DETROIT — Comerica Bank’s Michigan Economic Activity Index decreased in June to a level of 118.8. The index is comprised of nine variables — nonfarm payroll employment, continuing claims for unemployment insurance, housing starts, a house price index, industrial electricity sales, auto asemblies, total trade, hotel occupancy, and sales tax revenue. Bank officials said that in
TROY — The engineering technology developer Altair Inc. (Nasdaq: ALTR) announced the release and immediate availability of its new Altair Inspire simulation-driven design platform, and its Altair 365 cloud collaboration platform. The company said Altair Inspire enables manufacturers to use simulation to drive the entire design process, accelerating the pace of innovation and reducing time-to-market.
PONTIAC — Deliver My Ride, the online car buying service launched by Peter Karmanos Jr.’s tech firm, MadDog Technology, and retail automotive industry veteran Michael McInerney, announced the launch of its newly enhanced platform. Deliver My Ride is a modern alternative to the traditional car buying process. The platform creates a convenient, unbiased, and pressure-free
WASHINGTON TWP. — A suburban Detroit startup called Validu has introduced an app and software to prevent expense account fraud by offering real-time event monitoring and auditing of customer engagement events — in other words, meetings and sales calls. Validu is a mobile event monitoring tool for customer engagements that replaces a traditional paper sign-in
DEARBORN — Ford Motor Co. announced it has created Ford Autonomous Vehicles LLC, a new organization charged with accelerating its autonomous vehcile business. The new LLC will take over Ford’s self-driving systems integration, autonomous vehicle research and advanced engineering, AV transportation-as-a-service network development, user experience, business strategy and business development teams. The new LLC, which
SOUTHFIELD – Lawrence Technological University is in the midst of a $2.5 million laptop upgrade for about 1,300 of its students. The laptops, on average, include $75,000 worth of software per student. Aging, 4-year-old MacBooks and Lenovo Yoga laptops will be replaced with upgraded MacBook Pros and Fujitsu Lifebooks. LTU student laptops also come pre-loaded
FARMINGTON HILLS — Cebos, the quality management monitoring software developer, announced the launch of a new version of its Cebos QMS softwaer as well as a faster upgrade process. Farmington Hills-based Cebos, founded in 1995, is a division of the Santa Barbara, Calif.-based software company QAD Ltd. The company said the new HTML-based software “offers
LANSING — Air Lift Co. announced a redesign of its WirelessOne on-board air compressor system, making the wireless control of all brands and types of air springs easier and more convenient than ever. This single-path, on-board air compressor system makes it simple to level out a vehicle on the go, without the hassle of using
SOUTHFIELD – The New Economy Initiative has awarded a one-year grant of $40,000 to the Lawrence Technological University Collaboratory for the support of its accelerator program that will enable the growth for small manufacturers and emerging hardware startups in Southeast Michigan. “As a leading resource to small and start-up companies developing innovative, engineered products, the
SOUTHFIELD – The intersection of design and sound is the focus of an art installation created by Lawrence Technological University’s College of Architecture and Design for an architecture exhibition in Venice, Italy. The exhibition, called “Time Space Existence,” is being held in three grand palaces in Venice — Palazzo Bembo, Palazzo Mora and Palazzo Rossini.
