General Motors will invest $500 million in Lyft Inc., giving the ride-hailing startup a valuation of $5.5 billion and a major ally in the global battle against Uber Technologies Inc.
The federal Liberal government will need to find $3.5 billion more to pay for a new bridge at the bustling border crossing between Canada and the United States. Documents show Prime Minister Justin Trudeau has been warned that the cost of building the new Windsor-Detroit bridge has likely gone up by at least $2 billion, thanks to the declining value of the Canadian dollar.
Lawmakers say the recently approved federal budget package is expected to boost efforts to remove and repurpose thousands of blighted properties in Michigan cities.
Much more is highlighted in Michigan News.
