Signature Associates

Posted By: DBUSINESS on March 8, 2023.  For more information, please click here to read the source article.   Ancor Automotive, a Tier 1 automotive supplier of data management and VIN-specific label solutions, announced its plans to open a software innovation hub this May in a 2,000-square-foot space within its current global headquarters at 2360 Bellingham Dr. in […]

Posted By: The Toledo Blade on March 12, 2023.  For more information, please click here to read the source article.   Dana Inc., a longtime maker of axles and drivelines for light to heavy-duty trucks, is investing aggressively for an electrified future. The company’s three-building, advanced technical complex and headquarters in Maumee employs about 950 people, the vast […]

Posted By: The Detroit News on February 13, 2023.  For more information, please click here to read the source article. With a single multi-billion-dollar battery investment, Ford Motor Co. is signaling that Michigan will play a central role in the Dearborn automaker’s bid to secure its electric-vehicle supply chain and ramp up EV production. The Blue Oval confirmed […]

Posted By: DBUSINESS on February 7, 2023.  For more information, please click here to read the source article. Out Of Office Garage (OOOG), a new country club in Birmingham, has opened a members-only auto enthusiast club located at 2400 Cole St. “Our car community has been asking for a club like this for years, so we put our […]

Posted By: The Lakeshore West Michigan on February 12, 2023.  For more information, please click here to read the source article. Ottawa County’s largest employer is expanding into Kent County. Gentex Corporation has announced plans for a new satellite production facility that will bring 50 new jobs to the Madison Square neighborhood of Grand Rapids. By broadening its […]

Posted By: DBUSINESS on January 23, 2023.  For more information, please click here to read the source article. Cepton Inc., a Silicon Valley provider of high performance lidar solutions with a Center of Excellence in Troy, has completed its previously announced $100 million investment from its long-term automotive Tier 1 partner and current shareholder Koito Manufacturing Co. Ltd. […]

Posted By: CoStar on November 18, 2022.  For more information, please click here to read the source article.   Two entrepreneurs from Australia picked Austin, Texas, to open their first U.S. commercial condominium project where tenants own their office or storage space, and plans are in the works to expand the concept into multiple cities across the country […]

Posted By: The Detroit News on November 4, 2022.  For more information, please click here to read the source article.   Tesla Inc. has received approval from the City of Southfield to move forward with expanding a building for a research and development and repair facility for electric vehicles. The city recently updated its zoning ordinance to allow […]

Posted By: DBUSINESS on October 21, 2022.  For more information, please click here to read the source article. Jason Stough of Signature Associates was proud to be a part of this deal.   RoboSense, a provider of smart LiDAR sensor systems based in Shenzhen, China, today announced the opening of its North American headquarters at 46057 Five Mile […]

Posted By: The Detroit News on October 25, 2022.  For more information, please click here to read the source article. John Boyd and Gary Stephens of Signature Associates are proud to have been a part of this deal.   Via Motors, an electric vehicle manufacturer, is considering relocating its headquarters from Utah to Auburn Hills to grow its […]

Posted By: DBUSINESS on October 26, 2022.  For more information, please click here to read the source article.   The Michigan Economic Development Corp. (MEDC) in Lansing announced Michigan Strategic Fund (MSF) approval of a wide range of new projects, that, in total, could create 1,869 jobs and generate more than $550 million in investment in the state. […]

Posted By: DBUSINESS on October 5, 2022.  For more information, please click here to read the source article. Signature Associates’ Gary Stephens is proud to have been a part of this deal.   FLO, a North American electric vehicle (EV) charging company based in Quebec, Canada, cut the ribbon on its first U.S. facility located in Auburn Hills […]

Posted By: The Detroit News on October 12, 2022.  For more information, please click here to read the source article.   Detroit Mayor Mike Duggan said Wednesday the city is “about to land” a 500-job auto parts plant on the site of the former American Motors Corp. headquarters site on Plymouth Road on Detroit’s west side. “We are […]

