Tag Archive | "million"

Ilitch family

Ilitch family’s $650 million arena district plans were highlight of Detroit development news

Crain’s Detroit Business – This is part of a series of stories looking back at 2014 and looking forward to the year ahead.  A major transformation of the heart of Detroit kicked off in September when the Ilitch family broke ground on The District Detroit, which can be described as a big vision for the […]

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See inside Detroit’s swanky $8 million Albert Kahn building redevelopment in Capitol Park

The Albert, a 127-room apartment complex, offers luxury living in downtown Detroit. Full News here – Detroit News

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Toyota to make $126 million expansion in Ann Arbor, relocate jobs from California

Toyota announced Thursday it is expanding its powertrain operations in Ann Arbor as part of a $ 126 million investment at its Technical Center. Full News here – Detroit Business News

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Ford expands Takata airbag recall to include half million vehicles

Ford Motor Co. is heeding a request by the National Highway Traffic Safety Administration and expanding its recall of vehicles with Takata airbags. Full News here – Detroit Business News

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Stryker Corp. and its OtisMed business unit to pay nearly $80 million to settle federal charges

The DOJ charged that Stryker’s OtisMed unit sold medical devices used in knee-replacement surgeries without regulatory approval. Full News here – Oakland Business

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Rutgers, North Carolina get $1.2 million each for Detroit Quick Lane Bowl appearance, report says

DETROIT, MI — If you didn’t know, there’s going to be a college football bowl game played in Detroit on Dec. 26 at Ford Field. And it reportedly will include a lucrative payout for North Carolina and Rutgers — the Quick Lane Bowl’s two participating teams. Full News here – Detroit Entertainment

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Dow Chemical selling two ‘non-strategic’ assets, will net $225 million

Officials with The Dow Chemical Co. have signed definitive agreements to sell the company’s global sodium borohydride business to Vertellus Specialty Materials LLC and its polyolefin films plant in Findlay, Ohio to Valfilm North America Inc., a wholly-owned subsidiary of VALGROUP Packaging Solutions, according to a news release. Full News here – Oakland Business

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Report: About 3 million Honda vehicles need to be fixed in U.S. airbag recall

Honda Motor Co. will need to replace airbags in about 3 million vehicles in the U.S. after the Japanese automaker expanded a recall nationwide, Bloomberg reports. Full News here – Detroit Business News

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Ford sales hit 1 million mark in China

In the increasingly important and competitive market for automakers that is China, Ford Motor Co. has just hit a major milestone. Full News here – Detroit Business News

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1.5 million in MI expected to drive this holiday

The travelers have arrived at Detroit Metro Airport and they come with worries about the trip home. Full News here – Detroit | WXYZ

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With $1.5 million from state, Covisint moving from downtown Detroit to Southfield

The move is being supported by a $ 1.5 million Michigan Business Development Program performance-based grant. Full News here – Detroit Business News

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State working out which cities -- from Ironwood to Detroit -- get a piece of $  75 million in federal blight funding

State working out which cities — from Ironwood to Detroit — get a piece of $75 million in federal blight funding

Corey Williams Associated Press – LANSING— Vacant houses. Pontiac has them. So does Flint. And Detroit has lots. But tiny Ironwood in Michigan’s western Upper Peninsula has them, too. The small community of about 5,300 people is among a dozen awaiting a decision by state housing officials on how much of $ 75 million in […]

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GM spending $200 million at 2 Michigan plants 

General Motors Co. says it will spend $ 200 million at two suburban Detroit plants for new vehicle production. Full News here – Detroit Business News

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Chinese auto parts supplier adding 176 jobs with $15 million investment in Metro Detroit

STEC USA is opening a research and development, warehousing and assembly, and window regulator component manufacturing plant as part of its North American headquarters at the site. Full News here – Detroit Business News

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High-End Homes: Lake Macatawa home along Holland’s South Shore Drive listed for $1.975 million

“This has one of the best views on the lake,” said Realtor Andrea Crossman of the 6-bedroom home set on 130 feet of Lake Macatawa frontage. Full News here – Oakland Business

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