Southfield-based Denso Invests $190M, Adds 320 Jobs At Tennessee Manufacturing Plant
Southfield-based Denso, one of the world's largest automotive technology, systems, and components suppliers, is expanding its operations in North America through a $190 million investment in its Athens, Tenn. facility. The investment will add four new production lines and 320 jobs.
Ideal Contracting in Southwest Detroit Becomes Standalone Minority Business Enterprise, Acquires Barton Malow’s Interest
After 20 years of partnership, Frank Venegas, Jr., CEO of The Ideal Group in southwest Detroit, and Ryan Maibach, president and CEO of Barton Malow in Southfield, announced that Venegas is buying out Barton Malow's interest in Detroit-based Ideal Contracting, fulfilling the vision of its founding members. Terms of the deal were not disclosed.
Ford, General Motors, and Fiat Chrysler All See Sales Dips in February
Maybe February was just a slow month in 2018, or, maybe it was unusually hot for car makers in 2017, regardless, this year, the Big Three all saw sales dips compared to 12 months ago.
Birmingham’s Broder and Sachse Real Estate To Relocate To Detroit
Broder and Sachse Real Estate Inc. in Birmingham today announced it will relocate to the Arts League Building at 1528 Woodward Ave. in downtown Detroit. The staff is expected to be fully operational in the Detroit office by March 5.
Pennsylvania’s Galley Group To Open Project For Up-And-Coming Chefs In Detroit’s Federal Reserve Building
Detroit's Bedrock today announced Galley Group Inc., the company behind Pittsburgh's food hall and restaurant incubator Smallman Galley, will open a location in Detroit's Federal Reserve Building at 160 W. Fort St. It will be the company's fourth location and is slated to open fall 2018.
Huron Capital in Detroit Partners on Expanding Sales of Roadway Safety and High Security...
Detroit-based Huron Capital's non-control Flex Equity Group today announced it has partnered with independent sponsor Empeiria Capital and the Minneapolis-based Pohlad family, owners of the Minnesota Twins, in a joint investment in B&B Roadway Security Solutions.
U-M and Baxter Announce Licensing Agreement For Reconstructive Surgery Technology
The University of Michigan and Baxter have announced the signing of a licensing agreement for the expected global marketing and distribution of the arterial everter, a surgical device that could make it quicker and easier to connect arteries in complicated procedures. Financial terms of the agreement were not disclosed.
Title Source, Part of Quicken Loans Family of Companies in Detroit, Changes Name to...
After more than 20 years of operation, the nation's largest independent provider of title insurance, property valuations, and closing services today announced it has changed its name to Amrock Inc. from Title Source Inc. The company is part of the Quicken Loans Inc. family of companies in Detroit.
Bright Ideas in Downtown Royal Oak Acquires Haberman Fabrics Building, Will Move This Year
Bright Ideas, a furniture and home furnishings retailer in downtown Royal Oak, will move several blocks south to the former Haberman Fabrics Building located at 905 South Main Street, just south of Lincoln Avenue, in the coming months.
Icahn Automotive Acquires Four Vehicle Service Centers in Metro Detroit, Convert to Pep Boys
Icahn Automotive Group, a division of Icahn Enterprises in New York City, today announced it has acquired four independently-owned service center locations in metro Detroit, including Belanger Tire and Auto Service in Westland, Novi Motive Goodyear in Novi, and Fix N Go Auto Centers in Troy and Oxford. The locations will convert to Pep Boys Service and Tire Centers.
