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Why You Should Attend The Cannabis Capital Conference In Detroit
Wednesday, August 7, 2019 - 5:12pm | 631After three incredibly successful versions of the Cannabis Capital Conference, the Benzinga events team is bringing the next iteration to our hometown of Detroit. For those who are not acquainted with the event, here is everything you need to know. When Is It? The Cannabis Capital Conference takes...
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Michigan's Recreational Marijuana Law Kicks In Dec. 6
Tuesday, November 27, 2018 - 1:53pm | 408Michigan's marijuana legalization process is falling into place after voters gave the green light in the midterm election. The law legalizing adult use is set to take effect Dec. 6. What Happened The Michigan Board of Canvassers has officially certified the results of the Nov. 6 election. This...
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Would Ford Survive Another Recession? Elon Musk Thinks That's Unlikely
Wednesday, November 7, 2018 - 9:03am | 546Elon Musk has little faith that the Big Three will emerge “big” or even “three” from the next economic downturn. By his calculations, a strong economic headwind could blow Ford Motor Company (NYSE: F) right off track. “Ford and Tesla made it barely through the last...
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Sergio Marchionne Dies At 66: How The CEO Rescued Fiat, Chrysler
Wednesday, July 25, 2018 - 12:57pm | 1201In 2009, in the midst of the global financial crisis, after Daimler washed its hands of the bankrupt Chrysler and pulled out of the DaimlerChrysler joint venture — and as Cerberus was desperately trying to peddle its struggling asset — Fiat’s fearless leader stepped...
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Church Of Scientology Reportedly Expanding Its Detroit Presence
Thursday, July 20, 2017 - 1:39pm | 343The Church of Scientology has been issued a permit to complete $8 million in work on a building it bought 10 years ago in the heart of downtown Detroit. The permit outlines renovations to both the interior and exterior at the 50,000-square-foot historic former Standard Savings & Loan Building,...
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How A California Filmmaker Won Two Emmys Living Broke In Detroit—And Came To Love The City
Friday, March 31, 2017 - 11:26am | 1075Stephen McGee and his wife are from California, but his two children are Detroit born and raised. “As we say, ‘made in Detroit,’” McGee said with a smile. McGee is an Emmy-winning filmmaker who has lived in Detroit for the past 12 years. McGee moved to Detroit in 2005 when...
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Chrysler Averts Strike, Reaches Tentative Deal With Unifor
Tuesday, October 11, 2016 - 10:53am | 373Fiat Chrysler Automobiles NV (NYSE: FCAU) reached an agreement with Unifor, the Canadian labor union that represents auto manufacturing workers across the country. According to the Detroit Free Press, Fiat will commit to investing in its assembly plant in Brampton, Ontario, and offer workers their...
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Detroit's Latest Entrepreneurial Efforts Get A Boost From WeWork, Dan Gilbert
Tuesday, September 27, 2016 - 8:27am | 415The city of Detroit, unlike almost any other in the United States, was hard hit during the 2007-2008 financial crisis. Auto related jobs were destroyed, the government was forced to raise billions of dollars of debt and the city itself was forced to file for bankruptcy. The American spirit...
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Tesla Sues Michigan State Officials In Federal Court
Thursday, September 22, 2016 - 1:45pm | 424Tesla Motors Inc (NASDAQ: TSLA) could be finding itself in the eye of a storm, as it steps on the pedal of its fight with state officials over its quest to sell its electric vehicles directly to customers. The Case Tesla, according to reports in the Detroit Free Press, has filed a lawsuit in...
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Are Biofuels Worse For The Environment Than Petrol-Based Fuels?
Tuesday, August 30, 2016 - 8:21am | 546Biofuels like ethanol or biodiesel release more carbon dioxide than petrol-based gasoline, a new University of Michigan (UM) study revealed. Contrary to popular belief, and what their name might suggest, biofuels are not so environmentally friendly after all. The key to this finding is at the...
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Tesla Under Pressure Again Following Report Of Pennsylvania Model X Autopilot Crash
Wednesday, July 6, 2016 - 9:05am | 247Shares of Tesla Motors Inc (NASDAQ: TSLA) were under heavy selling pressure on Friday after the company's autopilot feature was linked to the death of a Model S owner. On Wednesday, news reports of another accident linked to Tesla's autopilot feature surfaced. According to the Detroit Free Press,...
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16-Year-Old 'Wizard' Wins Investing Competition 2 Years In A Row
Friday, June 10, 2016 - 9:50am | 306Adnan Zavier Farkhouri, a 16-year-old student at Groves High School in Detroit, proved that he knows a thing or two about investments. Farkhouri won the Bloomfield Hills Financial Stock-to-Scholarship Challenge for the second straight year by creating a portfolio of stocks that surged 42.5 percent...
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UPDATE: Tesla's First Acquisition Riviera Tool Is Trading Up 10,000%
Thursday, May 7, 2015 - 1:07pm | 315Tesla Motors Inc (NASDAQ: TSLA) will be acquiring a Grand Rapids, Michigan-based auto parts maker, the Detroit Free Press reported on Wednesday night. Traders seems to have discovered this little-known company late Thursday morning. Riviera Tool Company (OTC: RIVT), a penny stock, was up more than...
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Detroit Free Press Reports Tesla Makes First Acquisition In Company History
Wednesday, May 6, 2015 - 9:17pm | 364Elon Musk and the state of Michigan have had a somewhat contentious history. However, the electric car revolutionary appears to be making a big move for his company in the birthplace of the automobile. The Detroit Free Press reported Wednesday evening that Tesla Motors Inc (NASDAQ: TSLA) will...
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Exclusive: Is Tesla Motors Really Paying Gigafactory Employees $25/Hour?
Tuesday, April 14, 2015 - 3:45pm | 294The Detroit Free Press on Monday discussed Tesla Motors Inc (NASDAQ: TSLA)'s plan to pay its Gigafactory employees an average wage of $25 an hour at its site in Reno, Nevada. The publication cited an earlier report by the Reno Gazette-Journal in which Mike Kazmierski, CEO of the Reno-...