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Detroit private equity firm Huron Capital says it has made a significant equity investment in Washington D.C.-based WD Lab Grown Diamonds, a producer of large, ultra-high-quality laboratory grown diamonds for the jewelry, scientific, and industrial markets.
Kalamazoo’s Ablative Solutions Lands $77M Financing for New Approach to Treating Uncontrolled Hypertension
Kalamazoo’s Ablative Solutions Inc. today closed on $77 million in Series D funding to complete clinical trials in support of U.S. and European regulatory submissions for the company’s minimally invasive renal denervation technology.
GMC is offering a new factory installed off-road performance package for its 2019 Sierra AT4 that adds 15 horsepower, and 9 ft.-lb. or torque to the standard model.
The Bosch Automotive Electronics division, based in Plymouth, will unveil what it calls a “revolutionary” smartphone app-based keyless entry system at the Consumer Electronics Show next month in Las Vegas.
Sterling Heights-based BAE Systems and General Dynamics are finalists in the U.S. Army’s selection process to produce a new light tank for its Infantry Brigade Combat Team. Each company has been awarded $376-million contracts, and each will provide 12 prototypes.
Spartan Motors Inc. of Charlotte has acquired Strobes-R-Us Inc., a Florida-based provider of upfit services for government and non-government vehicles. Financial terms of the deal were not disclosed.
Gov. Rick Snyder is taking credit for eight years of job creation during his administration capped by Wednesday’s report that Michigan’s unemployment rate in November remained at 3.9 percent.
Detroit-based Ally Financial is launching Moguls in the Making — a competition designed to increase diversity of thought in the workplace, and find the best and brightest young entrepreneurs across the country — together with Detroit native, entertainer, and entrepreneur Big Sean, and the Thurgood Marshall College Fund.
Troy’s Protean Electric Joins Multi-continental Effort to Produce In-wheel Motors for Intelligent Connected Vehicles
Troy-based Protean Electric Ltd. has joined two international companies to develop and manufacture in-wheel motors for the next generation of intelligent connected vehicles.
Jefferson East Inc., a community-based neighborhood nonprofit, and Shelborne Development say they will breathe new life into two long-vacant buildings on Marlborough Street in the Jefferson Chalmers neighborhood with a $5.4 million redevelopment project that is expected to be finished by next fall.