Posted By: Toledo Blade on October 11, 2022.  For more information, please click here to read the source article.   Honda is staying home in Ohio with a new $4.2 billion investment for EV production and a giant, joint venture battery plant in Fayette County, 40 miles southwest of Columbus, the company announced today. The announcement in Columbus […]

Posted By: DBUSINESS on September 27, 2022.  For more information, please click here to read the source article.   M1 Concourse, an 87-acre motorsports community and entertainment facility in Pontiac, and Rochester Hills-based Prefix Corp., have agreed on a strategic partnership to create a new Service Center for the property, while providing private garage owners with a variety […]

Posted By: The Detroit News on September 15, 2022.  For more information, please click here to read the source article.   As the North American International Auto Show makes its return to Detroit this week for the first time in more than three years, hotels, restaurants and retailers in the city’s central business district say they’re ready and […]

Posted By: dbusiness on August 23, 2022.  For more information, please click here to read the source article.   SEMA Garage, a new 45,000-square-foot facility for the automotive aftermarket industry and the first-ever research facility dedicated to testing and understanding how the aftermarket is impacted and can successfully work with Advanced Driver Assistance Systems (ADAS), has opened in […]

Michigan officials have increased their focus on a 1,700-acre “megasite” in the Marshall area as the state pursues large and yet-to-be-named economic development projects, according to interviews and records obtained through the Freedom of Information Act. The effort to lure companies to the site, which is near the interchange of Interstate 94 and Interstate 69, […]

The former Courtland Racquetball Club in Shelby Township is expected to be razed to make way for a new Porsche dealership. Township staff said the new dealership would be about 23,000 square feet on the east side of Mound Road and north of Hall Road/M-59. Construction could start as soon as late May or early […]

A new factory to supply battery materials to electric vehicles will be built in Warren, creating jobs that will pay an average of $40 an hour. Graphex Technologies and Emerald Energy Solutions said Tuesday they will build a 150,000 square-foot graphite processing facility at Emerald Business Park on Hoover Road near 8 Mile Road and Groesbeck Highway. The facility, which will cost $50 […]

More than 12 years after General Motors closed its 36th Street stamping plant in Wyoming, the site has a new owner with an eye on redevelopment. Franklin Partners LLC announced Thursday that it has bought the property now known as Site 36 after gaining approval from the Wyoming Brownfield Redevelopment Authority. Wyoming City Manager Curtis […]

Bedrock announced Tuesday that LM Manufacturing, a joint venture between Magna and LAN Manufacturing, will lease 296,000 square feet of manufacturing space on its Sakthi Industrial Campus to produce automotive seating. The project is expected to create 390 jobs. Bedrock said Tuesday the lease is its first major industrial development and highlights the ongoing demand for […]

General Motors Co. and battery maker LG Energy Solution won tax incentives exceeding $824 million for up to $7 billion in new capital investment expanding GM’s EV and battery production in Michigan. The incentives include a first-of-its-kind $600 million direct taxpayer grant from the state of Michigan for GM and its partner that will subsidize the […]

The Eastland Center site in Harper Woods is one step closer to a $94 million redevelopment after Michigan Economic Development Corp.’s Michigan Strategic Fund board approved Tuesday tax incentives for the project. The $4.7 million in brownfield tax credits were granted to Missouri-based NorthPoint Development, which plans to build three commercial light industrial buildings totaling […]

A developer growing its industrial presence in Detroit plans to demolish the former American Motors Corp. headquarters site for a new development, likely for an automotive supplier, officials said.  Detroit Mayor Mike Duggan and other officials announced the $66 million redevelopment Thursday morning at the 2-million-square-foot abandoned AMC campus.  AMC took its headquarters to Southfield […]

Michigan’s economy is expected to fully recover by the end of 2023, with job growth and personal incomes set to increase in that time, according to a University of Michigan forecast released Friday. However, high inflation will continue to cut into purchasing power, the economists said, with real disposable income, which factors in taxes and rising […]

