Within five years, the gap between tooling capacity and demand from the automotive industry will be nearly $6 billion.
Shifting automaker preferences have left large Tier 1 suppliers like Johnson Controls Inc. (NYSE: JCI) rethinking their business portfolios.
Kellogg Co. said it would cut its global workforce by about 7 percent by the end of 2017 as part of a four-year restructuring program it announced today.
When the state passed the so-called “Right-to-Work” legislation last year, lawmakers claimed the measure, which ends compulsory union membership, would help lure more jobs to the state.
The Brookings Institution’s Mark Muro outlined a three-part plan for states such as Michigan to succeed amid an evolving automotive sector.
A new study outlines a path for southern states to play more of a key role in the evolving automotive industry. The prescription: Get what Michigan’s already got — the brains of the auto industry. With the South nipping at the state’s heels, the report suggests Michigan must continue to bolster its supply chain clusters, technological innovation and skilled workforce.
Market conditions seem ripe for increased mergers and acquisitions among Michigan’s automotive suppliers.
Steelcase Inc. (NYSE:SCS) announced today that current President and COO Jim Keane will succeed Jim Hackett as CEO in March 2014, the start of the company's fiscal year. Perrigo Co. shareholders vote Nov. 18 on the proposed $8.6 billion deal for Dublin, Ireland-based Elan Corp.
Rockford-based footwear company Wolverine World Wide Inc. reported better than expected revenue and earnings per share in its third quarter, according to a release.
As West Michigan’s public companies have been involved in recent deals totalling in excess of $12 billion, it’s further evidence that the region is competing in a global market. That was one key takeaway from the panel discussion at the inaugural MiBiz M&A, Deals and Dealmakers Awards.