More Michigan and Israeli high-tech companies are integrating their operations to drive new mobility platforms. A greater influx, still to come, will support the auto industry in formerly unimagined ways.
Newmark Knight Frank, a full-service real estate firm with offices in Farmington Hills, has released its fourth quarter 2018 office and industrial trends data reports for metro Detroit. According to the report, the region’s office market vacancy rate fell 20 basis points to 15.3 percent during the fourth quarter of 2018, as just over 353,000 square feet was absorbed.
Detroit’s Midtown district will see the conversion of a historic residential building, The Sherbrooke at the southwest corner of Second Avenue and Hancock Street, into 14 condominiums, according to Friedman Urban. Quinn Evans is the architectural firm overseeing the renovation.
“From Camelot to Kent State: Pop Art, 1960–1975,” a new Detroit Institute of Arts exhibition running from Feb. 17–Aug. 25, 2019, will examine the turbulent 1960s and 1970s, and provide insight into the times for those born later.
The Wayne County Airport Authority Board of Directors has confirmed Chad Newton as CEO of the Wayne County Airport Authority, which operates Detroit Metro and Willow Run airports, with an initial three-year contract.
Two Auburn Hills-based companies are pushing the technological envelope by offering Continental’s industry-first, liquid-cooled, 48-volt Eco Drive that contributes to the performance and fuel efficiency of the all-new Jeep Wrangler’s eTorque mild-hybrid technology.
KPMG, an international accounting and auditing firm with a large practice in downtown Detroit, released a study this week during the North American International Auto Show at Cobo Center in downtown Detroit that details expectations for the global autonomous transformation in the retail, automobile, and transportation industries.
ASX in Detroit, which is developing a hybrid electric VTOL Air-Taxi that will free commuters and business travelers from congestion on the road and in the air, today announced it is teaming with VerdeGo Aero in Daytona Beach to apply VerdeGo’s IDEP (Integrated Distributed Electric Propulsion) systems to future versions of ASX MOBi-One aircraft.
Carhartt in Dearborn, which has been providing workwear since 1889, today announced the launch of its Carhartt Company Gear that offers businesses a new line of rugged and durable products. In addition, various trades and business sectors will have access to the retailer’s new “Rugged Professional Series” that offers uniformed associates a sharp and professional appearance.
Stoneridge Inc., a Novi-based supplier of electrical and electronic components for the commercial vehicle and automotive industry, says it has formed a strategic partnership with Velociti Inc. of Missouri to install the Stoneridge MirrorEye camera monitor system on commercial fleet vehicles.
Allegiant Travel Co. announced on Tuesday that it plans to establish a two-aircraft base of operations at Gerald R. Ford International Airport in Grand Rapids in June, a move the airline expects to create at least 66 new jobs.
Ford Motor Co. continued its push to the future at the North American International Auto Show. Today, the Dearborn-based automaker revealed the first digitally manufactured polymer parts resulting from its partnership with Carbon, a Silicon Valley-based digital manufacturing company.
Following a record-breaking year of mortgage loan production in 2018, United Shore in Pontiac today announced plans to hire more than 800 people this year. The company is the No. 1 wholesale lender and a Top-3 overall mortgage lender in America.
XLerate Group, the nationwide auction and remarketing facilitation platform of Huron Capital, a lower-middle-market private equity firm in downtown Detroit, on Monday acquired two entities, Southeastern Auto Auction and Morton Auto Auction. Terms of the transactions were not disclosed.
Foster Financial Company Inc., a real estate investment company in Grosse Pointe, today announced it has acquired Lahser Center, a 175,000-square-foot office complex in Southfield located at 26200/26400 Lahser Rd. Terms of the deal were not disclosed.
Wayne State University and Microsoft Corp. today embarked on a partnership to improve employability in Detroit. The pilot program is designed to foster job-ready, employable talent for high-demand technical positions such as cloud computing, data analytics, cybersecurity, AI, engineering, and more.
New battery-electric platforms, along with the promise of solid-state technology, are powering the emerging autonomous vehicle industry, but reaching a critical mass will have to wait for the next energy crisis.