A supply chain management company and an automotive supplier are planning to invest $23 million in Genesee County and create 424 jobs to fulfill contracts with their OEM customers. Flint-based logistics and packaging company NorthGate expects to bring 374 jobs to Burton, while Sterling Heights-based DAG Technology Inc. said it will add 50 jobs in […]

A racecar-loving father-and-son business duo are moving forward with an ambitious plan to bring a multimillion-dollar automotive country club and garage development to a 270-acre site owned by the city of Howell. The project, Motorsports Gateway, calls for 67 private garage suite units along a 2.2-mile, European-inspired road course geared toward local car enthusiasts, said […]

Cooper-Standard Automotive Inc.’s new Northville headquarters building has sold for $42 million to a New York City-based buyer. Northville Township public records list REIS-Northville LLC, registered to David Schostak of Livonia-based developer and landlord Schostak Bros. & Co., as the seller of the building at 40300 Traditions last month and Hamilton Northville LLC, which has […]

Faurecia, a global automotive technology supplier with its North American headquarters in Auburn Hills, and Hella KGaA Hueck & Co., an enterprise with a similar focus on automotive technology innovation based in Germany, have announced the combination of the two companies creating the seventh largest global automotive supplier. “This combination is a unique opportunity to […]

Auto supplier Lear Corp. said Friday that it plans to set up a seat manufacturing operation with “hundreds” of new jobs at the location of the former Cadillac Stamping Plant on Detroit’s east side. The Southfield-based supplier would presumably be a tenant in the new $48 million, 684,000-square-foot manufacturing center that is planned for the 43-acre site at 9501 Conner St. The center is […]

Ford Motor Co. on Tuesday said its Ion Park battery lab, first revealed in April, will be based in Romulus at an existing facility. The automaker on Tuesday received approval from the Michigan Strategic Fund to transfer an existing Renaissance Zone that had been utilized by A123 Systems Inc. to help establish the 200,000-square-foot facility, which Ford […]

Flex-N-Gate Group plans to invest $52 million and add 245 new jobs in Troy, where it is building out a new 205,000-square-foot plant. The Illinois-based tier one auto supplier will produce sequenced plastic fascias and welded underbody rear rails in the former AxleTech plant at 1400 Rochester Road, according to a Thursday news release from […]

Matsu Ohio, a parts supplier that makes seat panels, door panels, and a variety of other metal products for the auto industry, will make a $4.5 million investment to expand its Williams County operations, adding 104 new jobs. The company said its investment in new machinery and equipment will help it take on more business […]

Less than a month ago, the city of Toledo formally took title to a parcel of land at 1110 Hastings Ave. — the final piece in its long-sought acquisition of the former Champion Spark Plug plant on Upton Avenue. The Champion property has been vacant and undeveloped for more than 20 years. The acquisition, however, […]

Magna International Inc.’s new seating division headquarters in Novi sold last month for a pandemic-era high price for a single office building in Metro Detroit during the COVID-19 pandemic. The 180,000-square-foot building sold to Norfolk, Va.-based Harbor Group International LLC for $58 million, or $322.22 per square foot, according to CoStar Group Inc., a Washington, […]

Lithia Motors Inc. is poised to acquire Troy-based Suburban Collection, one of the nation’s biggest privately owned dealership groups and the largest in metro Detroit, according to a source familiar with the matter. The deal, giving Lithia a key foothold in the Midwest, could be announced as early as this week, according to the source. The […]

Detroit-based General Motors Co. has announced it will invest $75 million in its Toledo transmission manufacturing plant. Work on the upgrades is now underway. The investment will increase the plant’s capacity to build 10-speed automatic transmissions that are used in GM’s full-size truck products including the Chevrolet Silverado and GMC Sierra. “Through this investment, we […]

Electric vehicle startup Lordstown Motors Corp. is creating an automotive R&D center in Farmington Hills with support from the Michigan Strategic Fund, the Michigan Economic Development Corporation said Tuesday. The center will have offices, space for vehicle inspection and benchmarking, and labs for testing, validation and prototyping. The project comes with $3.6 million in private investment and […]

