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Detroit’s Fontinalis Partners Boosts Funding to Accelerate Self-Driving Taxi Service

NuTonomy, a leading developer of software for self-driving cars, has completed $16 million in funding led by Highland Capital Partners, along with Detroit-based investors Fontinalis Partners and Australia-based Signal Ventures, to accelerate the company’s plan of creating a fleet of autonomous taxis.

GM Unveils Luxury Edition of 2016 GMC Yukon

General Motors Co. today revealed the 2016 GMC Yukon SLT Premium Edition, a more luxurious version of the Yukon and Yukon XL models that feature special trim, fold flat second- and third-row seats that boost cargo capacity, and an advanced 5.3-liter V-8 engine. The special package will cost around $3,000, and will go on sale this summer.

Michigan’s First ‘Vapor Wake’ Canines Donated to Law Enforcement Agencies

Ilitch Charities and the Detroit Tigers Foundation have partnered to donate $135,000 for three “vapor wake” bomb-detecting canines to the Michigan State Police, Wayne State University Public Safety Department, and the Detroit Police Department. The dogs are the first of their kind in the state.

Frank Lloyd Wright Homes in Metro Detroit Part of Rare Tour

Known for his geometric designs and multistory architecture, three homes in metro Detroit designed by Frank Lloyd Wright, characterized by their natural materials and flat roofs, will be the focus of a tour next month organized by Lawrence Technological University. They are the only three of their kind in metro Detroit.

Novi-Based ITC Holdings Reorganizes to Improve Leadership Roles

ITC Holdings Corp., a national electric transmission company with headquarters in Novi, today announced organizational changes of the business units under its chief business unit officer, consolidate select business functions under a chief administrative officer, and improve support of the ongoing development of the management team.

U-M Research Finds Gig Economy Positively Impacts Crowd Funding Campaigns

Researchers from the University of Michigan, the University of Minnesota, and Temple University today released new findings on how ride sharing programs are affecting local labor markets, concluding that the so-called “gig economy” improves entrepreneurial activity in a crowd sourcing environment by providing more stable employment options for the unemployed and underemployed

Survey: Business Leaders Project Modest Economic Growth for Michigan, U.S.

The latest quarterly survey from the Business Leaders for Michigan forecasts modest economic growth in Michigan and the U.S. over the next six to 18 months.

Automotive Cybersecurity Summit to be Held in Detroit

Leaders in cybersecurity from across the U.S. are coming to Detroit in July to discuss safeguards the automotive industry must undertake in securing connected vehicles from cyber-attacks.

FCA Announces Leadership Changes, Reid Bigland Oversees More Nameplates

Fiat Chrysler Automobiles today announced immediate leadership changes within the company, naming Reid Bigland CEO of the Alfa Romeo and Maserati brands, and Harald Wester as chief technology officer for FCA.

GM Renaissance Center Launches Weekly Summer Event Series

The GM Renaissance Center has announced the launch of On the Plaza, a new summer program featuring 17 weeks of entertainment, activities, food trucks, and more on the GM Plaza along the Detroit River, just outside the Wintergarden.

State Employment Survey Shows High Demand for Local Graduates

There is a strong interest by Michigan employers to invest in students, as well as a high demand for graduates with technical and business-related degrees, says a survey released today by the Livonia-based American Society of Employers.

Blog: Attention Businesses: The Defend Trade Secrets Act Demands Your Attention

President Obama this month signed the Defendant Trade Secrets Act into law, creating a federal set of trade secret laws. While the future impact of the measure is debatable, the need for companies to understand the Act, and protect their trade secrets, is not.

Detroit’s Metropolitan Building to be Converted into Extended-stay Hotel

Starwood Hotels & Resorts Worldwide Inc. and two local partners will convert the historic Metropolitan Building in downtown Detroit into a 110-room Element Hotel.

GMC Adds Trailering Enhancements for 2016 Sierra Pickup

General Motors Co. today announced new available features to help simplify trailering with the 2016 GMC Sierra pickup, including a gooseneck/fifth-wheel trailering prep package and an integrated camera system.

Ann Arbor’s TITLE Boxing Club Adds New Owners

Ann Arbor-based TITLE Boxing Club International— which has grown to 150 boxing clubs from 20 locations in 2012— today announced new additions to its ownership team.
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More »From the Magazine

From the Middle East to the Motor City

More than 500,000 people of Middle Eastern descent live in metro Detroit, and, combined, they generated $36.4 billion in economic activity in 2015. While the road to self-reliance can take years due to language and cultural barriers, the influx of refugees has been a boon to the regional economy.

Buildings In Time

From jewelry to historic buildings, Roger Basmajian embraces urban redevelopment.

Safe and Secure

Many inventions that have the greatest impact on everyday life are deceptively simple. Auburn Hills-based Hydra-Zorb’s cushion clamp could be considered one of those breakthroughs.

2016 Champions of the New Economy

For the seventh straight year, Junior Achievement of Southeastern Michigan, in partnership with DBusiness magazine and News/Talk 760 WJR, selected six regional executives who are driving growth in highly competitive industries.

Capital Gain

If area banks backed loans against intellectual property, it would propel Michigan’s video game industry.

PDA Q&A: Glenn Stevens

Stacking Up

Joe H. Schodowski, president and CEO of Shelving Inc. in Auburn Hills, sums up the company’s offerings succinctly: “We rack your world,” he says.

Fiber Wars

Internet companies are racing to provide ever-faster data speeds, but there’s a much larger economic opportunity — hyper quick connectivity is a proven business-attraction tool.

Virtual Anatomy

Researchers at the University of Michigan are taking the science of anatomy into the simulated 3-D world.

Left Behind

Recent news that the Detroit Public Schools are in a financial mess, compounded by buildings that are deteriorating and poorly maintained, is no surprise. The school system has been experiencing self-inflicted duress since the 1970s.

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

Obama Pushes False GM Success Story

Source: Investors Business Daily

Matty Moroun, Detroit's Border Baron

Source: Bloomberg Businessweek

Women in a Man’s World

Source: The Wall Street Journal

The Death and Life of Detroit

Source: The American Prospect

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