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April 29, 2019

As driverless cars move closer to reality from science fiction, there's a new competition: the race to a business case.

Self-driving cars are often heralded as the future of the century-old automotive industry, with the potential to change fundamentally the way companies make money. Meantime, hefty support from investors has spurred a years-long contest between automakers, startups and Silicon Valle...

February 25, 2019

JPMorgan Chase will make a $15 million investment in Detroit for redevelopment work in commercial corridors in the city’s neighborhoods, the company said Thursday.

The contribution to the city’s Strategic Neighborhood Fund includes a $5 million donation and $10 million in a low-interest loans, officials said.

“We wanted to target our investment in the neighborhoods,” Peter Scher, JPMorgan Chase head...

January 17, 2019

Ford Motor Co. CEO Jim Hackett said Wednesday that the behind-the-scenes work he and his executive team have been doing in the 19 months since he was appointed to lead the company should start to pay off this year.

Ford expects financial results in 2019 should be an improvement over the year prior. The automaker reported it made 92 cents per share in 2018 — down from $1.90 per share in 2017.

The auto...

January 14, 2019

Local business leaders overwhelmingly agree that Metro Detroit could be the next technology hub in the United States, according to the first survey of its kind from global management firm Accenture plc.

As Southeast Michigan attracts Silicon Valley businesses looking to strengthen ties in the automotive industry and automakers work to reinvent themselves into tech companies, the future for opportuni...

December 31, 2018

Out with the old and in with the new doesn't quite fit Metro Detroit for 2019.

The new year appears to be more of a transition period, as progress continues on major developments downtown.

There isn't a glitzy arena opening or a skyscraper near completion. Motorists traveling over the Detroit River will still have to look to the Ambassador Bridge as the Gordie Howe International Bridge begins to...

October 26, 2018

Detroit — Former President Barack Obama rallied thousands of Michigan Democrats here Friday night, channeling his past calls for hope and change as he urged voters to get to the polls Nov. 6 for what "might be the most important election of our lifetime."

Speaking to an enthusiastic overflow crowd at Cass Tech High School, Obama warned supporters that the failure to vote in the m...

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