Detroit Informer

Ford Airport’s full Board of Directors must approve the agreements later this month. Full News here – Oakland Business

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Ford Sollers already operates three assembly plants in Russia, and has rapidly expanded its product offerings. In 18 months, Ford Sollers has advanced from building two cars, Focus and Mondeo, to seven vehicles today: Focus, Mondeo, Galaxy, S-Max, Kuga, Explorer and Transit Full News here – Detroit Business News

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Chad Halcom – Ann Arbor-based Tecumseh Products Co., two business units of Benton Harbor-based Whirlpool Corp. and a division of Danish parts supplier group Danfoss A/S will pay about $ 41 million combined to settle their portions of a Detroit civil lawsuit alleging price-fixing in the sales of compressors. Full News here – Crain’s Detroit [...]

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The home, which Oklahoma billionaire Aubrey McClendon put on the market last week for $ 10 million, will never be duplicated, says Dick Waskin, owner of ReMax Saugatuck Douglas. Full News here – Oakland Business

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The nearly 190,300 square-foot facility is fully-owned by GM Indonesia. Its 700 employees will produce Chevrolet Spin, a subcompact multi-purpose vehicle (MPV). Full News here – Detroit Business News

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Sherri Welch – United Way for Southeastern Michigan said it has raised $ 35.1 million in its 2012-2013 annual workplace and individual giving campaign, up 11 percent from the amount it raised last year. Full News here – Crain’s Detroit Business – Latest News

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Bloomberg – CCM Merger Inc., the operator of MotorCity Casino Hotel, set the rate on a $ 531 million term loan on which it’s seeking to reduce borrowing costs, according to a person with knowledge of the deal. Full News here – Crain’s Detroit Business – Latest News

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The project, being launched this spring by Gulfshore Investments, received a $ 1 million Community Revitalization Program performance-based grant, the Michigan Strategic Fund announced Tuesday, April 16. Full News here – Oakland Business

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Dustin Walsh – About 3.4 million vehicles are being recalled worldwide due to defective airbags supplied by two of Takata Corp.’s North American plants. Takata’s North American subsidiary TK Holdings Inc. is based in Auburn Hills. Full News here – Crain’s Detroit Business – Latest News

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The government has sold another piece of its stake in General Motors Co. The Treasury Department said in its March report to Congress that it sold $ 621 million worth of GM common stock last month. Full News here – Detroit Business News

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Got a big idea for the arts in Detroit? You could win a share of $ 3 million to help make it become a reality. The goal of the Knight Arts Challenge is to engage and enrich the community. You don’t have to be an artist to enter. It’s open to anyone. There are signs [...]

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The Detroit Metro Convention & Visitors Bureau estimates the Tigers’ three-game home stance, which starts today with the team’s home opener, will have an economic impact of between $ 13 and $ 15 million, including at least $ 5 million during Opening Day alone. Full News here – Detroit Entertainment

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“We are thrilled that GM has decided to invest $ 215 million into the facility and award us the new engine,” said Dan Reyes, president of Local 599. Full News here – Oakland Business

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Detroit Tigers Gamble Big With Justin Verlander's 0 Million Contract According to the Detroit News, Verlander will earn $ 180 million for the first five years, while ESPN said he could receive an additional $ 22 million for the sixth year. If nothing else, the first five years make him Major League Baseball's highest paid [...]

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Associated Press – Detroit Tigers ace Justin Verlander has agreed to a $ 180 million, seven-year contract, topping Felix Hernandez for the richest deal for a pitcher in baseball history. Full News here – Crain’s Detroit Business – Latest News

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