detroit

The Midwest Fund launches, brings The Fund’s innovative investment strategy to a fifth market

A new investment fund is coming to Midwest cities, and it’s lead by names familiar to the local scenes. The aptly-named Midwest Fund targets early-stage startups from Pittsburgh to Chicago, from

Detroit’s Ludlow Ventures goes for fund four

Venture funds have been springing up everywhere in recent years. But a decade ago, it was far more difficult to build a new venture brand far away from a tech hub like Silicon Valley, New York, or Bos

Verizon partners with Apple to launch 5G Fleet Swap

Apple and Verizon today announced a new partnership that will make it easier for their business partners to go all-in on 5G. Fleet Swap, as the program is called, allows businesses to trade in their e

Facebook takes down ‘Stop the Steal 2020’ group organizing around false claims of election chicanery

Facebook has taken down a group that had amassed more than 300,000 members and was sharing misinformation and organizing around false allegations of impropriety during the 2020 elections. The group, c

Carbon Health to launch 100 pop-up COVID-19 testing clinics across the US

Primary care health tech startup Carbon Health has added a new element to its “omnichannel” healthcare approach with the launch of a new pop-up clinic model that is already live in San Fra

3 views on the future of geographically-focused funds

For many investors, the coronavirus has effectively taken geography out of the equation when it comes to vetting new opportunities. While this dynamic opens up startups to more investment opportunitie

Ford, Bosch and Bedrock announce an automated valet parking garage in Detroit

Ford, Bosch and Bedrock today announced an automated valet parking demonstration in downtown Detroit. This system is designed to allow drivers to exit a vehicle and the vehicle would park itself in th

5 VCs on the future of Michigan’s startup ecosystem

The Michigan startup scene is growing and venture capitalists see several key areas of opportunities. What follows is a survey of some of the top VCs in the state and how they see COVID-19 affecting t

Self-driving vehicle startup Argo AI completes $2.6B deal with Volkswagen, expands to Europe

Volkswagen Group finalized Tuesday its $2.6 billion investment into Argo AI, the Pittsburgh-based self-driving car startup that came out of stealth in 2017 with $1 billion in backing from Ford. The de

Minneapolis-based Yardbird raised $4.4 million for furniture made from recycled ocean-bound plastic

The Minneapolis-based outdoor furniture brand Yardbird, which makes its wares in part from recycled plastic harvested from beaches and ocean-bound waterways, has raised $4.4 million in financing. Even

GM delays GMC Hummer EV debut

GM said Wednesday that it will postpone its upcoming reveal of a GMC-branded electric Hummer due to the COVID-19 pandemic. The Hummer EV debut, which was scheduled to occur May 20, is the latest autom

GM exits car-sharing business and shuts down Maven

GM’s experiment with car sharing is over. The automaker Tuesday said its Maven car-sharing service, which launched in 2016, will shut down for good. Maven had paused service due to the COVID-19

The Station: Via hits $2.25B valuation, letters from readers, layoffs in a time of COVID-19

Hi, and welcome back to The Station, a weekly newsletter dedicated to all the ways people and packages travel from Point A to Point B. I’m your host Kirsten Korosec, senior transportation report

Detroit to be first to deploy Abbott Labs’ 5-minute COVID-19 test, mayor says

Detroit Mayor Mike Duggan said today on Wolf Blitzer’s CNN show that the city of Detroit is on track to be the first city to deploy Abbott Labs’ five-minute COVID-19 test. The mayor said the t

Detroit Auto Show canceled in preparation for FEMA to turn venue into field hospital

The North American International Auto Show, which was scheduled for June in Detroit, has been canceled as the COVID-19 pandemic continues to spread and the city prepares to repurpose the TCF Center in

As the US shuts down, StockX’s business is booming, says its CEO

StockX, the high-flying resale marketplace that connects buyers and sellers of sneakers, streetwear, handbags and other collectible items, has seen its fortune rise along with the $6 billion global sn

News-reading app Flipboard expands local coverage, including coronavirus updates, to 12 more US metros

Earlier this year, personalized news aggregation app Flipboard expanded into local news. The feature brought local news, sports, real estate, weather, transportation news and more to 23 cities across

GM, Ford, Fiat Chrysler join UAW to form coronavirus task force

The Big 3 Detroit automakers — GM, Ford, and Fiat Chrysler Automobiles — have partnered with United Auto Workers to form a task force aimed at protecting workers and limiting the spread of COVID-1

Airlines start canceling more flights from Europe as new restrictions go into effect

With the White House’s surprise decision to bar foreign nationals from Europe from entering the United States, the already battered airline industry is facing yet another challenge. Unsurprising

Cadillac cancels debut of all-electric Lyriq over COVID-19 concerns

Cadillac has cancelled the upcoming debut of the Lyriq, an all-electric mid-sized SUV designed to be an entry point into luxury brand’s new EV lineup, over concerns about the COVID-19 outbreak.
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