Grace Turner
Rocket Cos. Reports 1Q Net Income of $2.8B, Invests in Detroit Housing Partnership
Detroit’s Rocket Cos., a holding company consisting of real estate, mortgage, and eCommerce businesses, announced its first quarter results, highlighting its highest-ever purchase application volume, success in its Rocket Auto division, and high closing...
Lineage Logistics Enters Spanish Market Through Acquisition
Novi-based Lineage Logistics, the world’s largest temperature-controlled industrial real estate investment trust and logistics solutions provider, has acquired Frigorificos de Navarra, an operator of refrigerated warehousing and storage facilities based in Spain. Terms of...
Ford Unveils Explorer Timberline SUV, Partners with DTE to Build Solar Array on Parking...
Dearborn’s Ford Motor Co. has introduced its Explorer Timberline SUV, designed with off-road features. The vehicle comes as SUVs and off-roading have grown in popularity. Ordering is available now, and the vehicle will arrive...
GM Reports 1Q Revenue of $32.5B
Detroit’s General Motors Co. reported first-quarter 2021 revenue of $32.5 billion, down slightly year-over-year from $32.7 billion in 2020. The company’s earnings were driven by strong price and mix performance in North America, strong...
Everybody Now
Five metro Detroit companies are making strides in their ongoing journeys toward equality, diversity, and inclusion in their workplaces, communities, and the world. The enterprises say their efforts improve recruitment and retention, keep clients and partners engaged, bolster their reputations, support the regions they serve and, ultimately, boost their bottom lines.
Argo AI Improves Lidar, Moves Company Closer to Autonomous Delivery, Ride Hailing
Argo AI, a Pittsburgh-based autonomous driving technology company in partnership with Dearborn’s Ford Motor Co., has introduced Argo Lidar, which will allow the Argo Self-Driving System to have 360-degree awareness of surrounding objects day...
Ford Opens Website for E-Transit Information, Order Notification
Ford Motor Co. in Dearborn has opened a website for customers to learn more about the new E-Transit, the company’s first full-size all-electric van. Order banks for the van will open in July, and...
RHP Properties in Farmington Hills Completes $184M Acquisition of 29 Manufactured Home Communities
Farmington Hills’ RHP Properties, an owner and operator of residential real estate developments, has acquired 29 manufactured home communities in Illinois, Indiana, and Michigan.The communities contain more than 4,200 sites, and the purchase price...
General Motors Outlines Environmental Goals in 11th Sustainability Report
Detroit’s General Motors Co. has outlined new environmental sustainability goals in its 11th annual Sustainability Report, released Friday. The report also provides an overview of the company’s environmental, social, and governance performance in 2020.The...
Michigan Restaurant and Lodging Association Releases American Rescue Plan Act Proposals
The Lansing-based Michigan Restaurant and Lodging Association has released public policy proposals to address how the American Rescue Plan Act funds Michigan received for hospitality industry relief efforts could be most effectively used.The act...