Cauley Ferrari in West Bloomfield Township unveiled the LaFerrari hybrid sports car on Jan. 9 to a private audience. The car, priced around $1.7 million, has a top speed of 217 mph and can go from 0-60 mph in less than three seconds. Only 499 models will be built.
Southfield-based 123.Net has launched the Detroit Internet Exchange as a way to bring faster Internet speeds and lower costs. The exchange will help businesses, organizations, and individuals transfer large amounts of data.
Plymouth-based Algal Scientific Corp., a manufacturer or algae-based chemicals, today announced it has closed a $7 million funding round, bringing a total of $10 million raised by the company for research and development. Formation 8, a venture capital firm based out of San Francisco, led the investment.