Stunted growth: Outdoor equipment retailers, landscapers face parts scarcity
The COVID-19 pandemic brought record profits to Utica-based outdoor equipment retailer Weingartz Supply Co. Michiganders stuck at home during pandemic closures and work-from-home orders took up lawn care and landscaping projects.
"In March (2020) when we closed down, sales were down 70 percent,…
Automakers and analysts have been optimistic in recent weeks that the worldwide shortage of microchips would work itself out in the second half of this year. But that upbeat prediction is changing.
Many are now concluding that there is no easy path out of the mess because of the cost and…
GM idles more North American plants as chip shortage drags on
General Motors is idling more plants and extending shutdowns at other facilities in North America due to a continued shortage of semiconductor chips that are used to control myriad operations in vehicles, including the infotainment, power steering and brake systems. In an update Thursday, GM indica…
Ann Arbor tech company Movellus sees opportunity amid microchip shortage
In a wave fed by the COVID-19 pandemic, mixing soaring consumer demand for microchip-heavy goods with a vastly shrinking supply, a University of Michigan spin-out company finds itself well positioned to help alleviate some of the challenges. The ongoing microchip shortage, which has been simmering…
OPEC and allies to boost production after US calls Saudi Arabia
The Organization of the Petroleum Exporting Countries and allied producers have agreed to gradually increase their output over the next three months. The move follows a sharp increase in oil prices, and a call from the United States to keep energy affordable.
Virgin Galactic rolls out latest generation of spaceship
ALBUQUERQUE, N.M. (AP) — Virgin Galactic rolled out its newest spaceship Tuesday as the company looks to resume test flights in the coming months at its headquarters in the New Mexico desert....
Moves at federal level likely to help real estate industry rebound, local experts say
Under new President Joe Biden, residential real estate is likely to see positive trends toward first-time home buyers' incentives, updated fair-housing policies and additional moratoriums on homeowner foreclosures due to the pandemic, all efforts that national trade associations and metro Detroit…
Pfizer to break ground on new Michigan production facility
PORTAGE — Pfizer Inc. is expected to start building a new pharmaceutical production facility in West Michigan.The drugmaker will break ground Wednesday on the multistory, 420,000-square-foot building on Pfizer's global manufacturing campus in Portage, MLive.com reported.It is expected to…