General Motors announced plans Monday to invest $71 million into a pair of northwest Ohio manufacturing plants to retain jobs, while also paying back millions in tax credits for jobs it failed to keep elsewhere in the state. The Toledo GM Powertrain plant will receive $39 million to upgrade and enhance the production of the […]

A plan to move Volkswagen of America Inc. from Auburn Hills to Southfield has been scrapped, according to sources familiar with the matter. Prior to the COVID-19 pandemic, Friedman Real Estate had been nearing a deal to move the German automaker to the Galleria Officentre property the Farmington Hills-based company owns near 12 Mile and Telegraph roads and build […]

Robert Bollinger is aiming to break the jinx of 14925 W. 11 Mile Road in the Detroit suburb of Oak Park. The 36,600-square-foot building, constructed in 1996 and located about 3 miles north of Detroit’s northern city limits, is no stranger to pickups, electric vehicles and other automotive ventures. But nothing that has emerged from […]

The M1 Concourse in Pontiac will break ground on a 28,500-square-foot Event Center and Restaurant facility, slated to be completed in September 2021. The project will break ground at a private ceremony on Sept. 1, and the completed building will be located immediately adjacent to the Champion Motor Speedway along Pit Lane. The center will […]

Michigan manufacturers return to work Monday. But how many employees come back remains a question as demand is still likely muted and Michigan’s manufacturing sector plays a smaller role in the state’s economy. Gov. Gretchen Whitmer announced May 7 that manufacturers could resume operations on May 11, catering to auto industry demands that would facilitate automakers starting […]

The Silicon Valley automaker has opened its first service center in Michigan since the state overturned its ban on Tesla sales and service in January. The Tesla service center is located off Interstate 75 on Dixie Highway just west of downtown Clarkston in a former Chrysler-Jeep dealership. Tesla’s raised profile in Michigan comes at a time when the […]

Delphi Automotive, the former parts division of General Motors, spun off its powertrain operations more than two years ago. The remaining business was called Aptiv, with a mission to focus on self-driving and connected vehicle technology. It was seen as a sign of things to come. Now, a new chapter is being written for the powertrain […]

General Motors Co. in Detroit today announced a $2.2 billion investment in its Detroit-Hamtramck assembly plant to produce all-electric trucks and SUVs. The plant will be the company’s first fully dedicated electric vehicle assembly plant. Renovations are expected to begin at the end of February. GM’s first all-electric truck will be a pickup with production […]

Grand Rapids was ranked third among large cities where manufacturing is “thriving,” according to a new study. AdvisorSmith, a financial services advisory startup based in New York, ranked Grand Rapids at No. 3 over other large cities such as Hartford, Connecticut; Greenville, South Carolina; Detroit; and San Francisco. According to the report, manufacturing output per […]

General Motors wants to build a new battery factory in Lordstown, Ohio, right next door to its former car assembly plant that it shuttered and sold last year. The automaker said it has a purchase agreement to buy a 158-acre vacant site in Trumbull County, Ohio. It is land GM once owned, but surrendered during its 2009 bankruptcy. GM is also in discussions with Village […]

General Motors Co. and LG Chem will invest $2.3 billion in northeast Ohio to build a battery-cell manufacturing plant, the companies announced Thursday. The joint venture in the area of the former GM Lordstown Assembly plant will break ground in mid-2020. More than 1,100 new jobs will be created through the investment in the region that was rattled when […]

General Motors Co. confirmed Thursday it has sold its shuttered Lordstown Assembly plant in Ohio to a start-up that has an ambitious plan to begin building electric pickup trucks by the end of 2020. Lordstown Motors Corp., which is 10 percent owned by Workhorse Group Inc., has retained Ohio investment bank Brown Gibbons Lang & […]

Officials say auto parts maker Faurecia is planning to invest $10.7 million and create 500 jobs in the Detroit enclave of Highland Park. The planned investment was announced Tuesday as the Michigan Economic Development Corp. said the company is expected to get a $2 million Michigan Business Development Program performance-based grant. Plans call for workers […]

