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Grace Turner

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Loc Performance Products in Plymouth Township to Manufacture Armored Assembly for U.S. Army

Plymouth Township’s Loc Performance Products Inc. was today awarded a contract to manufacture an armored assembly for the U.S. Army’s Multiple Launch Rocket System.

U.S. Army to Test Ann Arbor-based Kraig Biocraft’s Dragon Silk

Kraig Biocraft Laboratories Inc. in Ann Arbor today announced it has delivered ballistic shootpack panels to the U.S. Army made of the company’s Dragon Silk material. The panels will be evaluated for effectiveness in stopping bullets.

Auburn Hills’ FCA to Manufacture Power Electronics Component in Toledo for First Plug-in Hybrid...

Auburn Hills-based Fiat Chrysler Automobiles has announced it has awarded the production of the power electronics module for the Jeep Wrangler plug-in hybrid electric vehicle (PHEV) to its Toledo Machining Plant in Ohio. The vehicle is set to launch in 2020.

Report: Detroit’s Home Prices Have Second-highest Growth in U.S., Grand Rapids Homes Sell the...

Metro Detroit home prices have increased by 15 percent year-over-year in July, the second highest increase in the country, according to Redfin, a Washington-based real estate brokerage. Nationally, home prices were up 5.3 percent in July with a median price of $307,400.

Dearborn’s Ford Unveils Fastest Drag Racing Mustang

Ford Performance, a division of Dearborn’s Ford Motor Co., Thursday unveiled its 50th Anniversary Mustang Cobra Jet race car. It is the fastest drag racing Mustang ever, capable of covering one-fourth of a mile in the mid-8-second range.

Detroit’s Huron Capital, Chicago’s KCM Capital Partners, and Ohio’s Stonehenge Partners Invest in New...

Detroit’s Huron Capital, a lower-middle-market private equity firm, has partnered with Chicago’s KCM Capital Partners and Columbus, Ohio-based Stonehenge Partners in a joint investment in Atlantic Beverage Co., a national food service supplier based in New Jersey. Terms of the deal were not disclosed.

Federal Reserve Lifts Supervisory Agreement With Troy’s Flagstar Bancorp

Troy-based Flagstar Bancorp Inc. has announced that the Federal Reserve has lifted its Supervisory Agreement with the company, effective Aug. 14.

Dalton and Tomich in Detroit Welcomes Attorney Back

Detroit’s Dalton and Tomich PLC has announced attorney Lawrence Opalewski has rejoined the firm.

Big Rock Chophouse in Birmingham Announces Executive Chef, Executive Sous Chef

Birmingham’s Big Rock Chophouse has announced Eric Voigt as executive chef and Bill Morales as executive sous chef.

GroupeSTAHL North America Names CEO

Sterling Heights-based GroupeSTAHL North America, a manufacturer of garment decoration materials and equipment, has named Carleen Gray as CEO. Gray succeeds Chris Lawson, who left the company earlier this year.

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