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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.

Grand Rapids-based Assembler Burke Porter Group Invests in California-based Grabit Inc.

Grand Rapids-based Burke Porter Group (BPG), a global supplier of intelligent testing, instrumentation, and assembly systems and solutions, announced Tuesday a capital investment in California-based Grabit Inc., an intelligent automation systems provider to the soft goods manufacturing and warehouse logistics industries. Terms of the agreement were not disclosed.

Free IT Training Coming to Detroit Through the City’s Tech Companies

ExperienceIT, a nonprofit partnership of leading downtown Detroit technology companies, has announced that its fall 2018 cohort will kick off on Sept. 13. The 10-week program provides free IT training for active job openings in software development and quality assurance.

Researchers at Detroit’s Wayne State Study Brain Chemistry to Detect Signs of Alzheimer’s

Researchers at Detroit-based Wayne State University are working to give clinicians tools for identifying early signs of Alzheimer’s by studying subtle deviations in the way the brain modulates its chemistry during the formation of new memories.

Ford to Develop Mobility and Innovation Campus in Detroit’s Corktown, Anchored by Michigan Central Depot

Citing the fourth transformative development in the company’s 115-year-old existence, Bill Ford, executive chairman of Ford Motor Co. in Dearborn, today announced that the automaker’s renovation of the historic Michigan Central Depot and surrounding property in Detroit’s Corktown district would make it the global leader in mobility and innovation.

Amazon to Open Fourth Michigan Fulfillment Center South of Grand Rapids in Gaines Twp.

Seattle’s Amazon today announced plans to open a new fulfillment center south of Grand Rapids in Gaines Township, creating more than 1,000 full-time jobs.

Farmington Hills’ Macprofessionals Inc. Acquired by Konica Minolta in New Jersey

Macprofessionals Inc. in Farmington Hills has been acquired by New Jersey technology company Konica Minolta Business Solutions U.S.A. Inc. The Macprofessionals team will become a strategic entity of All Covered, the IT services division of Konica Minolta. Terms of the transaction were not disclosed.

Canadian Auto Dealership Advisers Open U.S. Office in Grosse Pointe, Looks to Move to Detroit

Dealer Solutions North America, a Canadian company that specializes in advising on and providing strategies for buying and selling automotive dealerships, Monday announced its expansion into the U.S. with the opening of an office in Grosse Pointe. As the company grows, the team is looking to move to Detroit.

Troy-based Automation Alley’s Trade Mission Program Reaches $1B in Total Export Sales Made by Michigan Companies

Automation Alley, a technology and manufacturing business association in Troy, Monday announced the total amount of export sales made by Michigan companies as a result of participation in its trade mission program and other trade-related activities has reached $1 billion.

PVS Chemicals in Detroit Makes Two Leadership Changes

As part of a planned succession transition, the board of directors of PVS Chemicals in Detroit voted to make two leadership changes. Effective July 1, Jim M. Nicholson will move from president and CEO to co-chairman of the board. He will serve alongside James B. Nicholson, who will continue his role as co-chair. David A. Nicholson will take on the role of president and CEO after serving as group CEO for PVS manufacturing assets.

Metro Detroit Homes Prices Climb 8.2% in May, Sales and Listings Decline

The median sales price for homes sold in metro Detroit rose 8.2 percent to $215,975 in May, as compared to $203,213 in April and $199,588 in May 2017, according to a report released today by Re/Max of Southeastern Michigan in Troy.

FCA in Auburn Hills Unveils 2019 Dodge Durango Pursuit

Fiat Chrysler Automobiles in Auburn Hills Friday debuted its 2019 Dodge Durango Pursuit for public safety officials. The vehicle has improved brake performance and durability, as well as performance-tuned, load-leveling suspension.

General Motors Offers First Responders Special Pricing for Chevrolet, Buick, GMC, and OnStar

General Motors Co. in Detroit is offering a special pricing plan to first responders on Chevrolet, Buick, and GMC cars, as well as OnStar products.
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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

Obama Pushes False GM Success Story

Source: Investors Business Daily

The Death and Life of Detroit

Source: The American Prospect

Women in a Man’s World

Source: The Wall Street Journal

Matty Moroun, Detroit's Border Baron

Source: Bloomberg Businessweek

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