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Chemical Bank Secures Naming Rights to Detroit’s Cobo Center

Detroit’s Cobo Center will have a new name by the end of the year as the Detroit Regional Convention Facility Authority today announced a multi-million-dollar, 22-year naming-rights agreement with Chemical Bank, the largest bank headquartered in Michigan.

Auto-Owners Insurance in Lansing Acquires Capital Insurance Group in California

Lansing’s Auto-Owners Insurance has entered into a definitive agreement to acquire Capital Insurance Group in California. Details of the acquisition were not disclosed.

Detroit East Riverfront Framework Plan Wins AIA Award; Offers Construction Updates

The Detroit East Riverfront Framework Plan has received the 2019 American Institute of Architects Honor Award for Regional and Urban Design, which recognizes the best in urban design, regional and city planning, and community development.

Arbor Asset Management of Ann Arbor Sold to Denver’s Mercer Global Advisors

Arbor Asset Management, an Ann Arbor wealth management firm, has been acquired by Mercer Global Advisors Inc. of Denver, Colo. for undisclosed terms.

U-M Teaching Self-driving Cars to Predict Pedestrian Movement, Funded by Ford Motor Co. Grant

University of Michigan researchers in Ann Arbor are teaching self-driving cars to recognize and predict pedestrian movements with greater precision than current technologies by zeroing in on humans’ gait, body symmetry, and foot placement from data collected by vehicle sensors.

Oakland University William Beaumont School of Medicine Names Interim Dean

Dr. Duane Mezwa has been appointed interim dean of the Oakland University William Beaumont School of Medicine in Rochester Hills, effective immediately. He also serves as the chief academic officer of OUWB for William Beaumont Hospital.

Ford Testing Digital ‘Warehouse on Wheels’ Concept in London, Last Mile by Bike, Drone, or Foot Delivery

Ford Motor Co. is partnering with Gnewt by Menzies Distribution in London, England to test a digital “warehouse on wheels” concept for last-mile delivery, which has the potential to help cut traffic, reduce emissions, and improve delivery times.

BorgWarner Acquires Oregon Companies, Forms Cascadia Motion to Explore Electric, Hybrid Propulsion Solutions

Auburn Hills’ BorgWarner, a global auto supplier, has acquired Oregon’s Rinehart Motion Systems and AM Racing and merged them into a new, wholly-owned company named Cascadia Motion. The new entity will explore electric and hybrid propulsion solutions for niche and emerging applications. Terms of the transactions were not released.

Electric Bike-share Company GenZe to Join Auburn Hills’ Mahindra Automotive North America

India’s Mahindra Partners, the $1-billion incubation, private equity, and venture capital division of Mahindra Group, has announced that California-based GenZe will join Mahindra Automotive North America, which is headquartered in Auburn Hills.

Detroit’s U-D Mercy Receives $6.1M Gift for College of Business Chair

The University of Detroit Mercy has received a $6.1-million estate gift to endow a new chair in the College of Business Administration. It is the largest single gift in the institution’s history.

Ypsilanti Township’s American Center for Mobility Names President, CEO

The American Center for Mobility, a nonprofit testing, education, and product development facility for future mobility in Ypsilanti Township, has selected Michael Noblett president and CEO following a national executive search.

CDC Awards $3.5M to Ann Arbor’s National Kidney Foundation to Remove Health Barriers in Wayne County

The National Kidney Foundation of Michigan, based in Ann Arbor, has received an award of nearly $3.5 million from the Centers for Disease Control and Prevention to be used over five years. The money will fund a program designed to remove barriers to health improvement.

Rockbridge Growth Equity in Detroit Closes on $355M in New Capital Investments

Rockbridge Growth Equity, a Detroit‐based private equity firm, has completed a $355-million transaction in which a consortium of blue‐chip institutional investors agreed to acquire an interest in four Rockbridge companies as well as seed new platform investments.

