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.....»»
Beijing’s threat to hike import tariffs to challenge key U.S. brands in China
Beijing may raise tariffs to 25 percent from 15 percent on imported vehicles with engine sizes above 2.5 liters, the China Chamber of Commerce to the EU said this week, posing a threat to Detroit's efforts to sell its most profitable vehicles in the.....»»
Eddie Murphy is back on the scene in Netflix’s Beverly Hills Cop: Axel F trailer
Eddie Murphy is back as the fast-talking Detroit detective in the trailer for Netflix's Beverly Hills Cop: Axel F......»»
ZT Corporate buys 4 Greenway Automotive stores
ZT Automotive is owned by ZT Corporate, a wealth management firm that acquires and operates dealerships......»»
Mahindra moves Roxor, tractor production to Detroit suburb
Mahindra moves Roxor, tractor production to Pontiac as the India-based vehicle manufacturer tries for stronger traction in North America......»»
There"s a new top import brand in Japan with model from a surprising country
In hard-to-crack Japan, the market has a new top import model. And it comes from a brand and place you might not expect. No, the nameplate is not from Detroit......»»
Mahindra moves Roxor, tractor production to Pontiac
Mahindra has moved production of its tractor and Roxor side-by-side vehicle to Pontiac, 30 miles North of Detroit ,in a consolidation move as the India-based vehicle manufacturer tries for stronger traction in North America. The company has inves.....»»
Struggling Our Next Energy taps consultant to help battery maker raise funds
Electric vehicle battery startup Our Next Energy Inc. hired a Chicago-based financial consultant specializing in distressed businesses in its quest to rebound from a failed Series C fundraising round. The suburban Detroit battery manufacturer rece.....»»
Detroit auto show producer names successor to Rod Alberts
Sam Klemet, CEO of the Michigan Association of Broadcasters, was named co-executive director......»»
BorgWarner generates higher revenue, earnings as demand grows for hybrids
Detroit automakers such as GM have plans to bring back hybrids to the market, feeding customer demand for a bridge to all-electric powertrains. BorgWarner's CEO kept details around hybrid quoting activity close to the vest......»»
Detroit auto show producer names successor to DADA Executive Director Rod Alberts
Sam Klemet, CEO of the Michigan Association of Broadcasters, was named co-executive director......»»
GM will take top 2 floors at Hudson"s Detroit for new HQ — for now
More details are coming to light about General Motors Co.’s footprint in the Hudson’s Detroit property as it moves its headquarters out of the Renaissance Center. .....»»
Scenes from the 2024 Automotive News PACE Awards
The event in Detroit celebrated the best in supplier innovation......»»
Tesla"s plan for affordable cars takes page from Detroit rivals
Tesla has said it will use a current platform and production lines to produce what it called "more affordable" models by early next year......»»
New GM North America chief Marissa West has deep ties to automaker
While growing up, General Motors' first female North American president would collect brochures at the Detroit auto show and pretend to run her own dealership......»»
IBM acquires HashiCorp in multi-billion dollar deal to boost cloud reach
HashiCorp agrees to $6.4 billion takeover deal by IBM as the companies look to take on more of the market......»»
GM"s Marissa West looks to connect with retailers as she oversees North American operations
While growing up, General Motors' first female North American president would collect brochures at the Detroit auto show and pretend to run her own dealership......»»
CEO Mary Barra"s pay declined 3.9% to $27.8 million as GM missed stock targets
After eight consecutive years as the highest-paid Detroit 3 CEO, Barra's compensation trailed the $39 million Stellantis shareholders approved for Carlos Tavares......»»
Veeam acquires Coveware to boost its ransomware protection capabilities
Veeam Software announced the acquisition of Coveware, a provider in cyber-extortion incident response. It brings ransomware recovery and first responder capabilities to further strengthen Veeam’s radical resilience solutions for customers. Coveware.....»»
Stellantis lays off 199 at Ram 1500 plant in suburban Detroit
The layoffs in Sterling Heights, Mich., took effect Monday as the automaker continues to trim its head count......»»
Report: Apple acquires French startup behind AI and computer vision technology
Apple has reportedly acquired Datakalab, a Paris, France-based startup specializing in artificial intelligence compression and computer vision technology. According to French business magazine Challenges, the acquisition was finalized in December......»»