With change an ever-present byproduct of technological advances, we present the Champions of the New Economy. The program was created by Junior Achievement of Southeastern Michigan, which operates the Quicken Loans J.A. Finance Park in downtown Detroit, and is presented in partnership with DBusiness magazine and News/Talk 760 WJR. On the following pages, we detail […]
EBIT of $3.5 billion and EBIT-adjusted of $2.0 billion
Reinventing the Corner of Michigan and Trumbull.
The survey gauges the views and attitudes of working-age and retired Americans regarding retirement, their preparations for retirement, their confidence with regard to various aspects of retirement, and related issues.
The Detroit Hispanic Development Corp., which provides bilingual information and direct services in and around southwest Detroit, held its 4th annual Partners Breakfast on April 28. The keynote address was presented by Carol Goss, president and CEO of the Skillman Foundation, while the mistress of ceremonies was Christine Rice, president of Vision IT. Photos by Christine M.J. Hathaway
Effective Monday, May 9, Colbeck will oversee Saab’s largest market, North America, from its Royal Oak office.
Gov. Rick Snyder and U.S. Department of Transportation Secretary Ray LaHood cite projects to improve the rail corridor between Dearborn and Kalamazoo
The Brother Rice Business Alliance, which raises scholarship funds for Brother Rice High School in Birmingham, held its spring social mixer at Aston Martin of Troy. The event included menu selections from Zazios in Birmingham, while the beverages were provided by ml., also in Birmingham. Photos by Patrick Gloria
From his perch in Traverse City, Tom Doak has designed some of the most famous golf courses in the world. But his latest project is, in Detroit and , could serve as a model for renewing interest in a game that’s struggling to attract younger players.
Presumably murky characters who fence goods at high interest rates for people in need, pawnshop owners are riding the region’s recent wave of misfortune with a measure of respect.
$2 Billion in R&D for Universities Make Believers of Region’s Researchers.
Jonathan Citrin, CEO of CitrinGroup in downtown Birmingham, offers advice on entrepreneurship as well as starting and managing a new business. He also provides an outlook on the Big Three automakers.
CLEARY UNIVERSITY, ANN ARBOR, HOWELL | Private Undergrad programs: Associate’s degrees in accounting technology, event/meeting management, information technology, business enterprise, and e-marketing. Bachelor’s degrees in business management, entrepreneurship, e-business communication, management of information technology, human-resources management, healthcare management, organizational leadership marketing, corporate finance, accounting. www.cleary.edu 800-686-1883 EASTERN MICHIGAN UNIVERSITY, YPSILANTI | Undergrad programs: Bachelor’s degrees […]
DeVry University, Southfield | Private Graduate programs: DeVry Universityâ€™s Keller Graduate School of Management offers 16 different MBA concentrations, including accounting, e-commerce management, finance, health services, hospitality management, human resources, marketing, and project management. Earn your MBA on campus or online, or both. Executive Education: Not available. Keller.edu/Detroit 248-213-1610 Eastern Michigan University, Ypsilanti | Graduate […]
Michigan boasts some of the highest ranked engineering programs in the nation. Three of Michigan’s engineering schools ranked in the top 100 of the nation by U.S. News & World Report’s “2011 Best Engineering” school rankings – and one (University of Michigan) ranked 8th overall.
Midland doesn’t possess the allure of Charlevoix or Bay Harbor, yet it’s arguably the most prosperous small city in Michigan.
Despite the economic slowdown, a piano dealer in Commerce Township says diversification is key to making ends meet.
A Rochester entrepreneur found early success selling baseball cards for a profit, but when the market dried up, he switched gears.
DB: Where are you? MC: In Washington, D.C., where I’m attending the National Association of Attorneys General spring meeting. DB: What’s going on there? MC: I was part of a panel that addressed parallel proceedings, where companies or individuals face criminal and civil actions simultaneously. An example includes British Petroleum, with the oil spill last […]
How a small brewer in Royal Oak is gaining market share in a saturated industry
A consultant reinvents his practice.
Provides 40 percent of energy to build Chevrolet Sonic, Buick Verano
Internet Retailer Rankings
Institute expected to become one of the largest of its kind in the nation
‘Where to, Bud?’ was heard in Detroit when motor taxicabs took to the streets around 1909. Thinking it had a better idea, the largest cab operator turned to electric propulsion.
