Wall Street Project Economic Summit

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Steering Thru the Skid

Spring comes to the Detroit metropolitan area later than most parts of the country and even though it’s almost May, a palpable chill remains in the air. Just as the region begins to thaw out from a long, cold winter, at least one if its longtime residents is emerging from a deep freeze of its own. For Southfield, Michigan-based Avis Ford Inc. (No. 14 on the be auto dealers list with $86.5 million in sales), the worst is over. In fact, in the first quarter the dealership sold 645 vehicles, the best quarter in more than five years. And with Ford vehicles gaining in market share combined with a relatively steady stream of work going through Avis’ 42 service stalls and body shop, Chairman and CEO Walter E. Douglas Sr. is cautiously optimistic about the prospects for 2010.

Social Networking for Business Intelligence

Real estate agents use social media networks like Twitter to get into the minds of home buyers and sellers, and the National Football League has used MySpace and Facebook to learn intimate details about their potential recruits. Call it “spying,” if you will, but this type of online competitive intelligence-gathering has grown right along with the popularity of MySpace, Facebook, Twitter, LinkedIn and other social networking sites.

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