Lifestyle goods resale marketplace StockX raises $110M, pushing valuation past $1B

Detroit-based StockX, which provides a way for people to resell luxury and lifestyle goods including streetwear, bags, watches and shoes, is now valued at over $1 billion based on its most recent raise of $110 million, just revealed by the New York Times. Alongside the raise, StockX is bringing on a new CEO – ecommerce […]

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Why eVTOLs could be providing regional air service sooner than you think

At Uber’s Elevate summit in Washington, DC earlier this month, researchers, industry leaders and engineers gathered to celebrate the approaching advent of on-demand air service. For Dr. Anita Sengupta, co-founder and Chief Product Office at Detroit’s Airspace Experience Technologies (abbreviated ASX), it was an event full of validation of her company’s specific approach to making […]

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Argo AI is taking its new generation of self-driving vehicles into downtown Detroit

Argo AI, the Pittsburgh-based autonomous vehicle startup that Ford invested $1 billion in 2017, has expanded its testing to downtown Detroit with a new third-generation self-driving car. Argo AI is developing the virtual driver system and high-definition maps designed for Ford’s self-driving vehicles. The third-generation self-driving vehicle is still based on a Ford Fusion Hybrid […]

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Argo AI is taking its new generation of self-driving vehicles into downtown Detroit

Argo AI, the Pittsburgh-based autonomous vehicle startup that Ford invested $1 billion in 2017, has expanded its testing to downtown Detroit with a new third-generation self-driving car. Argo AI is developing the virtual driver system and high-definition maps designed for Ford’s self-driving vehicles. The third-generation self-driving vehicle is still based on a Ford Fusion Hybrid […]

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Delane Parnell’s plan to conquer amateur esports

Most of the buzz about esports focuses on high-profile professional teams and audiences watching live streams of those professionals. What gets ignored is the entire base of amateurs wanting to compete in esports below the professional tier. This is like talking about the NBA and the value of its sponsorships and broadcast rights as if […]

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Ford will slash 7,000 salaried jobs by August

Ford Motor is laying off 7,000 salaried employees as part of CEO Jim Hackett’s restructuring plan to reduce bureaucracy, cut costs and turn the automaker into a more agile company prepared for a future that extends beyond its traditional business of producing and selling cars and trucks. The cuts represent about 10 percent of the […]

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Waymo picks Detroit factory to build self-driving cars

Waymo, the self-driving vehicle technology startup under Alphabet, is setting up shop in a Detroit factory on American Axle & Manufacturing’s campus. Waymo said Tuesday it will partner with American Axle & Manufacturing to repurpose the existing facility, which was most recently used as a sequencing center for a local parts supplier. The goal is […]

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Ford will invest $850 million to add more production capacity for EVs

Ford plans to invest more than $850 million to add more production capacity at a second U.S. factory for its next-generation battery electric vehicle program. The investment, which will be made through 2023, will focus on expanding Ford’s Flat Rock Assembly Plant in southeast Michigan. The plant investment also includes funding to build the next-generation […]

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Announcing TC Sessions: Mobility, a one day event on the future of mobility and transportation

Mobility is changing and the world with it. Technology is upending century-old establishments, creating new lifestyles and routines. Regions across the globe are trying to replicate Silicon Valley, but all the while Silicon Valley has been replicating a different innovative American city: Detroit. Countless companies have sprung up around the Bay Area focused on the […]

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VW investing $800M in Tennessee factory to make next-generation electric vehicles

Volkswagen will spend $800 million to expand a U.S. factory that will produce the automaker’s next generation of electric vehicles. The factory in Chattanooga, Tenn. will be the company’s North American base for manufacturing electric vehicles, VW CEO Dr. Herbert Diess said during a presentation at the Detroit Auto Show on Monday. The expansion is expected […]

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