logo
Michigan Matters: Detroit Grand Prix and Ford Fireworks lighting up the Motor City

Michigan Matters: Detroit Grand Prix and Ford Fireworks lighting up the Motor City

CBS News22-05-2025
The Motor City will be in the international spotlight yet again as the Chevrolet Detroit Grand Prix presented by Lear and Ford Fireworks returns to the streets and skies of downtown Detroit to the delight of over a million folks who will be on hand for the two signature events.
Bud Denker, president of Penske Corp. and chairman of the Detroit Grand Prix (held May 30 through June 1), appears on Michigan Matters along with Tony Michaels, president and CEO of The Parade Company, which stages the Ford Fireworks on Monday, June 23, to talk about the two events.
Denker talked about changes for the upcoming race, which also includes more for the community to enjoy during race days at no charge, including being allowed to walk on the race track to see collectible cars in a program staged with the Detroit Auto Dealers Association. There are also concerts planned for Saturday night, for which tickets are being sold.
Bud Denker and Tony Michaels on the set of Michigan Matters.
Tim Lawlis/CBS Detroit
Michaels talked about the process of putting on the fireworks, from the choice of music to the types of fireworks lighting up the skies. And he talked about efforts to build a new headquarters for The Parade Company, which also stages America's Thanksgiving Parade presented by Gardner White.
(Watch Michigan Matters at its new time: 5:30 a.m. Sundays on CBS Detroit, 9:30 a.m. Sundays on CW Detroit 50 WKBD).
(Carol Cain is the 13-time Emmy-winning senior producer and host of Michigan).
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

VW's Audi cuts full-year outlook, citing tariffs and restructuring
VW's Audi cuts full-year outlook, citing tariffs and restructuring

Yahoo

time23 minutes ago

  • Yahoo

VW's Audi cuts full-year outlook, citing tariffs and restructuring

(Reuters) -Volkswagen's premium brand Audi on Monday cut its its full-year guidance, citing the impact of higher U.S. import tariffs and restructuring expenses. The company now expects revenue between 65 billion euros ($76 billion) and 70 billion euros, down from a previous range of 67.5 billion to 72.5 billion, and an operating margin between 5 and 7%, down from a previous range of 7 to 9%. Audi said it is still assessing the implications of the recently concluded tariff agreement between Washington and the European Union. ($1 = 0.8535 euros)

Audi Cuts Earnings Outlook With US Auto Tariffs Here to Stay
Audi Cuts Earnings Outlook With US Auto Tariffs Here to Stay

Bloomberg

time25 minutes ago

  • Bloomberg

Audi Cuts Earnings Outlook With US Auto Tariffs Here to Stay

Volkswagen AG 's Audi lowered its financial outlook for 2025 as President Donald Trump's tariffs and the costs of restructuring its operations weigh on the automaker's earnings. The Audi group — which also includes Bentley, Lamborghini and motorcycle maker Ducati — now expects an operating return on sales of 5% to 7% this year, from a previous expectation of 7% to 9% after its first-half profitability slumped due to the duties. Parent Volkswagen cut its full-year guidance last week.

VW's Audi cuts full-year outlook, citing tariffs and restructuring
VW's Audi cuts full-year outlook, citing tariffs and restructuring

Yahoo

time40 minutes ago

  • Yahoo

VW's Audi cuts full-year outlook, citing tariffs and restructuring

(Reuters) -Volkswagen's premium brand Audi on Monday cut its its full-year guidance, citing the impact of higher U.S. import tariffs and restructuring expenses. The company now expects revenue between 65 billion euros ($76 billion) and 70 billion euros, down from a previous range of 67.5 billion to 72.5 billion, and an operating margin between 5 and 7%, down from a previous range of 7 to 9%. Audi said it is still assessing the implications of the recently concluded tariff agreement between Washington and the European Union. ($1 = 0.8535 euros) Sign in to access your portfolio

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store