For years u.s. automakers have been putting lots of money into developing digital technology, ranging from drivetrains and batteries for electric vehicles to a broad range of hardware and software connecting cars to the internet and to make them self-driving. Increasingly that money is being invested close to U.S. automakers ancestral home. Ford Motor Company, General Motors (GM) and Stellantis, the multinational whose 14 brands include Chrysler and Jeep, have all funded mobility and software engineering projects in Michigan lately.
Silicon Valley has notice d .Christ ian D. Malesic, president/CEO of the Silicon Valley Central Chamber of Commerce, says “We’re still number one in angel investors.... But I can also see the tech industry of Michigan expanding, especially as the car and computer start to blend even more.”
Previously, a lot of Detroit money had gone to Silicon Valley and other traditional tech hubs. Ford’s Palo Alto-based Greenfield Labs, for example, was established in 2016 to collaborate with local startups and help them bring their auto-related ideas closer to production. In 2017, Ford invested $1 billion in Pittsburgh-based autonomous driving company Argo AI, alongside investments from Volkswagen and ride share company Lyft. (Last year, Argo AI shut down, with Ford and VW absorbing its tech and employees).
Recently Ford has turned its funding attention to Michigan with major investments in the downtown Detroit area, focusing on building a creative and technological base of operations near its home in Dearborn. The com
pany spent $90 million buying the Michigan Central Station in the Corktown neighborhood of Detroit in 2018 with plans to turn it into a hub of mobility, automation and electrifica
Esta historia es de la edición February 17, 2023 de Newsweek Europe.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición February 17, 2023 de Newsweek Europe.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Julia Stiles
“What’s funny is that I did everything as a director that I swore I would never do to my actors.”
'A Clarion Call to Service'
Former ambassador to China heralds Jimmy Carter’s ‘exceptional dedication to humanity and world peace’
Marianne Jean-Baptiste
\"I'm not too worried about her not being likable.\"
AMERICA'S BEST - REGIONAL BANKS & CREDIT UNIONS 2025
REGIONAL BANKS AND CREDIT UNIONS ARE the financial backbone of communities nationwide.
'These Were Courageous Leaders'
Martin Luther King Jr.'s daughter Bernice tells Newsweek how her family aligned with the Carters in the fight for civil rights
THE GOLDEN AGE OF GENETIC SEQUENCING
How Genes Are Mapping the Way to Cancer Cures
How the Other Half Live
Patricia Arquette returns for season 2 of Severance. Free from the corporation, she reveals her character's struggle with her newfound independence
An Iron Dome for America
Donald Trump has promised to build a missile defense system to protect the continental U.S. from a nuclear strike. A new report lays out how it might look
Mystery of Ginger Cat Is out of the Bag
The genetics behind the vibrant orange color in feline coats is finally confirmed after 112 years
Paris Hilton & Nicole Richie
PARIS HILTON AND NICOLE RICHIE ARE READY TO BRING A LITTLE “SANASA” to the world with Peacock's Paris & Nicole: The Encore, their first project together since their reality show The Simple Life ended in 2007. What's “sanasa”? It's a song and phrase the longtime friends created as kids and popularized on The Simple Life. The show, a cultural phenomenon in the early days of reality TV, followed them over a series of blue-collar jobs. Now they're bringing it back as an opera. “I know this is just going to make people laugh, have fun, be nostalgic and just celebrate our friendship,” Hilton said. While Richie acknowledged “you can't do Simple Life again,” she said now “felt like the right time.” The famous pair also revisit some old jobs in Arkansas, like fast-food chain Sonic, where they now have drinks named for them. “I think that there is a part of our friend- ship that the show ended up showing that people connect to,” Richie said. As for this new special, Hilton is glad to do something positive for their fans. “It's been such a crazy past couple years, and I just feel like the world needs more joy.”
