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With 252,644 vehicles sold in November, General Motors Co. reported a more than 10 percent increase from last year, while Ford Motor Co. sold 197,574 vehicles in November, a 5 percent increase from last year. FCA US reported sales of 160,827 units, a 14 percent decrease compared with sales in November 2015.
A new mobility services segment tied to autonomy, mobility, and connectivity products and services will be worth more than $1 trillion globally by 2030, says a new report from KPMG, a Netherland-based audit, tax, and advisory firm which operates a large practice in Detroit.
Soaring Pine Capital Real Estate and Debt Fund, an affiliate of Birmingham-based private equity firm Soaring Pine Capital, has provided a senior secured credit facility to Bloomfield Hills-based Park Street Group Realty Services.
McAlister’s Deli, an Oxford, Miss.-based fast casual restaurant chain, is seeking new partnerships with experienced multi-unit franchise owners as it continues its expansion in Michigan.
In an effort to accommodate the increasing number of engineering graduates at its institution, University of Michigan-Dearborn will construct a new, $90 million engineering lab building.
The Loft Warehouse, a Detroit-based real estate agency, will open a new, 12-unit luxury condominium complex, called The Selden, in the city’s Midtown neighborhood next summer.
Naf Naf Grill, a Naperville, Ill.-based fast casual Middle Eastern chain, will open its first Michigan location on Nov. 17 in Troy. Other locations are planned for Sterling Heights, Southfield, and West Bloomfield Township.
The Detroit Red Wings Ticket Service Department is about halfway through the process of reseating 3,500 Joe Louis Arena season ticket holder accounts at Little Caesars Arena, the $627.5-million, 20,000-seat venue that is scheduled to open at Woodward Avenue and Henry Street in The District Detroit next September.