As more Americans approach their twilight years, a new, less invasive procedure for repairing faulty heart valves, called TAVR, offers patients a new lease on life. The only challenge is high costs limit its profitability.
By Candace Stuart // Photographs by C.J. Benninger
Work began today on a $20-million renovation project of the Flagstar Strand Theatre for the Performing Arts in Pontiac, which will include restoring the theater, along with adding a Slows Bar-BQ restaurant at the facility and an event space. The theater, acquired by Brent and Kyle Westberg, is expected to reopen in the fall.
Bloomfield Township-based Penske Automotive Group and its Dallas-based Premier Truck Group have completed the acquisition of Harper Truck Centres, a commercial truck dealership in Ontario, Canada. Harper sells trucks by Western Star, Thomas Built Bus, Fuso, and Daimler Trucks North America (formerly Freightliner).
The Novi-based Tier 1 automotive supplier Danlaw Inc. has acquired Rapita Systems, a provider of real-time verification solutions for aerospace and automotive embedded systems. Terms of the deal were not disclosed.
Live Another Day, a new documentary film on the bailout of the U.S. automotive industry, is set to premiere next week at the 2016 Myrtle Beach International Film Festival, and will be distributed to theaters in September.
At the SAE World Congress in Detroit Wednesday, Van Buren Township-based Visteon Corp., a Tier 1 automotive supplier, will present new concepts on how to make a vehicle’s instrument cluster blend better with the rest of the interior.
As Ford Motor Co. works to develop a fully autonomous vehicle, its Ford Fusion autonomous research vehicle has reached an important milestone — driving at night with no headlights on, using only the car’s virtual driver software.
The number of venture capital firms headquartered in Michigan, their total capital under management, and the number of venture capital investments made in Michigan has doubled over the past five years, says a report released today by the Michigan Venture Capital Association.