Versuchen GOLD - Frei
Michigan's Bid to Be the Next Silicon Valley
Newsweek Europe
|February 17, 2023
Automakers and government are combining to make the state a hub of advanced technology

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
Diese Geschichte stammt aus der February 17, 2023-Ausgabe von Newsweek Europe.
Abonnieren Sie Magzter GOLD, um auf Tausende kuratierter Premium-Geschichten und über 9.000 Zeitschriften und Zeitungen zuzugreifen.
Sie sind bereits Abonnent? Anmelden
WEITERE GESCHICHTEN VON Newsweek Europe

Newsweek Europe
Chasing Gratitude
Ultra-runner Hunter Leininger on how he keeps smiling through blisters and sickness on his extreme adventures
6 mins
October 03, 2025

Newsweek Europe
The Motor City Comeback
Outgoing Mayor Mike Duggan tells Newsweek how Detroit rebuilt pride and prosperity after bankruptcy—and why the city's resurgence is powered by its people
6 mins
October 03, 2025

Newsweek Europe
Robin Wright
ROBIN WRIGHT KNEW THAT IN HER NEW PRIME VIDEO SHOW THE GIRL-friend—which she developed and is starring in—she would have to fight the potential for melodrama, because “it could easily go there.”
2 mins
October 03, 2025

Newsweek Europe
Killer Instinct
THE KEY TO THURSDAY MURDER CLUB STAR HELEN MIRREN'S LONG AND STILL-FLOURISHING CAREER IS STANDING BY HER CHOICESWHICH HAVE LED HER TO OSCAR-, EMMY AND TONY-WINNING SUCCESS
8 mins
October 03, 2025

Newsweek Europe
Mae Martin
FOR THEIR NEW SHOW WAYWARD, MAE MAR-tin “wanted a friendship at [its] heart.”
1 mins
October 03, 2025

Newsweek Europe
AMERICA'S MOST Admired WORKPLACES 2026
WHEN PEOPLE CONSIDER THEIR DREAM JOB, they often put companies they admire at the top of the list.
4 mins
October 03, 2025

Newsweek Europe
Tiny Lives, Mighty Care
An exclusive look inside The Hospital for Sick Children, the world's top pediatric hospital
5 mins
October 03, 2025

Newsweek Europe
WORLD'S BEST SPECIALIZED HOSPITALS 2026
SPECIALIZED HOSPITALS ARE SEEING EXPLOSIVE growth as patients search for physicians that provide advanced, targeted care.
1 min
September 26, 2025

Newsweek Europe
Monster Smash
KPop Demon Hunters' directors reveal what's next for Netflix's chart-topping film
5 mins
September 26, 2025

Newsweek Europe
Heart and Soul Food
Chef Marcus Samuelsson on removing barriers to the industry and reshaping America's tastes
5 mins
September 26, 2025
Translate
Change font size