NuStep Inc. is not a big company. Based in Ann Arbor, MI, the exercise equipment manufacturer employs 80 people and tallied $24 million in sales in 2010.
DETROIT—The global market for automobile sensors is expected to increase at a compound annual growth rate of 7.7 percent, reaching $22.1 billion by 2017.
DETROIT—North American sales of microelectric vehicles could reach 118,000 units by 2017, according a new report. Frost & Sullivan’s report predicts that sales could expand at a compound annual growth rate of 39 percent between 2010 and 2017.
MONROEVILLE, PA—Electric motor manufacturer American Mitsuba will invest $8.3 million to expand its logistics center here. The expansion will create 25 new jobs.
TORONTO—Two of Canada’s most prominent unions—the Canadian Auto Workers and the Communications, Energy and Paperworkers union—are holding merger talks in what could become the biggest consolidation in Canadian labor history.