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Top News & Analysis Detroit

  • Penske nascar racing

    New questions have emerged about the state of stock car racing as both viewership numbers and admissions are seeing major declines.

  • FRANKFURT, Feb 24- General Motors has told PSA Group it would only sell licenses for the manufacture of Opel cars to the French company if it agreed not to sell them in North America, Russia or China, German magazine Der Spiegel reported. Without saying where it got the information, the magazine said under such an agreement Opel would only be allowed to sell new...

  • Those attending the Mexico's Manufacturing Supply Chain Summit said that NAFTA, the 23- year-old trade agreement between the U.S., Mexico and Canada, generates billions in trade annually but said they are convinced it will be renegotiated and not eliminated. The forum happened as Secretary of State Rex Tillerson visited Mexico amid what many consider is the...

  • SAN FRANCISCO, Feb 23- Tesla Inc Chief Elon Musk has taken big risks repeatedly since going public in 2010, but investors were spooked on Thursday after he said the electric car company could get "close to the edge" as it burns cash ahead of its crucial Model 3 launch. Facing yet another cash crunch, Tesla will likely be forced to head to Wall Street for more capital,...

  • DETROIT— A Volkswagen executive who was arrested in the U.S. before he could fly home to Germany has appeared in Detroit federal court on charges related to the company's emissions scandal. Schmidt was manager of a VW office in suburban Detroit from 2012 to 2015. He was arrested at the Miami airport on Jan. 7 after a vacation in Florida and Cuba.

  • DETROIT— Car shopping isn't just about kicking the tires anymore. It's also about testing the technology. "Spend some time in the parking lot sitting in the car and just messing with it," says Ron Montoya, senior consumer advice editor for the car shopping site Edmunds.com.

  • PARIS— The chairman of French carmaker PSA Group wants to create a "European car champion" with the potential purchase of General Motors' European car business, and pledged to work with governments and unions worried over job cuts. Speaking in Paris Thursday, Tavares said PSA's ambition to buy GM's loss-making German subsidiary Opel and its British brand...

  • TOKYO— Carlos Ghosn, who leads the Nissan-Renault-Mitsubishi alliance, is handing over the helm at Nissan to Hiroto Saikawa, a veteran Japanese executive at Nissan, but Ghosn is staying on as chairman. Besides leading the Nissan-Renault alliance, Ghosn is also chairman at scandal-ridden Japanese automaker Mitsubishi Motors Corp., in which Nissan took a...

  • TOKYO— Carlos Ghosn, who leads Nissan and Renault, has tapped Hiroto Saikawa, a veteran Japanese executive at Nissan, to replace him as chief executive at the Japanese automaker, although Ghosn will stay on as chairman. Besides leading the Nissan-Renault alliance, Ghosn is also chairman at scandal-ridden Japanese automaker Mitsubishi Motors Corp., in which...

  • DETROIT— Unable to string together profitable quarters, electric car and solar cell maker Tesla Inc. reported a loss for the last three months of 2016.. Instead, the company lost $121.3 million, or 78 cents per share, for the quarter. Revenue rose 88 percent to $2.28 billion, beating estimates of $2.22 billion.

  • Lexus and Porsche tied for the top spot, leading all brands for dependability in the survey released Wednesday by the consulting firm J.D. Power. That's four problems higher than last year and the highest number since J.D. Power changed scoring methods in 2015.. Toyota, Buick and Mercedes-Benz rounded out the top five most dependable brands, while Fiat, Jeep and...

  • *Liaoning is China's only province with shrinking economy. A new exhibition center has just opened its doors in the city, the capital of Liaoning province in northeastern China, and the skyline is dotted with cranes working on high-end shopping malls and apartments. After years of investment in infrastructure, some of it encouraged by the central government,...

  • DETROIT— When it comes to getting stuck in traffic on the way to and from work, Los Angeles leads the world. That topped second-place Moscow at 91 hours and third-place New York at 89, according to a traffic scorecard compiled by Inrix, a transportation analytics firm. San Francisco was the fourth-most congested city, while Bogota, Colombia, was fifth, Sao Paulo...

  • General Motors Chairman and CEO Mary Barra announces that Chevrolet will begin testing a fleet of Bolt autonomous vehicles in Michigan during a news conference in Detroit, Michigan, U.S., December 15, 2016.

    General Motors plans to deploy thousands of self-driving electric cars in test fleets in partnership with ride-sharing affiliate Lyft.

  • DETROIT— BMW AG is recalling more than 19,000 i3 REx plug-in hybrids in the U.S. because they could develop a fuel vapor leak that would increase the risk of a fire. BMW says a fuel tank vent line may rub against the sleeve of a battery cable. BMW will notify owners and replace the fuel vent line for free.

  • DETROIT, Feb 17- General Motors Co plans to deploy thousands of self-driving electric cars in test fleets in partnership with ride-sharing affiliate Lyft Inc, beginning in 2018, two sources familiar with the automakers plans said this week. It is expected to be the largest such test of fully autonomous vehicles by any major automaker before 2020, when several...

  • DETROIT— The United Auto Workers union is preparing an ad campaign that urges consumers to buy U.S.-made cars and trucks as it tries to tap into President Donald Trump's efforts to rebuild the country's manufacturing sector. Williams told reporters Thursday that the union wants to take advantage of what it sees as a movement in the U.S. to bring back...

  • DETROIT, Feb 16- United Auto Workers President Dennis Williams said on Thursday the union is contacting workers at Silicon Valley electric car maker Tesla Inc, and plans to boost efforts to convince U.S. consumers not to buy vehicles built in other countries, including those sold by the Detroit automakers. The UAW leader also used a meeting with reporters to...

  • DETROIT- Feb 16- United Auto Workers President Dennis Williams said on Thursday the union plans to step up its efforts to convince U.S. consumers not to buy vehicles built in other countries, including those sold by the Detroit automakers. "If it's not made in America, don't buy it," Williams said during a briefing for reporters at the union's Detroit headquarters,...

  • Feb 16- The president of the United Auto Workers union said on Thursday UAW organizers are in contact with workers at Silicon Valley electric car maker Tesla Inc, but said any formal effort to organize workers will "be determined by the interest of employees." UAW President Dennis Williams said the UAW is not paying a worker who went public with concerns about...