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Arbor Asset Management, an Ann Arbor wealth management firm, has been acquired by Mercer Global Advisors Inc. of Denver, Colo. for undisclosed terms.
University of Michigan researchers in Ann Arbor are teaching self-driving cars to recognize and predict pedestrian movements with greater precision than current technologies by zeroing in on humans’ gait, body symmetry, and foot placement from data collected by vehicle sensors.
Ford Motor Co. is partnering with Gnewt by Menzies Distribution in London, England to test a digital “warehouse on wheels” concept for last-mile delivery, which has the potential to help cut traffic, reduce emissions, and improve delivery times.
BorgWarner Acquires Oregon Companies, Forms Cascadia Motion to Explore Electric, Hybrid Propulsion Solutions
Auburn Hills’ BorgWarner, a global auto supplier, has acquired Oregon’s Rinehart Motion Systems and AM Racing and merged them into a new, wholly-owned company named Cascadia Motion. The new entity will explore electric and hybrid propulsion solutions for niche and emerging applications. Terms of the transactions were not released.
Rockbridge Growth Equity, a Detroit‐based private equity firm, has completed a $355-million transaction in which a consortium of blue‐chip institutional investors agreed to acquire an interest in four Rockbridge companies as well as seed new platform investments.
The Industrial Internet of Things is quickly gaining popularity among manufacturers, with a third planning to leverage connected devices, sensors, and machinery within the next five years, according to the results of the fourth annual State of Manufacturing Technology survey conducted by Plex Systems, a Troy-based provider of cloud-based manufacturing services.
GMC says its 2020 Acadia, which will be available in dealerships this fall and is being built at General Motors Co.’s Spring Hill, Tenn. assembly plant, will offer fresh exterior styling and smarter technologies both under the hood and inside the cabin.
It may be frigid outside, but inside Cobo Center, Feb. 16-24, all thoughts will be on the coming summer during the Detroit Boat Show, which is expected to draw more than 60,000 boaters and other interested consumers in from the cold.
Automation Alley is poised to present its 2019 Technology in Industry Report titled “From Vision to Implementation” on April 29 at 8 a.m. at the Detroit Institute of Arts. The report is designed to help manufacturers keep pace with rapid technological change.
Bloomfield Hills-based Taubman Centers Inc., a large luxury shopping mall developer, has agreed to sell 50 percent of its Taubman Asia’s interests, worth $480 million, in three Asia-based shopping centers to funds managed by The Blackstone Group in New York City.