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Quicken Loans IPO would richly value Detroit company — if it happens

Quicken Loans IPO would richly value Detroit company — if it happens

The Detroit News An initial public offering of Quicken Loans Inc., the largest mortgage lender in the United States, could value the Detroit-based company in the tens of billions of dollars, according to experts and a published report — if the company pushes ahead with the transaction.The possibility comes just a year after billionaire Dan Gilbert, the company's founder and owner, was hospitalized from a stroke. The private company could turn public as early as next month, says a , and possibly be one of the largest IPOs so far this year.The company "is continuously...

June 11, 2020
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Automakers prep new safety measures for workers' Monday return

Automakers prep new safety measures for workers' Monday return

The Detroit News Ypsilanti — After idling for nearly eight weeks, assembly plants of Detroit's three automakers will begin building vehicles again Monday. But how quickly they can increase production will depend on consumer demand, their supply bases and the trajectory of coronavirus infections.Resuming production is the next step in the restart of the auto industry that accounts for hundreds of thousands of U.S. jobs and nearly 4% of the national economy — amid a global viral pandemic the likes of which most of the world hasn't seen since the Spanish flu of 1918."This is the most...

May 14, 2020
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