Automotive supplier GHSP is expanding and moving its headquarters and engineering laboratory to the Holland Technical Center, MiBizhas learned. The company, a division of Grand Haven-based JSJ Corp., has leased 120,000 square feet of office space and 35,000 square feet of lab space at the facility located at South Waverly Road and East 32nd Street. The move nearly […]

An Indian automaker is poised to breathe new automotive life — and at least 2,000 jobs — into Flint’s iconic Buick City site. Mahindra Automotive North America Inc., maker of the Roxor off-road vehicle and a finalist to build the U.S. Postal Service’s next-generation delivery truck, has signed a non-binding letter of intent to acquire the 364-acre site from the trust charged with cleaning […]

An automotive supplier that builds interior components, suspensions and grilles for major automakers is planning to open a 600,000-square-foot factory on the site of the vacant Kettering High School on Detroit’s east side, three miles from where Fiat Chrysler Automobiles plans to build the city’s first new automotive plant in nearly three decades. Michigan-based supplier […]

HELLA, an automotive lighting and electronics company based in Germany, has opened its new U.S. headquarters in Northville Township, replacing its previous U.S. headquarters of more than 20 years in Plymouth Township, as well as two local satellite offices. The two-level facility is nearly 140,000 square feet and has an accredited in-house test lab that […]

General Motors will invest $150 million in equipment at its Flint truck plant to rev up production of its new Chevy Silverado and other vehicles. GM President Mark Reuss made the announcement at a news conference at Flint Assembly on Wednesday, June 12, the automaker’s second major expansion of its full-size pickup production capacity this […]

An Italian automotive supplier plans to build a new manufacturing plant in Detroit. Tiberina Group, a supplier of body-in-white and metal stampings for the auto industry, acquired 10 acres of land at the former American Axle & Manufacturing Holdings site on Holbrook Drive on the city’s border with Hamtramck. Tiberina purchased the land from Cleveland-based […]

General Motors’ plans to sell its shuttered factory in Lordstown, Ohio, to a company that builds electric trucks also include investing big bucks in several other Ohio cities, including Toledo. President Trump announced the deal with a company named Workhorse on Twitter on Wednesday morning. He also wrote that GM plans to spend $700 million at three locations […]

A German auto supplier is expanding its operations in Michigan with a new manufacturing facility in Plymouth Township. The Michigan Economic Development Corp.’s governing body approved Tuesday a $2.7 million performance-based grant to Webasto Roof Systems Inc., a subsidiary of the Webasto Group, a sunroof, convertible top and heating systems manufacturer. The company plans to invest nearly $48 million […]

Google’s self-driving affiliate Waymo LLC will repurpose a former American Axle plant in the city to install fully autonomous vehicle hardware and software into cars, the Alphabet Inc. subsidiary said Tuesday. The move is another signal that next-generation auto manufacturing is continuing to grow in Michigan — and that Detroit possesses the knowledge and the capabilities valued in an auto industry likely to […]

City officials have just 60 days to acquire 200 acres of land and secure City Council approval to pave the way for Fiat Chrysler Automobiles NV to open Detroit’s first new assembly plant in nearly three decades. The automaker confirmed plans Tuesday to revive a previously idled engine plant on the city’s east side as part of a $4.5 […]

General Motors Co.’s engine plant in Romulus is the latest to get a multi-million-dollar cash injection. The automaker said Tuesday it would spend $20 million at its GM Propulsion plant on Ecorse Road to buy new machines to increase production of 10-speed transmissions. It comes a day after GM Chairman and CEO Mary Barra stopped at the company’s […]

Fiat Chrysler Automobiles’ Magneti Marelli components business plans to invest $12.6 million and create 106 new jobs in Oakland County. As a result of the planned investment, the Michigan Strategic Fund board approved an almost $1.6-million Michigan Business Development Program grant this week for the company. “The company is hiring new employees, constructing new labs […]