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GM’s Electric Vehicle Makeover Reverberates Far Beyond Detroit

PYMNTS

While the wisdom and strategy can be debated, there is no arguing the fact that GM’s decision to wean itself — and the world — off of fossil fuels will have tectonic effects that will be felt far beyond Detroit, and will take along for the ride scores of ancillary businesses that keep America’s love affair with the automobile rolling.

Detroit 256
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SUVs Out, Sedans In At Detroit Auto Show

PYMNTS

But you wouldn’t know it by looking at the lineup of this year’s North American International Auto Show in Detroit. luxury market, car sales dropped year on year by 172,000 vehicles, said Bloomberg , while luxury SUV model sales grew by 99,000. Half of the 20 new models unveiled this year were sedans, station wagons and coupes.

Detroit 100
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Striking a New Chord of Career Success in Consulting

Perficient

He then moved to Detroit to help his friend open a commercial recording studio and took on a position teaching music. The Perficient team gave a presentation on an upcoming Campus Program that our Detroit office would be hosting. After he graduated, he traveled on cruise ships performing nightly entertainment for the guests.

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Quicken Loans May Be Readying IPO

PYMNTS

Recently, though, debuts from Warner Music Group, Vroom and ZoomInfo have done very well on their first days of trading, and the IPO market seems to be crawling back to life, as more companies begin to feel encouraged to take the leap to go public.

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Rocket Trims IPO By 39 Pct From $3.3B To $2B After Investors Reject Valuation

PYMNTS

The Detroit-based company is expected to market a reduced number of shares at about $18 to $20 apiece, Bloomberg reported, citing sources. Rocket Companies, the parent of mortgage lending giant Quicken Loans , reduced its terms to go public, Bloomberg reported. Last month, Gilbert sought an IPO for $3.3

Cleveland 233
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Bright Paths Students Demonstrate New Skills with Incredible Variety of Apps

Perficient

Within mere weeks, 22 women are in the final stages of completing a Perficient-sponsored coding bootcamp in Detroit; their final project includes designing their own apps, all of which serve the world in various ways and all certain to make an impact. Deepti Dhar’s Bright Paths Project: Welcome to Stock Market.

Milwaukee 348
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While Car Sales Decline, Prices Are Higher Than Ever

PYMNTS

The trajectory is similar to that of the housing market, in which the low interest rates and fewer homes available have driven up the prices, WSJ writes. The trend is one that has benefited Detroit automakers that have specialized in those vehicles for years. The pandemic has disrupted all of that.

Detroit 177