The Henry, a luxury hotel in Dearborn (formerly the Ritz-Carlton), debuted TRIA, an American Brasserie, on April 28. The eatery offers entrees priced from $18-$25, which include Drunken Chicken, Bollito Misto, Seared Diver Scallops, and Pork Plate. In addition, the hotel is redoing all of its rooms, and recently completed a main lobby redesign. Photos by Patrick Gloria
Editor’s Note: On Monday, Kwame Kilpatrick was convicted of 24 crimes, including racketeering, extortion, mail, and wire fraud, bribery, and tax violations. Kilpatrick and co-defendant Bobby Ferguston were sent to federal prison in Milan and are awaiting a sentencing date. The following article was first published in DBusienss in the May-June 2011 issue. […]
A high-tech studio in Ferndale is delivering Detroit’s musical heritage to a new global audience.
Nationally Recognized Industry Leader Hired To Grow Business
Stage 2 Innovations partners with Automation Alley to introduce $100 million fund for second-stage companies
A highly successful, experienced investor has anonymously provided the financial capital for the Stage 2 Innovations Fund
Celebrates $1.6 Million in Combined Contributions in 2010
Federal-Mogul Adds Nearly 60 High-Volume MOOG® Steering and Suspension Parts for European, Asian and Domestic Applications
MOOG parts include control arms for millions of Jeep (Cherokee, Grand Cherokee and Wrangler), Dodge truck (Ram 2500 and 3500) and Dodge/Plymouth (Neon) applications
A manufacturer in Westland has developed a product to compete with century-old materials.
Patience is the best medicine when a product takes years to develop.
New Chevrolet Malibu and next-generation Impala join electric Volt and Opel Ampera
Second annual Electric Vehicle Safety Standards Summit September 27-28, 2011, at the Marriott Detroit Renaissance Center Hotel
The sixth annual series is presented by Golling Chrysler Dodge Jeep Ram and Golling FIAT in Bloomfield Hills, Mich. and Shuman Chrysler Dodge Jeep Ram in Walled Lake, Mich.
Chrysler Group fulfills promise to taxpayers and repays original government loans totaling $6.7 billion, in addition to $1.8 billion of interest and other consideration
Eight-bill package that brings greater fairness and simplicity to Michigan’s tax structure while aggressively positioning the state to be economically competitive
Paxahau Productions, the event production company for the 2011 Movement Electronic Music Festival, being held May 28-30 at Hart Plaza in downtown Detroit, held an Opening Night Party at the Detroit Seafood Market in Detroit’s Paradise Valley. Photos by Patrick Gloria
Ford engineers researched several locations for the Focus Electric and C-MAX Energi charge ports to ensure the port was in the best possible place for customer use.
Mark Hildebrandt developed an interest in clean energy in the 1970s. Over the years, it became his vocation – he owns a company that installs solar panels – so it’s only natural that he counts on the sun to create the electricity to charge his Chevrolet Volt.
Nicola Bulgari, an avid car collector and vice chairman of the Bulgari luxury goods firm, prefers not to dwell on the sheer number of automobiles in his car collection.
Skidmore Studio will be an anchor tenant in the historic Madison Theatre Building, a collaborative entrepreneurial hub for technology and creative companies. Tim Smith, Skidmore President and CEO, made the announcement earlier today.
Visteon Corporation (NYSE: VC) is expanding automotive component testing capabilities at its engineering test center in Brazil − one of the most advanced automotive technical centers in Latin America.
Michigan Chamber of Commerce Applauds Administration and Legislative Leaders for Enacting Bold Tax Reform
The Michigan Chamber of Commerce today expressed great appreciation to Governor Rick Snyder, Lieutenant Governor Brian Calley, Senate Majority Leader Randy Richardville and House Speaker Jase Bolger for their leadership to end the job-killing Michigan Business Tax and finalize its replacement with a competitive, pro-growth Corporate Income Tax.
Saab Automobile today restarted production at its production facility in Trollhattan. A first batch of around 100 cars is planned for this first day of production since April 6 and Saab Automobile plans to increase the daily production rate in the coming weeks in parallel with the full re-establishment of the supply chain.
CYPRESS, Calif., June 1, 2011 /PRNewswire/ — Mitsubishi Motors North America (MMNA) today reported May 2011 sales of 7,568 units, an increase of 59.8 percent compared to May 2010.
The MotorCities National Heritage Area and the Detroit Metro Convention & Visitors Bureau (DMCVB) announced today the biggest lineup ever for AUTOPALOOZA, their annual, summer-long celebration of Southeast Michigan’s largest and most unique automotive cruises, races and shows, which will kick off on Friday, June 10 at Metro Beach in Macomb County with the arrival of the Hot Rod Power Tour and wrap up on Saturday, August 20 with the world-famous Woodward Dream Cruise in Oakland County.
