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Top News & Analysis Detroit

  • WASHINGTON, March 30- Volkswagen AG said on Thursday it has agreed to pay $157.45 million to settle environmental claims from 10 U.S. states over its excess diesel emissions, as the world's largest automaker looks to move past the scandal. The settlement covers states including New York, Connecticut, Massachusetts, Pennsylvania and Washington, as well as some...

  • DETROIT— Volkswagen is paying more than $157 million to 10 states to settle environmental lawsuits over the company's diesel emissions-cheating scandal. The company says the money will go to Connecticut, Delaware, Maine, Massachusetts, New York, Oregon, Pennsylvania, Rhode Island, Vermont and Washington. The settlement covers 3- Liter six-cylinder diesel...

  • SAN FRANCISCO, March 30- Ford Motor Co said on Thursday it was hiring 400 engineers, mostly in Canada, to work on connectivity software and hardware, part of a wider push to meet demand for more connected cars. The 300 engineers in Canada and 100 in the United States will double the current size of the Detroit automaker's mobile connectivity engineering team.

  • GOYANG, South Korea— South Korea's largest auto show provides a look at the future of Asian premium cars and electric vehicles, as well as efforts by Asian auto and tech companies to catch up in the field of autonomous driving. Two are making their world premieres: Hyundai Motor's Grandeur hybrid electric vehicle and Ssangyong Motor's G4 Rexton sports utility...

  • MONTREAL, DETROIT March 29- Ford Motor Co will announce on Thursday production of a new engine in the Canadian province of Ontario, two sources familiar with the matter said, in an investment that would boost Canada's auto industry after years of job losses to Mexico and the United States. New investment in engine production in Canada was seen as vital because the...

  • March 29- The southern Michigan headquarters of food producer Kellogg Co were evacuated and nearly two dozen people were transported to hospital for treatment due to a Freon leak on Wednesday, fire and company officials said. The leak occurred on the fifth floor of Kellogg's headquarters in downtown Battle Creek, Michigan, some 120 miles west of Detroit at...

  • DETROIT— Ford is recalling more than 570,000 vehicles in North America and Europe to fix separate problems that can cause engine fires and doors to fly open unexpectedly. The engine fire recall covers over 360,000 vehicles in North America and Europe. In North America it includes Escape SUVs from the 2014 model year, plus the 2014 and 2015 compact Fiesta ST, the...

  • DETROIT/ WASHINGTON, March 28- Ford Motor Co on Tuesday said it would invest $1.2 billion in three Michigan facilities and create 130 jobs in projects largely in line with a previous agreement with the United Auto Workers union, hours after U.S. In January, Ford scrapped plans to build a $1.6 billion car factory in Mexico and instead added 700 jobs in Michigan...

  • DETROIT— Chinese tech giant Tencent Holdings has acquired a 5 percent stake in electric car maker Tesla Inc.. Tencent spent $1.8 billion acquiring 8.2 million shares during Tesla's stock offering earlier this month, according to documents filed with the U.S. Securities and Exchange Commission. Shenzhen- based Tencent is one of the largest tech companies in...

  • DETROIT/ WASHINGTON, March 28- Ford Motor Co on Tuesday said it would invest $1.2 billion in three Michigan facilities and create 130 jobs in projects largely in line with a previous agreement with the United Auto Workers union, hours after U.S. In January, Ford scrapped plans to build a $1.6 billion car factory in Mexico and instead added 700 jobs in Michigan...

  • DETROIT— General Motors has rejected a proposal from investor David Einhorn to split its stock into two classes. The plan from Einhorn's Greenlight Capital hedge fund would create one dividend-paying stock and one "capital allocation" stock. The New York- based hedge fund intends to submit the non-binding plan at the GM annual shareholders' meeting later this...

  • President Donald Trump greets CEO of Ford Motor Company Mark Fields during a meeting with auto industry leaders in the Roosevelt Room of the White House on January 24, 2017 in Washington, DC.

    Ford outlined new details of the $9 billion in U.S. facility investments it's planning through 2019.

  • March 28- Tesla Inc, the California- based electric carmaker, said Chinese tech giant Tencent Holdings Ltd acquired a 5 percent stake for $1.78 billion. The deal gives Shenzhen- based Tencent a growing presence in the rapidly expanding future mobility sector, with investments in U.S. and Chinese startup companies that provide ride sharing services and are...

  • DETROIT/ WASHINGTON, March 28- Ford Motor Co on Tuesday said it would invest $1.2 billion in three Michigan facilities and create 130 jobs in projects largely in line with a previous agreement with the United Auto Workers union, hours after U.S. In January, Ford scrapped plans to build a $1.6 billion car factory in Mexico and instead added 700 jobs in Michigan...

  • DETROIT— Ford Motor Co. is investing $1.2 billion in three Michigan facilities, including an engine plant where it plans to add 130 jobs. Major investment to be made in three Michigan plants. Ford announced plans to upgrade some of its Michigan plants in November 2015 as part of a new contract with the United Auto Workers union.

  • President Donald Trump on Tuesday touted an expected announcement from Ford Motor Co about investments and jobs at U.S. plants, saying the automaker would make a major investment in three Michigan facilities. In January, Ford scrapped plans to build a $1.6 billion car factory in Mexico and instead added 700 jobs in Michigan following Trumps criticism.

  • President Donald Trump touted Ford Motor Co's expected announcement on Tuesday about investments and jobs at its U.S. plants, saying the automaker would make a major investment in three Michigan facilities. The planned announcement comes less than two weeks after Trump visited Detroit to promise more auto jobs for Michigan and other Midwestern U.S. states.

  • RIVERSIDE, Calif., March 24- California on Friday challenged the Trump administration's approach to car pollution, approving standards that the White House said still need review and setting up a potential face-off between federal and state regulators. California Governor Jerry Brown and other state officials have vowed to lead the defense of...

  • RIVERSIDE, Calif., March 24- California on Friday approved vehicle pollution targets that the Trump administration last week put on hold, setting up a potential face-off between federal and state regulators that could be expensive for automakers and a headache for consumers. Board Chair Mary Nichols invited the auto industry to suggest implementation...

  • RIVERSIDE, Calif., March 24- California on Friday approved vehicle pollution targets that the Trump administration last week put on hold, setting up a potential face-off between federal and state regulators that could be expensive for automakers and a headache for consumers.