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Tag: Troy

Auto Suppliers / Sustainability

Meritor publishes 2021 sustainability report

TROY–Meritor Inc. (NYSE: MTOR) announced that it has published its 2021 Sustainability Report,which is now available on the company’s website at meritor.com. Highlights from this year’s report include the following: …

Foundations / Higher Education

Kresge Foundation awards $2.5M to study ‘free’ community college

TROY–The Kresge Foundation’s Education Program has announced 11 grants totaling $2.5 million to programs helping to shape free college across the country. CoPro 2.0, short for College Promise, funds research …

Auto Suppliers / Earnings

Meritor quarterly net jumps

TROY–The transportation supplier Meritor Inc. (NYSE: MTOR) posted net income of $62 million or 87 cents a share in the quarter ended Sept. 30, up from $1 million or 1 …

Auto Suppliers / Earnings / Manufacturing

Meritor quarterly earnings, sales jump

TROY—Meritor Inc. (NYSE: MTOR) reported net income of $42 million or 58 cents a share in its third fiscal quarter, which ended June 30. That’s up from a loss of …

Electric Vehicles

Troy EV maker gets supply deal with Chinese firm

TROY—Officials at the Troy-based electric vehicle maker Electric Last Mile Solutions Inc. (NASDAQ: ELMS) announced that the company has signed a binding, long-term supply agreement with Liuzhou Wuling Automobile Industry …

Acquisitions / Auto Industry

J.D. Power buys auto finance and insurance software developer

TROY–Officials at the Troy data analytics and consumer intelligence provider J.D. Power announced the company had acquired Edison, N.J.-based Superior Integrated Solutions Inc., a developer of finance and insurance software …

Business Accelerators / Industry 4.0

Automation Alley I4.0 Accelerator invests in workplace safety app

TROY—The Automation Alley Industry 4.0 Accelerator has made a $110,000 investment in Detroit-based Andonix, creators of the Safely Pass app to give organizations digital tools to monitor workplace safety and …

Connected Vehicles / Electric Vehicles

Troy EV company in partnership with telematics, data firm

TROY—Electric Last Mile Inc., a Troy-based commercial electric vehicle company focused on last-mile delivery systems, announced a partnership with Oakville, Ontario-based Geotab Inc. to develop a factory-installed connectivity system that …

Health Care / Higher Education

Oakland U, Beaumont extend med school pact

ROCHESTER–Oakland University and William Beaumont Hospitals have extended their affiliation agreement through 2041. This clears the way for Oakland University William Beaumont School of Medicine medical students to continue training …

Coronavirus

Troy company offers easy visitor log system for restaurants

TROY– Progressive Drug and Notification System Inc. has added a feature called Visitor Log Mode to its Test Alerts system that company officials say allows restaurants and other businesses required …

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