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Key Safety Systems to Acquire Takata Corp. for $1.6B

Sterling Heights-based mobility safety developer Key Safety Systems (KSS) today announced a definitive agreement to acquire substantially all of Tokyo-based seat belt and airbag supplier Takata Corp. for an aggregate purchase price of $1.6 billion. 

University of Detroit Mercy to Lower Tuition Costs

The University of Detroit Mercy (UDM) has announced that it will lower its tuition rate to make the university more accessible to students beginning in the fall of 2018. The reset undergraduate tuition price, named Assure Your Boundless Future Tuition Reset, will drop from $41,158 to $28,000.

Michigan Department of Natural Resources to Auction 80 Parcels of Public Land

The Michigan Department of Natural Resources (DNR) has announced a public auction of  surplus land in northern Michigan and the Upper Peninsula from Dec. 12-Jan. 10.

Michigan Executives Chosen for FIRST Robotics World Championships in Detroit Steering Committee

Consumers Energy CEO Patti Poppe will join Gail Alpert, president of FIRST Robotics in Michigan, and Roger Curtis, director of the Michigan Department of Talent and Economic Development, to lead the steering committee for the FIRST Robotics World Championship in Detroit. 

Lincoln Debuts 2019 MKC With Increased Connectivity

The 2019 Lincoln MKC features an updated new design and driver-focused technologies to attract more luxury SUV buyers as well as automatic emergency braking and pedestrian collision avoidance.

Bedrock, Shinola Launch Shinola Hotel Website

As demand for hotel rooms continues to grow throughout metro Detroit, Bedrock and Shinola today announced the website for the Shinola Hotel is live. Slated to open in late 2018, the Shinola Hotel is expected to attract global travelers to Detroit and serve as a “living room” where local visitors can mingle and enjoy food and beverage offerings.

Google Signs Lease on Office Space Adjacent toLittle Caesars Arena in Detroit

Google has signed a lease for new office space adjacent to Little Caesars Arena in Detroit. Located at 52 East Henry St., the 29,178 square foot facility will house more than 100 media sales and technical support employees by spring 2018.  

Report: Southeastern Michigan Home Sales, Prices Increase in October

Instead of the predicted fall slowdown, Re/Max of Southeastern Michigan’s October housing report indicates home sales have increased 5.3 percent year-over-year to a total of 4,650 last month, and median sales prices have increased 8 percent to $201,125.

Ford Creates Plug-In Hybrid Vehicle for Police, Government Customers

After debuting a pursuit-rated hybrid plug-in police vehicle earlier this year, Ford Motor Co. today announced a plug-in vehicle designed for police and fire chiefs, detectives, and government personnel who don’t require a pursuit-rated vehicle.

Lightweight Vehicle Frame From Michigan Makes Successful Debut at SEMA Show

The Michigan Manufacturing Technology Center in Plymouth Township has designed a lightweight aftermarket car frame, along with body prototypes, that was displayed at the recent SEMA Show in Las Vegas.

Penske Truck Leasing Launches App with Electronic Logs for Rental Vehicles

Penske Truck Leasing, a division of Bloomfield Township-based Penske Corp., today announced the company’s first fully integrated custom application that provides truck drivers with Hours of Service (HOS) functionality to meet a federal electronic logging device (ELD) mandate.

Allstate Expansion to Bring 80 Jobs to Detroit

Allstate Insurance Co. has announced a search to hire 80 sales professionals in metro Detroit, including 20 agency owners and 60 sales professionals for small business owners.

Sterling Bancorp Announces Pricing of Initial Public Offering of Common Stock

Southfield-based Sterling Bancorp. Inc. today announced the pricing of its initial public offering of 15 million shares of its common stock at a public offering price of $12 per share. Sterling is offering 7,692,308 shares and the selling shareholders are offering 7,307,692 shares of Sterling’s common stock. Shares are expected to begin trading on the NASDAQ Capital Market today under the symbol SBT.

Gov. Snyder Appoints Elizabeth Clement to Michigan Supreme Court

Michigan Gov. Rick Snyder today announced the appointment of Elizabeth Clement, a legal expert who served as the administration’s chief legal counsel, to the Michigan Supreme Court. Travis W. Weber will replace Clement as Gov. Snyder’s chief legal counsel, and Frederick Headen will join the office as senior legal counsel.

Detroit Arena View Properties Launches Collection of Themed Overnight Rooms

Finding opportunity in Detroit’s growing sports and entertainment markets, Detroit Arena View Properties has launched a collection of themed overnight rental properties that target business travelers, tourists, and visitors.
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More »From the Magazine

Double Duty

Bonner C. Upshaw III was a professional on the hardwood; now he's in the corporate suite.

Touchdown

Former University of Michigan football trainer, Mike Barwis, uses his knowledge to help athletes prevent and overcome injuries

PDA Q&A: Michael Angelo Caruso, E-Interview

Interview with owner of Edison House in Royal Oak.

Virtual Studio

Clawson's Deep Canvas is using virtual reality to create product prototypes.

Nurture And Renew

If Southwest Solutions, a multifaceted human services agency in Detroit, did nothing else but renovate affordable homes and sell them to lower-income residents, homeless people, or veterans, it would fail.

Tech Forward

Oakland University cited nationally for developing talent for self-driving vehicle industry.

Honor And Legacy

How a pizza chain inspired a marque restaurant at Little Caesars Arena in Detroit.

Tale of Two Cities

Rebuilding urban districts lining Michigan Avenue — Corktown in Detroit and the two downtown areas of Dearborn — follow a similar formula: Get land control, find strong developers, reduce red tape, and rebuild.

Pomp and Pageantry

The 2017 Concours d'Elegance celebrated custom coach builders in America and Europe.

Digital Divide

Consumers may prefer to have the latest technology in their new vehicles, but all the added hardware and software can be confusing out on the road.

Design Studio

Toll Brothers, a residential building outfit in metro Detroit, is using a 5,000- square-foot design studio to show off all of the different options they can build with.

Express Payment

A novel kiosk payment system launched in Detroit expands its offerings.

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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