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Ford Announces Changes In Senior Management, Raj Nair, President of North America, Leaving Company

Dearborn-based Ford Motor Co. today announced changes to its senior management team. In turn, on Wednesday it was announced Raj Nair, executive vice president and president, North America, was leaving the company effective immediately due to reports of inappropriate behavior.

California's AutoPacific Forecasts A Drop In U.S. Light Vehicle Sales

California's AutoPacific, an automotive consulting firm, forecasted 16.9 million light vehicles will be sold in the U.S. in 2018. This is down approximately 300,000 units from 2017 sales. AutoPacific officially announced its forecast today.

2018 Business Leaders Outlook Survey Shows Midwest And Manufacturing Industry Expect To Benefit From Federal Tax Cut, National Optimism At All-time High

Almost 1,700 companies across the nation completed the 2018 Business Leaders Outlook survey from JPMorgan Chase & Co., with most expressing optimism for the economy. In the Midwest, 71 percent of executives said they expect to benefit from the federal tax overhaul, which was signed into law on Dec. 22, 11 days before the survey began. The law slashed the corporate tax rate to 21 percent.

Detroit-based Shinola President Leaves Company, New President Named

Shinola in Detroit today announced the departure of Jacques Panis as president. He has been with the company since it started in 2011. Shannon Washburn, current vice president of watch development, will be the next president.

Trimble RTX Technology Plays Key Role In Detroit-based General Motors' Super Cruise

Trimble announced details today regarding Detroit-based General Motors' use of Trimble RTX technology as the GNSS/GPS correction source for vehicles equipped with GM's Super Cruise hands-free high way driving system.

Kresge Foundation in Troy Supports Reopening of Detroit's Only Campground

Detroit's only campground, Scout Hollow in Rouge Park on the far west side, will reopen this spring to create overnight group-camping opportunities for city youth. It has been closed for more than a decade.

Krytronx in Novi to Distribute $100M in Free Smart Sensors for Manufacturing Industry

Krytronx in Novi and its iToolTag platform, which wirelessly tracks sensors placed on manufacturing tools, industrial equipment, vehicles, and other components, today announced it will invest $100 million to provide free worldwide installation of its blockchain-based iOT (Internet of Things) asset tag product line.

Detroit-based Ally Ventures Invests In Georgia-based Greenlight Financial Technology

Detroit's Ally Ventures, the strategic investment arm of Ally Financial Inc., today announced it has made an investment in Greenlight Financial Technology Inc., an Atlanta-based company that offers a debit card for children, teens, and college students.

Troy-based Delphi Reports Revenue of $4.8B For 2017

Delphi Technologies, a global company with its North American headquarters in Troy, today reported its revenue for 2017.

Ann Arbor's NSF International Launches DNA Authenticated Mark For Dietary Supplement Ingredients

NSF International, based in Ann Arbor, launched the first DNA Authenticated mark to verify the identity and purity of raw ingredients in dietary supplements. A testing protocol and verification program for raw botanical ingredients used in the dietary supplement industry was also launched.

Bosch Acquires Detroit-based Ridesharing Startup SPLT

Bosch, which operates a large technical center in Farmington Hills, today announced it has acquired Splitting Fares Inc. (SPLT), a ridesharing startup in Detroit. SPLT's platform allows companies, universities, and municipal authorities to offer their workforces ridesharing services. The purchase price and details of the acquisition were not disclosed.

Dow Chemical in Midland Partners with USA Luge Team at Winter Olympics

Dow Chemical Co. in Midland, a division of DowDuPont Inc., today announced it was working with the USA Luge team and its engineers to develop advanced sleds used at the Olympic Winter Games in PyeongChang in South Korea, which runs through Sunday.

January Homes Sales in Metro Detroit Fall 3.4 Percent, Median Sales Price Rises 6.8 Percent

Home sales in January in metro Detroit fell 3.4 percent to 3,080 units, as compared to 3,187 sales in the same period last year, according to RE/MAX of Southeastern Michigan in Troy. During the same period, the median sales prices rose 6.8 percent to $186,007, from $174,219 in January 2017.

Cantoro Italian Trattoria to Open in May in Former Tre Monti Space in Troy

Cantoro Italian Market and Trattoria in Plymouth Township today announced it will open a new trattoria at 1695 E. Big Beaver Road in Troy, behind the San Marino Club in the space formerly occupied by Tre Monti. The announcement was made by Cantoro Italian Market and Trattoria owners and brothers John and Michael Fallone.

Domino's Pizza in Ann Arbor Township Reports 2017 Revenue of $2.8B, Net Income of $277.9M

Domino's Pizza Inc. in Ann Arbor Township, which last year became the largest pizza company in the world based on global retail sales, today announced 2017 fiscal revenue of $2.8 billion, up from $2.5 billion in 2016.
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More »From the Magazine

Front of the House

Combined gourmet markets and restaurants are the latest dining trend in metro Detroit.

2017 Top Restaurants in Metro Detroit

Royal Deal

Through multiple twists and turns, Royal Oak’s plan to build a new city center includes selling land it owns to a private developer for $1, and investing $5.5 million in cash for an office building it won’t have an interest in.

Double Down

The waiting game proved successful for a Birmingham investment team.

Civil Action

A historic police precinct near Eastern Market finds new life.

Peer Group

Life Directions is a nonprofit organization founded by Rev. John Phelps that helps at-risk teens and young adults.

PDA Q&A: Van Conway, E-Interview

Interview with Founder and CEO of Van Conway and Partners in Birmingham.

Giant Aspirations

How imageOne in Oak Park landed on Forbes’ list of America’s best small companies.

Rate of Return

New president of Western Michigan University has big plans for the Kalamazoo college.

Medical Crusade

Tech Billionaire Eric Lefkofsky helped launch Groupon and other digital platforms. Now he’s seeking a cure for cancer.

Opinion: The Middle Kingdom

Slowly but surely, Chinese automakers and suppliers are setting up shop in the U.S. auto market.

Joyeux Noël

Christmas shopping in Detroit was simpler in 1880 before department stores, mass merchandising, and the debut of Santa’s Grotto.

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

Matty Moroun, Detroit's Border Baron

Source: Bloomberg Businessweek

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