ANN ARBOR - Michigan’s economy could face mounting pressure later this summer as rising oil prices tied to the growing Middle East conflict begin spreading through the state’s three largest economic pillars — the auto industry, tourism and agriculture. Economists warn the full impact of the global energy shock may not hit consumers and businesses
DETROIT - Automotive News reported Monday that General Motors has eliminated additional information technology jobs as the automaker continues restructuring efforts aimed at lowering costs and accelerating its transition into a software-driven automotive company. The layoffs come as GM faces a difficult balancing act: funding billions of dollars in electric vehicle development, battery plants, software
Part 1 or a two-part series on the Chinese auto threat to Michigan. DETROIT - For generations, Detroit was the beating heart of American industrial power. In the decades following World War II, Michigan’s auto industry dominated not only the United States, but much of the global automobile market as well. During the 1950s and
DETROIT — New car prices are rising again in the United States, but this time the pressure is coming from multiple directions at once — and Michigan sits directly in the crosshairs. A combination of import tariffs, supply chain costs, and now a global oil shock tied to the Iran conflict is pushing vehicle prices
DETROIT - The Global Epicenter of Mobility (GEM), a signature program of the Detroit Regional Partnership (DRP), has launched the Road to 2030 – a bold effort to identify forward-looking insights around the technologies and sectors that present the greatest opportunities for growth for our companies, communities, and residents through 2030. Joining us on MITechTV
