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Forvia is planning to close its seating plant in Highland Park and lay off 511 employees in the latest round of job cuts by the automotive supplier.The company expects the permanent layoffs at 13000 Oakland Park Blvd. to be complete around Sept. 23, according to a WARN notice filed with the state,…
Southfield-based Lear Corp. is working to sell its three manufacturing plants in Russia almost a year after suspending operations due to Russia's war on Ukraine. The company is aiming to sell its assets in Russia within the first half of this year, CEO Ray Scott told Crain's in an interview…
Starfish Family Services has named Roxanne Brinkerhoff, CEO of the Detroit Institute for Children, as its new CEO.Brinkerhoff will join the Inkster-based human services and early childhood education nonprofit on Jan. 17, succeeding longtime CEO Ann Kalass.Kalass announced in May that she will…
Inflation and production volatility are squeezing the revenue, income and margins of major automotive suppliers that had been hoping for some relief by now from the financial headwinds of the past two years. Quarterly earnings reports from many of those companies out this week show that those…
Southfield-based Lear Corp. saw sales and earnings drop in the fourth quarter, but an improved full-year 2021 and a backlog about equal to the largest in company history has executives feeling cheery. The seating and e-systems supplier had net sales of $4.9 billion in the fourth quarter, down…