In a special two-day, once-in-a-lifetime event, The Henry Ford will display the original Emancipation Proclamation in the Discovering the Civil War exhibit on display in Henry Ford Museum. Doors will open to the public at 6:00 p.m. on June 20, followed by a brief opening ceremony at 6:45 p.m. and viewing beginning at 7:00 p.m. The museum will remain open around the clock until 6 a.m., June 22. This scheduled appearance marks the first time since 1948 that the Emancipation Proclamation was last displayed in Michigan. Admission to this public showing in Henry Ford Museum from June 20-22 is free. For more information, please call 313.982.6001 or visit www.thehenryford.org.
Foley & Lardner LLP announced today the launch of Foley Ventures, a $4 million venture capital fund exclusively to invest in or with Foley clients.
General Motors dealers in the United States reported 221,192 total sales in May, including a 9 percent increase in retail sales compared to May 2010. Retail sales for GM’s brands were again propelled by the company’s lineup of fuel-efficient passenger cars and crossovers. Total sales declined 1 percent on lower fleet volume.
Chrysler Group LLC today reported U.S. sales of 115,363, a 10 percent increase compared with sales in May 2010 (104,819 units), and the best May sales since 2008.
Ford today announced that the company plans to invest $100 million in robotic technology that is said to boost customer satisfaction and accuracy on the assembly lines.
Chevrolet celebrates its 100-year history in Detroit by sponsoring the 2011 Woodward Dream Cruise.
The 2011 Chevrolet Volt is the first electric vehicle to earn a five-star overall vehicle score for safety as part of the National Highway Traffic Safety Administration’s New Car Assessment Program.
Michigan Secretary of State Ruth Johnson today announced the formation of a new Business Roundtable, which will include business and industry leaders from across the state.
Dow Kokam, a leading large-format battery systems producer, announces a new strategic relationship with MotoCzysz, a design and engineering firm working exclusively on electric motors, as official supplier of Dow Kokam advanced lithium polymer batteries to power the MotoCzysz factory racing motorcycles for 2011.
Health and Human Services Secretary Kathleen Sebelius visited Henry Ford Hospital today to champion Partnership for Patients, a national initiative that aims to make health care safer, more efficient and less costly.
Today at the Mackinac Policy Conference, Charles “Chip” McClure, chairman, CEO and president, Meritor, Inc.; Richard E. “Dick” Dauch, co-founder, chairman and CEO, American Axle & Manufacturing (AAM); and Michael E. Duggan, president and CEO, Detroit Medical Center (DMC) led a discussion titled “Improving Michigan’s Economic Environment: Lessons from Business Leaders.”
Benton Harbor has recently been in the local and national news more than it would like, generally focused around the city’s financial troubles that led to a state-appointed emergency manager.
The 12th annual Bravo Bravo, featuring cuisine from many of the region’s top restaurants, live entertainment, and a salute to Michigan’s movie industry, was held on June 3. The event, coordinated by the Michigan Opera Theatre Volunteer Association, benefited the Detroit Opera House. Photos by Patrick Gloria
Mercedes-Benz Financial Services USA LLC announced today top management changes at the company.
Applications Available: Accelerate Michigan Innovation Competition to Award $1 million to Businesses on November 16-17
Applications open on June 6 for the 2011 Accelerate Michigan Innovation Competition. The Accelerate Michigan Innovation Competition will award more than $1 million in cash winnings, plus in-kind awards of services, staffing and software to top entrepreneurial businesses.
Taking the painful — but needed — steps to help Michigan.
General Motors will invest $130 million to build an enterprise data center at its Technical Center campus in Warren, Mich., adding 25 high-tech jobs and expanding and renovating a former administrative building. Design is under way on the renovation and construction, with the final phase scheduled for completion in 2015.
Do you have a killer business idea, a passion for Detroit, and a desire to impact and interact with
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at this very minute, and we want to help. Let’s build a business together.
BBK today announced that Patrick M. McQueen, Managing Director of McQueen Financial Advisors, has also affiliated with the firm, as Managing Director, and will serve as part of the company’s banking practice team.
An extensive six-year study shows current sales and purchasing practices can cost companies thousands to millions in recalls, inefficiencies.
Compuware Corporation announced that
it has strengthened and extended its executive management ranks.
Covisint Publishes New White Paper: “Establishing a Secure Network Platform for the Connected Vehicle”
Covisint’s new white paper details the importance of a robust identity management strategy for overcoming challenges and leveraging opportunities with connected vehicles.
Chrysler Group LLC today announced significant management team changes within different divisions.
Warner Norcross announced today the creation of a new practice group, Emergency Manager Law, and a new microsite.
