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Top News & Analysis Detroit

  • DETROIT— Japanese air bag maker Takata Corp. is expected to file for bankruptcy protection in Japan and the U.S. on Monday, having been dragged into financial trouble by millions of faulty air bag inflators that can kill or injure people. Takata's assets are expected to be sold for $1.6 billion to a rival company, Key Safety Systems, and part of Takata will remain...

  • DETROIT— Drowning in a sea of lawsuits and recall costs, Japanese air bag maker Takata Corp. is expected to seek bankruptcy protection in Tokyo and the United States early Monday. Rival Key Safety Systems, based in suburban Detroit, will buy most of Takata's assets for $1.6 billion and take over its manufacturing operations to make seat belts, air bags and other...

  • NEW YORK, June 23- General Motors Co has agreed to settle federal lawsuits by as many as 203 plaintiffs over defective ignition switches in its vehicles, a Friday court filing shows. Settlement terms are confidential, but the accord could also resolve hundreds of state court claims, as well, lawyers for the automaker said in the filing in Manhattan federal court.

  • DETROIT— Honda is going public in an effort to debunk claims by lawyers that it knew about the hazards of exploding Takata air bag inflators nearly two decades ago but covered them up. The automaker issued a statement Friday that outlines its defense against claims that Honda should compensate car owners because the use of Takata air bags caused their vehicles...

  • MEXICO CITY, June 23- A second U-turn this year by Ford Motor Co in Mexico has raised the specter of Chinese competition for local carmaking, adding to pressure on the industry after repeated threats by U.S. Ford announced on Tuesday it would move some production of its Focus small car to China instead of Mexico, a step that follows the U.S. automaker's January...

  • DETROIT— Detroit says the sale of city-owned properties as part of plans for new bridge connecting the U.S. and Canada will bring in $48 million. Detroit plans to use the money for neighborhood redevelopment, job training and health monitoring for Detroit residents. The mayor's office says $33 million will go to a neighborhood improvement fund to assist more...

  • MEXICO CITY, June 23- A second U-turn this year by Ford Motor Co in Mexico has raised the specter of Chinese competition for local carmaking, adding to pressure on the industry after repeated threats by U.S. Ford announced on Tuesday it would move some production of its Focus small car to China instead of Mexico, a step that follows the U.S. automaker's January...

  • BEIJING/ DETROIT, June 22- Tesla Inc took a step closer toward establishing an electric vehicle manufacturing plant in China with its announcement on Thursday that it is in exploratory talks with the Shanghai municipal government. Tesla has said it wants to build electric cars in China to avoid a 25- percent tariff on imported vehicles. The company did not...

  • DETROIT— General Motors Co. is no longer under government supervision stemming from its defective ignition switches. GM agreed to a three-year consent order in 2014 that required regular discussions with government regulators about recalls and other safety issues. GM said it has proposed continuing monthly meetings with the National Highway Traffic...

  • DETROIT— Britax Child Safety is recalling over 207,000 rear-facing infant car seats because part of a clip can break and cause a choking hazard. The recall affects B-Safe 35, B-Safe 35 Elite and BOB B-Safe 35 seats made from Nov. 1, 2015 to May 31, 2017. Britax says in government documents that parts were found in the mouths of three children but no choking injuries...

  • DETROIT— Tesla is talking to the city of Shanghai about opening a factory there to serve the Chinese market. Tesla's revenue from China tripled to more than $1 billion last year, or 15 percent of total revenue. Tesla Inc. currently has one vehicle assembly plant in California, but CEO Elon Musk said earlier this month that plant is "bursting at the seams."

  • June 22- Tesla Inc took a step closer toward establishing an electric vehicle manufacturing plant in China with its announcement on Thursday that it is in exploratory talks with the Shanghai municipal government. Tesla has said it wants to build electric cars in China to avoid a 25- percent tariff on imported vehicles. The company did not provide a timeline for...

  • June 22- Tesla Inc is exploring the possibility of establishing a Chinese manufacturing plant with the Shanghai municipal government, the U.S. electric carmaker said on Thursday in a statement. Tesla has said it wants to build electric cars in China to avoid a 25- percent tariff on imported vehicles. Tesla said it expects to "more clearly define" its China...

  • June 22- Tesla Inc is exploring the possibility of establishing a Chinese manufacturing plant with the Shanghai municipal government, the U.S. electric carmaker said on Thursday in a statement.

  • DETROIT— Uber seeks a strong manager who can repair a broken image, juggle multiple lawsuits and government investigations, develop and nurture a new corporate culture and lead a successful IPO. At least two prominent female executives have already taken their names out of the running: Facebook's Chief Operating Officer Sheryl Sandberg and Arianna...

  • DETROIT— Uber seeks a strong manager who can repair a broken image, juggle multiple lawsuits and government investigations, develop and nurture a new corporate culture and lead a successful IPO. At least two prominent female executives have already taken their names out of the running: Facebook's Chief Operating Officer Sheryl Sandberg and Arianna...

  • Martha Stewart

    Alibaba CEO Jack Ma, along with Martha Stewart, was at the Gateway '17 conference in Detroit.

  • Genesis— a luxury brand owned by Hyundai Motor Co.— was second in J.D. Power's annual initial quality survey. This marks the first time in the survey's 30- year history that two Korean brands have topped the list, a spokesman for J.D. Power said. Porsche, Ford and Ram rounded out the top five.

  • Alibaba Group Chairman Jack Ma

    The Alibaba founder says in the future, people will only need to work around 15 hours per week.

  • BEIJING, June 21- A U.S. business lobby, speaking ahead of economic talks between the United States and China, said Washington may contemplate taking action against Beijing if more progress is not made in addressing trade disputes. China and the United States agreed to 100 days of trade talks after U.S. Trade tension between the two countries subsided following...