Hagerty acquires Detroit"s Concours d"Elegance
Hagerty, a longtime provider of insurance for vintage and enthusiast vehicles that has aggressively branched out into events, will retain current concours management to raise the profile of the annual event — scheduled for July 23-25 after a one-ye.....»»
Bitdefender acquires Horangi Cyber Security to expand its unified risk and security analytics platform
Bitdefender has agreed to acquire Horangi Cyber Security to address the growing demand for advanced, streamlined management of cybersecurity, compliance, and governance of multi-cloud environments. As organizations continue to accelerate cloud adopti.....»»
Socure acquires Berbix to help customers combat online identity fraud
Socure acquired Berbix, a San Francisco-based startup that developed a high-accuracy document verification solution with a patent-pending forensics engine able to detect spoofed IDs – including AI-generated fakes – that are visually indistinguish.....»»
Gerald Meyers, CEO who steered American Motors during rocky period, dies
Meyers, a self-described "buck chaser," played a key role in Jeep history and helped bring the AMC Pacer to creation before heading the nation's 4th-biggest automaker and Detroit's perennial underdog. He was 94......»»
Databricks acquires MosaicML to make generative AI accessible for every organization
Databricks has entered into a definitive agreement to acquire MosaicML, a generative AI platform. Together, Databricks and MosaicML will make generative AI accessible for every organization, enabling them to build, own and secure generative AI models.....»»
Car Wars study predicts Detroit 3 closing in on Tesla"s EV market share
EV market share is expected to grow overall as more automakers launch new electric models, according to the annual "Car Wars" Bank of America Global Research report released Thursday. The Detroit 3 could gain significant share of the EV market, closi.....»»
America"s Group acquires Las Vegas auction, expanding its reach in the West
The acquisition broadens the auction company's market presence to dealers, rental companies and financial institutions in major cities in the West, America's Group CEO Chuck Tapp said......»»
Rivian acquires route planning app maker Iternio, CEO says
Rivian has acquired Swedish EV route planning app maker Iternio to add its technology to its electric pickups and sport utility vehicles, as well use its data to better expand its own charging network,.....»»
Cadillac Escalade IQ to be unveiled Aug. 9 in N.Y.
The electric Escalade IQ will be built at the automaker's Factory Zero EV assembly plant in Detroit......»»
BorgWarner acquires EV charging business in Italy for about $80 million
The acquisition target is expected to generate about $27 million in revenue this year, and BorgWarner expects to grow sales to $273 million by 2027......»»
Commentary: Detroit auto show poised to disappoint again
This month, the Detroit auto show beat back whispers of its potential demise with a bold press release promising that September's event would have 'double the number of brands participating.' That's not true......»»
Strikes end at Ohio battery plant and Michigan aluminum parts plant
Workers at a Constellium aluminum parts plant near Detroit and a Clarios battery plant near Toledo both voted to ratify new contract agreements Friday after several weeks on strike......»»
Virtana acquires OpsCruise to help users manage complex modern environments
Virtana acquired cloud observability platform, OpsCruise, a purpose-built cloud-native, and Kubernetes observability platform. OpsCruise’s solution empowers ITOps/DevOps/SRE teams to predict performance degradation and pinpoint its cause. This.....»»
Supplier Shiloh to shut down Detroit area plant, lay off 107 post-bankruptcy
Union President Michael Baumann said he recently negotiated exit packages for represented employees. He said he thinks mismanagement doomed the plant, though he believes the severance agreements were fair......»»
Automation giant ABB acquires smart home device maker Eve
Eve Systems, the maker of numerous smart home devices that support HomeKit, has been acquired by automation and electrification firm ABB.Eve MotionConfirmed by ABB on Monday, the purchase of the German Eve Systems brings the company under the ownersh.....»»
Detroit auto show vows to make a comeback in 2023. But which automakers can the show lure back?
The Detroit 3 are expected to participate with their full brand portfolios, although it's unclear what, if any, companies the show can win back after many sat out in 2022......»»
Detroit auto show says it expects more brands to show up in 2023
The Detroit Auto Dealers Association, which runs the show, said Wednesday that it expects more than double the 13 brands that participated in last year's show......»»
Detroit auto show says it expects more auto brands to show up in 2023
The Detroit Auto Dealers Association, which runs the show, said Wednesday that it expects more than double the 13 brands that participated in last year's show......»»
Apple acquires B2B AR startup Mira
A day after Apple unveiled its first-generation MR headset, Vision Pro, the world's largest company by market value made another acquisition by buying AR startup Mira......»»
New UAW leadership: ‘Time to get our fair share"
Shawn Fain, the first UAW president elected directly by members, is working to coordinate the union's messaging from the bottom up to build pressure on the Detroit 3......»»
Nobody wants to budge at UAW strikes in Ohio, Michigan
UAW workers at two auto parts supplier plants remain on strike in suburban Toledo and suburban Detroit. The UAW is in talks with the company in Detroit but no negotiations are scheduled in Toledo......»»