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Tom Beaman

Lost in Space

Lost in Space

Two entrepreneurs, Sebastian S. Kresge and Richard W. Sears, each established storefronts and built them into the twin titans of retail during the last century. But today the merchants represent a sliver of their...
carlos tavares and mike manley shake hands on stage

Big Three Auto Executives 2021: Stellantis

Carlos Tavares CEO Tavares was appointed the first CEO and executive director of Stellantis in January 2021. Previously, he served as chairman of the managing board of Groupe PSA. A native of Portugal, Tavares graduated from...
Dream Team - Bill Ford, executive chairman of Ford Motor Co., and President Joe Biden with the all-new, all-electric Ford F-150 Lightning. // Photo by Sam VarnHagen.

Big Three Auto Executives 2021: Ford Motor Co.

William Clay Ford Jr. Executive Chairman, Chairman of the Board of Directors Ford has been a member of the company’s board of directors since 1988 and has been chairman since Jan. 1, 1999. He also serves as...
Mary Barra headshot

Big Three Auto Executives 2021: General Motors Co.

Mary T. Barra Chairman and CEO Barra became the first female chief executive to lead a major automaker when she was named CEO in January 2014. She was elected chairman of the GM Board of Directors...
Amazon Detroit Fulfillment Center rendering

Land of Opportunity

Can a red-hot industrial market in the region, driven by nearly unsatiable demand for mobility, e-commerce, and R&D facilities, finally bring about a renaissance in Detroit?
Dairy cows at Michigan State University

Down on the Farm

Michigan has one of the largest dairy markets in the country, but farmers are struggling with an oversupply of milk due to a lack of processing capacity in the state. With new facilities coming online in the next three years, can they hang on?

Big Three Executives: FCA 2019

FCA’s third-quarter profits were $640 million, down from $1.1 billion in 2017. The decline was largely due to an estimated $794-million charge stemming from diesel engine software issues. North American sales continue to bolster the company balance sheet, where the automaker had a 12.9 percent market share.

Big Three Executives: General Motors Co. 2019

In the third quarter of 2018, GM posted a profit of $2.5 billion, compared to a loss of $3 billion during the same period in 2017, which was due to the sale of Opel/Vauxhall in Europe. Sales of all-new full-size trucks are credited with this year’s gains.

Big Three Executives: Ford Motor Co. 2019

Revenue was up 3 percent in the third-quarter compared to the same period in 2017, but overall profits were down $600 million due to challenges in China. Profits from North American operations are up 8.8 percent due to strong demand for trucks and SUVs.