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Novi’s Cooper Standard Finalizes $266M Sale of Anti-Vibration Systems Business to Auburn Hills’ Continental
Cooper Standard, a Novi-based automotive supplier, has completed the sale of its anti-vibration systems business to Auburn Hills’ Continental AG for $266 million.
The city of Detroit is planning to sell the vacant Johnson Recreation Center for $625,000 to the University of Detroit Jesuit High School, which will renovate and reactivate the facility and give access to the local neighborhood. If approved by City Council, renovation work will begin in the fall.
Detroit’s General Motors Co. sold 665,840 vehicles in the first quarter of 2019, down 7 percent from “very strong” year-ago figures, with trucks, SUVs, and crossovers comprising 80 percent of the sales mix.
Lear Corp., a Southfield-based automotive seating and electrical and electronic systems supplier, said Monday it plans to acquire Seattle’s Xevo Inc., an automotive software supplier that develops solutions for cloud, car, and mobile devices, for $320 million.
Detroit-based Compuware says it has made enhancements to its automated mainframe testing solution Topaz for Total Test, which now provides unit, functional, integration, and regression testing capabilities in a single product, an industry-first for automated testing, according to the company.
The latest University of Michigan Surveys of Consumer Sentiment reports record-level income gains accompanied by lower than expected year-ahead inflation rates, resulting in more favorable real income expectations.
Canada-based 7D Kinematic Metrology Inc. has acquired the iGPS manufacturing tracking business of Brighton’s Nikon Metrology. Terms were not disclosed for the transaction that is expected to close on March 31.
Two public relations agencies, Marx Group in Bloomfield Hills and Eisbrenner Public Relations in Royal Oak, announced Thursday that they would merge to form Marx Buscemi Eisbrenner Group. The deal will close in April.