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A new plant in Detroit aims to make batteries to electrify boats as 1st step in a grander plan Global mining giant Fortescue plans to make marine battery packs at a new factory in Detroit as a first step in scaling production for a variety of high-performance electric applications. Fortescue Zero, the London-based green tech…
Detroit rejects developers’ bids for Packard Plant site It’s back to the drawing board for the Packard Plant site. The Detroit Economic Growth Corp. did not receive any bids from developers it deemed acceptable from a request for proposals it issued this spring, so there was no developer chosen for the sprawling site near East Grand…
Pistons owner Tom Gores to buy a 27% stake in the Los Angeles Chargers EL SEGUNDO, Calif. — Detroit Pistons owner Tom Gores has agreed to purchase a 27% stake in the Los Angeles Chargers, two people with knowledge of the deal told The Associated Press. The people spoke on condition of anonymity because the…
Nuclear plant restart boosted with closing of $1.5B federal loan guarantee The U.S. Energy Department on Monday finalized a $1.5 billion loan guarantee to help Holtec International restart the Palisades nuclear power in southwest Michigan, an effort that will be bolstered by $1.3 billion in federal grants for two rural cooperatives that plan to buy…
Owning a home is a keystone of wealth… both financial affluence and emotional security.