Propelled by the U.S. Army’s large R&D operation in Warren, the defense, automotive, manufacturing, IT, and cybersecurity sectors are converging to develop autonomous ground and aerial vehicles, new technologies, and rapid prototyping.
The automaker posted third-quarter earnings of $2.8 billion in 2016, more than doubling its earnings during the same period last year. The company recently partnered with the ride sharing company, Lyft. GM and Lyft have plans to test a fleet of self-driving taxis on public roads next year.
After posting $2.2 billion in third-quarter earnings a year ago (the company’s best third-quarter ever), Ford came back to earth in 2016. The company saw its third-quarter earnings drop to just $1 billion. Ford will look to rebound with sales of its popular F-Series Super Duty pickup in 2017
Last year, FCA lost $421 million in the third- quarter (mostly to cover the cost of future recalls and vehicles lost in a plant explosion in China). This year, the automaker got back on track, posting a profit of $659 million in the third-quarter.
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.
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.