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Ford Announces $1.7B Net Income in First Quarter, Plans To Phase Out Sedans

On the surface, Ford’s announcement of $1.7B in net profit for 2018’s first quarter seemed like a boon for the Dearborn-based automaker.

Report: Job Growth in Oakland County Projected to Grow 1.9% Annually Over Next Three Years

Oakland County's job growth was moderate in 2017, but the slow down appears to represent a "temporary hiccup" before it picks up to a more robust pace similar to 2015 and 2016, according to a report released today by two economists at the University of Michigan in Ann Arbor.

Detroit’s Wolverine Packing, Indiana-based Tippmann Innovation, Break Ground on Meat Processing Plant in Detroit’s Eastern Market

Tippmann Innovation (Ti), headquartered in Indiana, has worked with Wolverine Packing to break ground on a meat processing plant in Detroit’s Eastern Market. This is Wolverine’s fifth meat processing plant. The 180,000 square-foot facility is expected to create about 150 new jobs.

McLaren Macomb in Mount Clemens Breaks Ground on $68M Emergency Center

McLaren Macomb in Mount Clemens has broken ground on the Wayne and Joan Webber Emergency and Trauma Center. The $68-million project is the first phase of a larger project that will culminate in a new six-story Northwest Tower.

Detroit Design Firm PEA Inc. Relocates to a Larger Office in Capitol Park

PEA Inc., a multi-disciplined site development design firm with offices in southeast Michigan, has relocated its downtown Detroit office to a larger facility to accommodate its growing staff. The office, which overlooks Capitol Park at Bedrock’s 45 West Grand River building, opened for business following renovations.

Grand Rapids’ Burke Porter Group Acquires Belgian Company

Burke Porter Group (BPG), a manufacturer of intelligent machines in Grand Rapids, today announced it has completed the acquisition of Van Hoecke Automation (VHA), a Belgium-based global supplier of production automation and product manipulation and control in the food processing and automotive industries. Terms of the transaction were not disclosed.

Report: Michigan Businesses Received More Than $41M from Angel Investors in 2017

In 2017, angels invested more than $41 million in 70 Michigan companies, according to a report released Tuesday by the Michigan Angel Community, a new statewide initiative managed by Spark in Ann Arbor. The company recently completed its first annual research report.

Detroit’s Holiday Inn Express and Suites Slated to Become Boutique Hotel with Acquisition by New York-based Company

Downtown Detroit’s Holiday Inn Express and Suites has been acquired by Glenmont Capital Management, a New York-based real estate investment firm, Glenmont announced today. The property will undergo a $10 million renovation and be rebranded to an upscale boutique Hotel Indigo.

IPS Realty in Grosse Pointe Park Partners with New York Investor to Renovate Residential Property in Detroit

IPS Realty in Grosse Pointe Park today announced it has partnered with Icarus Investment Group in New York to acquire and renovate residential property in Detroit.

Bedrock and Quicken Loans Commit $1M to the City’s $9M Plan to Revitalize Breithaupt School

Detroit Mayor Mike Duggan, Nikolai Vitti, superintendent of Detroit Public Schools Community District, and officials from Quicken Loans and Bedrock today announced a $1 million investment in the Breithaupt Career and Technical School.

Spider Silk Company Kraig Biocraft in Ann Arbor to Establish Subsidiary in Vietnam

Kraig Biocraft Laboratories Inc., an Ann Arbor developer of genetically engineered spider silk-based fiber technologies, today announced it has received an investment registration certificate for the establishment of its new Vietnamese subsidiary, Prodigy Textiles Co. Ltd.

Wayne Landfill Receives EPA Approval for Biogas to Renewable Natural Gas Facility Operations

Massachusetts’ Ameresco Inc., an energy efficiency and renewable energy company, today announced the landfill gas to renewable natural gas facility at Waste Management’s Woodland Meadows Landfill in Wayne has achieved EPA approval and is now in operation.

Detroit’s GM Partners with Amazon to Offer In-Vehicle Package Delivery Via Key App

Owners of more than 7 million eligible Chevrolet, Buick, GMC, and Cadillac vehicles in the United States can now have Amazon packages delivered inside of their vehicles, General Motors Co. announced today.

Birmingham-based MadDog Ventures Closes $26.7M Venture Capital Fund

MadDog Ventures, based in downtown Birmingham, today announced the successful closing of its first venture capital fund, Mad Dog Venture Fund I, L.P.

Henry Ford Health System in Detroit Taps Robotic Technology Used on International Space Station

Detroit’s Henry Ford Health System is the first in the state to use robotic imaging technology for brain and spinal surgeries using the Modus V, a robotic arm developed from technology used on the International Space Station, the health care organization announced today.
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More »From the Magazine

Fantasy Relief

A local entrepreneur mounts a comeback from the 2008 global recession.

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.

Compendium News Links More »

The Outside Media Opine on the Motor City

The Death and Life of Detroit

Source: The American Prospect

Fiat Tries Again in the U.S.

Source: Bloomberg Businessweek

Luxury Pickups Stray off The Ranch

Source: The Wall Street Journal

Whole Foods' Detroit Gamble

Source: WallStreetJournal.com

Reinventing Lincoln

Source: Bloomberg Businessweek

Chrysler's Chief Marketer

Source: Bloomberg Businessweek

Detroit Valentine

Source: The New Yorker

She Drive A Cadillac?

Source: Fast Company

So Cheap, There’s Hope

Source: The Economist

One House at a Time

Source: MetropolisMag.com

Sysco's New System

Source: Fast Company

Art Motors On

Source: W magazine

Sergio’s Star Turn

Source: Forbes

Does America Need Manufacturing?

Source: The New York Times Magazine

Detroit: City of Hope

Source: Forbes

Grumpy Old Car Guys

Source: Bloomberg Businessweek

Dodge Will Test Fiat Alliance

Source: The Wall Street Journal

Detroit Pushes Back With Young Muscles

Source: The New York Times

Rival Bid Pits Detroit vs. Donor

Source: The Wall Street Journal

Dave Bing on Fixing Detroit

Source: Bloomberg Businessweek

Technology That Breaks the Car Industry Mold

Source: The Wall Street Journal

Epiphany in Dearborn

Source: The Economist

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