MSU in East Lansing Completes Fundraising Campaign That Brought in $1.8B

Michigan State University in East Lansing completed its Empower Extraordinary fundraising campaign on Dec. 31. The effort, which was launched in October 2014, generated more than $1.8 billion ($1,834,145,673).

Dearborn’s Ford Invests $1B in Chicago Plants, Creates 500 Jobs

Ford Motor Co. in Dearborn plans to invest $1 billion in its Chicago Assembly and Stamping plants, adding 500 jobs as it prepares to launch the Ford Explorer, Lincoln Aviator, and Police Interceptor SUVs.

Plex Study: A Third of Manufacturers Using Industrial Internet of Things

The Industrial Internet of Things is quickly gaining popularity among manufacturers, with a third planning to leverage connected devices, sensors, and machinery within the next five years, according to the results of the fourth annual State of Manufacturing Technology survey conducted by Plex Systems, a Troy-based provider of cloud-based manufacturing services.

2020 GMC Acadia Features New Styling, Engine Options, Interior Technology

GMC says its 2020 Acadia, which will be available in dealerships this fall and is being built at General Motors Co.’s Spring Hill, Tenn. assembly plant, will offer fresh exterior styling and smarter technologies both under the hood and inside the cabin.

U-M Natural History Museum in Ann Arbor Reopens April 14 Following Move, Expansion

The University of Michigan Museum of Natural History in Ann Arbor will re-open in the Biological Sciences Building on April 14. As part of the move to a larger space, the museum will offer new exhibits and a learning facility, as well as displays and specimens from the previous location.
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From Our Partners

3 Types of Cloud Computing and How to Know What’s Right for Your Business

By now, cloud computing is a term that has made its way into everyday business IT discussions. An appropriate cloud computing strategy that fits your day-to-day operations, as well as long-term usability, can be an essential component of business success.
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More »From the Magazine

Less is More

A chef pares the menu to boost the bottom line.

Flash Wash

How an automotive photographer used the concept of a car wash to produce rapid images of cars and trucks.

Virtual Care

The telemedicine trend.

Death of a Tradition

After selling Gas Station TV in Detroit, Mark Alhermizi used his technical skills to transform how people share the news and memories of a deceased loved one.

Sprocket City

The first American ‘superbike’ came from Detroit; today, few motorcycles are more collectible.

Heart at Work

Tech entrepreneur Angel Gambino helped Ford Motor Co. establish its upcoming R&D mobility campus in Corktown, but she didn’t stop there.

Food Smart

It's a Duesy

Gilmore Car Museum expects new Duesenberg exhibit to attract more visitors to Hickory Corner

Big Three Executives: General Motors Co. 2019

In the third quarter of 2018, GM posted a profit of $2.5 billion, compared to a loss of $3 billion during the same period in 2017, which was due to the sale of Opel/Vauxhall in Europe. Sales of all-new full-size trucks are credited with this year’s gains.

Big Three Executives: Ford Motor Co. 2019

Revenue was up 3 percent in the third-quarter compared to the same period in 2017, but overall profits were down $600 million due to challenges in China. Profits from North American operations are up 8.8 percent due to strong demand for trucks and SUVs.

Big Three Executives: FCA 2019

FCA’s third-quarter profits were $640 million, down from $1.1 billion in 2017. The decline was largely due to an estimated $794-million charge stemming from diesel engine software issues. North American sales continue to bolster the company balance sheet, where the automaker had a 12.9 percent market share.

Auto Show 2.0

Auto shows worldwide are struggling to stay relevant in an era of fewer new models and rising display costs. Can the Detroit auto show survive?

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

Matty Moroun, Detroit's Border Baron

Source: Bloomberg Businessweek

Women in a Man’s World

Source: The Wall Street Journal

Obama Pushes False GM Success Story

Source: Investors Business Daily

The Death and Life of Detroit

Source: The American Prospect

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Detroit 500

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