UM: Business

A New York Times article, looking at whether there’s life in Detroit after the Big 3, quotes Peter Adriaens, a UM business professor who’s tracking the economic impact of new industries in metro Detroit: “What we really are talking about is R&D, pilot projects and early-stage production. There is virtually nothing we can do to keep large-scale production here.” The article also includes comments from David Cole of the Ann Arbor-based Center for Automotive Research: “You could bring a whole new industry in here, and it may replace one auto plant.” [Source]