Cohda Wireless, Cisco and NXP advance Connected Vehicle Technology to the Next Level As part of the US Safety Pilot Model Deployment, the University of Michigan Transportation Research Institute (UMTRI) will launch a motorcycle study to determine how cars, trucks, buses and motorcycles interact using V2V (Vehicle-to-Vehicle) communications technology from Cohda Wireless.

Released at the Mackinac Policy Conference, this report is part of a series of studies that began in 2007 regarding the impact of the URC institutions (Michigan State University, University of Michigan, and Wayne State University) on specific sectors of the Michigan economy. Past reports have highlighted the life sciences industry, advanced manufacturing, alternative energy, and other sectors. This report focuses on entrepreneurs, who affect nearly every sector in the economy.

• Three out of four to hold off hiring during next six months • Cautious optimism revealed in aftermath of U.S. government actions • PNC forecasts moderate growth will persist in 2013 PITTSBURGH, April 4, 2013 - U.S. small and mid-sized business owners plan to delay hiring new employees or seek new loans amid cautious optimism about the economy, according to the latest findings of the PNC Economic Outlook survey. The spring findings of PNC’s biannual survey, which began in 2003, reveals about one in four are highly optimistic about their own company’s prospects during the next six months, up from 23% last fall. Nearly half expect sales to increase during the next six months - on par with the previous 46%. Their outlook has brightened about the U.S. economy during the next six months as 58% are optimistic and 41% are pessimistic in a turnaround from fall’s 42% and 57%, respectively. Regarding their local economies, 71% are optimistic and 28% are pessimistic - improved from 59% and 39% last fall. An online media kit containing national and regional survey results is available on PNC’s website at www.pnc.com/pncpresskits. The PNC Financial Services Group, Inc. (www.pnc.com) is one of the nation’s largest diversified financial services organizations providing retail and business banking; residential mortgage banking; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management and asset management. Follow @PNCNews on Twitter for breaking news and announcements from PNC.

Michigan's businesses are pumping the brakes. After showing signs of growing economic momentum in the June survey, Michigan's small to medium-sized businesses now anticipate another possible stall in the recovery

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