St. John Macomb-Oakland Hospital held its 10th annual Taste Fest on May 25 at the American Polish Century Club in Sterling Heights. More than 200 people attended the event, which included cuisine from Big Fish Seafood Bistro, Beef O’Brady’s, Antonio’s Italian Cuisine, Just Baked, Mac & Ray’s, and Sanders.
The Detroit Athletic Club hosted the MHCC’s Public Policy Breakfast on May 19. Along with Gov. Rick Snyder, more than 200 people attended the event.
Ford Motor Company (NYSE: F) today said it expects its worldwide sales to increase by approximately 50 percent by mid-decade to about 8 million vehicles a year – with improved operating margins – as the company continues its One Ford plan to accelerate product introductions and expand quickly in growth markets.
Through new distribution channels, Better Made Snack Foods has expanded distribution to Southwest Michigan and can now be found in New Buffalo, Benton Harbor, Stevensville, Eau Claire, Dowagiac, Decatur, Berrien Springs, Saint Joseph, Sister Lakes, Bridgman, Watervliet, Coloma, and Cassopolis
Imagine Driving Halfway Across the Country on a Single Tank of Gas — These Vehicles Make that Dream a Possibility
Rising gas prices once again are in the headlines as the summer travel season begins. Based on this fact, it’s certain that the collegiate teams in SAE International’s Supermileage® competition could be the envy of many drivers across the nation. Why? Because their vehicles can achieve a fuel efficiency of more than 2,000 miles per gallon.
Vistage Michigan, a membership-based organization that provides business leaders with business perspectives and innovative strategies named Charles Woodhams of Livonia as its newest Chief Executive (CE) Group Chair.
Gov. Rick Snyder today announced that Varnum LLP, a Michigan-based law firm, will donate $1 million in legal services to targeted state-based startups, early stage and growing businesses in a coordinated effort to help spark Michigan’s economy.
Every time I hear a business owner tell me how they have had the worst luck lately or can’t seem to catch a break in this economy, it reminds me of a famous story of an entrepreneur who had what could have been the worst luck.
Walsh College Announces Resignation of Chief Academic Officer; Names Business Administration Chair as Interim
Walsh College today announced that Robert Minter, Ph.D., Executive Vice President and Chief Academic Officer, will retire from the College effective July 8.
The Detroit Yacht Club hosted a fundraiser on May 6 for the APBA Detroit Gold Cup Races. More than 500 people were in attendance.
Study shows that there are significant differences in loyalty and satisfaction based on the brand of smartphone.
Survey from Whirlpool Corporation and Habitat for Humanity International shows that consumers commonly define “green” as saving energy and water.
Vehicles undergo last series of tests before winner announcement.
Cornerstone Schools celebrated its 20th anniversary at Andiamo Banquet Center in Warren on May 19. More than 500 members of the Cornerstone community were in attendance.
Gov. Rick Snyder says bipartisan legislation shows support for city.
Oakland County’s Business Finance Corporation (BFC) and Economic Development Corporation (EDC) amassed some pretty impressive numbers in their first 30 years in business: total investment of more than $1.2 billion and more than 26,000 jobs created or retained.
General Motors intends to invest $47 million in its Defiance powertrain plant to purchase tooling and equipment to increase volume of components for the fuel-efficient Ecotec 1.4L engine and the next generation of small block car and truck engines.
Now chilling at the Detroit Zoo is a 19-year-old male polar bear named Aquila (pronounced ah-KEE-la).
Ford Motor Company (NYSE: F) is hosting Europe’s most influential safety leader to discuss how to bring intelligent vehicle technology to global customers quicker and more affordably.
Chevrolet dealers in all 50 states will begin taking orders for the 2012 Chevrolet Volt electric car today.
Cadillac is rolling out a new, modern design for its dealerships as part of the brand’s “Defining Moments” customer service initiative.
Ford to Triple Production Capacity of Electrified Vehicles in North America by 2013, Led by C-MAX Hybrid, C-MAX Energi
Ford Motor Company (NYSE: F) announced today it is tripling production capacity of its electrified vehicle lineup through 2013, further boosting volumes of its all-new C-MAX Hybrid and C-MAX Energi plug-in hybrid, which begin production next year.
Gene Michalski, president and chief executive officer, Beaumont Health System, has announced the appointment of Nick Vitale, of Troy, as executive vice president and chief financial office.
I ascended the white marble steps of the Detroit Public Library in late May, invited to attend a symposium on “urban centers” in Detroit. I was expecting to find a group of seasoned professionals who shared strong opinions about a city they had only seen from an airplane or through the window of a taxi.
As someone who has invested heavily in Midtown, discussions of right sizing the city are encouraging.
When the mercury starts to rise, people have all sorts of ways for cooling themselves down: sprinklers, lemonade and ice cream all come to mind.