek

Cooper’s Hawk Winery and Restaurants, an establishment that combines a restaurant, winery, Napa-style tasting room, and artisanal retail market, is debuting its newest location in Clinton Township on June 25. The restaurant will be in The Mall at Partridge Creek.

Evoqua Water Technologies Corp. in Pennsylvania to Acquire Ludington, Mich.’s ProAct Services Corp.

Evoqua Water Technologies Corp., a provider of water treatment solutions in Pennsylvania, Wednesday announced one of its wholly-owned subsidiaries has signed a definitive agreement to acquire ProAct Services Corp., a Ludington, Mich.-based provider of on-site treatment services of contaminated water in all 50 states from the private equity firm Hammond, Kennedy, Whitney, and Co. Inc. and members of management for $132 million.

Detroit-based Huron Capital’s Drake Automotive Group Acquires California’s DV8 Offroad

Detroit’s Huron Capital, a lower-to-middle-market private equity firm, Tuesday announced its aftermarket car accessories and restoration parts platform, Drake Automotive Group, has acquired Riverside, California-based DV8 Offroad, a designer and distributor of off-road accessories and wheels.

McLaren Automotive to Add Region’s First Retailer in Troy’s Suburban Collection

McLaren Automotive, a British luxury sports cars and supercars company, has announced a new retailer in Troy. McLaren Troy is the first and only retailer in the region to provide McLaren sales and service operations and the latest addition to The Suburban Collection of dealerships at the Troy Motor Mall.

Southfield’s P&M Corporate Finance Combines with Denver’s EKS&H Capital Advisors

P&M Corporate Finance in Southfield today announced it has combined with Denver, Colorado’s EKS&H Capital Advisors. Both companies are middle-market investment banking firms. Terms of the transaction were not disclosed.
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More »From the Magazine

Urban Renewal

Hot Lap

How do you prepare 20,000 meals over three days during the Detroit Grand Prix?

Asian Galleries

Style and Rhythm

Detroiter Wendy Hilliard was the first African-American rhythmic gymnast to compete as a member of the U.S. national team. Now her foundation is providing free and low-cost gymnastics training in Detroit.

Q&A: Chris Thomas

Chris Thomas is a co-founder of Fontinalis Partners, a venture capital firm in downtown Detroit focused exclusively on investing in technology companies that improve next-generation mobility.

Pace and Pivot

Boyne Resorts is opening up the game of golf like never before.

Forgotten Harvest 2.0

The food services agency in Oak Park is turning to technology to boost deliveries.

Sherlock “Homes”

A trio of former OnStar developers introduces a home-monitoring device.

Line of Flight

A longer runway at Cherry Capital Airport in Traverse City, new golf courses and wineries, upgraded resorts, and revamped marketing campaigns are attracting more tourism in northern Michigan.

Water Mark

A luxury condominium and mixed-use development in Detroit’s Midtown district is the first outside the city’s downtown core and riverfront.

Open Skies

SkySpecs in Ann Arbor is one of the first companies to automate drone inspections.

Freemason of Detroit

George D. Mason’s architectural practice gave form to Detroit in the early high-rise era.

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

Women in a Man’s World

Source: The Wall Street Journal

The Death and Life of Detroit

Source: The American Prospect

Matty Moroun, Detroit's Border Baron

Source: Bloomberg Businessweek

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