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Auto Parts Manufacturer Faurecia Acquires Amminex to Accelerate Nitrogen Oxide Reduction for Vehicles
Auburn Hills-based automotive manufacturer Faurecia has purchased a 91.5 percent stake in Danish company Amminex Emissions Technology.
Detroit-based IT and business services organization Strategic Staffing Solutions will expand its presence at the Chevrolet Detroit Belle Isle Grand Prix next June. The company has announced that it will sponsor the “Green Hiring Machine” that will compete in the Stadium Super Truck Series races with an accomplished local driver.
Five business expansions and one community revitalization project received approval Wednesday from the Michigan Strategic Fund.
A Detroit development team, along with New York City-based JPMorgan Chase and Arlington, Va.-based Capital Impact Partners, today announced the completion of a $1.4-million renovation of the Garland Building in Detroit’s West Village neighborhood.
Providence, R.I.-based Citizens Bank will lend a $22.5 million credit facility to countertop supplier Clio Holdings. The Birmingham-based company will use the funds for acquisitions and working capital.
Detroit-based driving service DriverOnCall is expanding its market from the greater Lansing area to include metro Detroit, Ann Arbor, and Grand Rapids.
Southfield-based phone and Internet provider, 123Net, has added a new fixed wireless tower on 23 Mile Rd. between Romeo Plank and Hayes in Shelby Township. The new installment will provide greater capability and bandwidth to area businesses that rely on 123Net for their connectivity.
New Orleans-based Entergy Co. and Jackson-based Consumers Energy will terminate the power purchase agreement for the Palisades Power Plant in Covert Township in 2018. The contract is expected to result in $344 million in savings, $172 million of which is expected to lower Consumers Energy customers’ costs over the early termination period from 2018 to 2022.
The Michigan State University College of Engineering has received a $12.7 million grant, its largest individual gift in the history of the college.