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Top News & Analysis Detroit

  • WASHINGTON, May 23- The U.S. government filed a civil lawsuit on Tuesday accusing Fiat Chrysler Automobiles NV of illegally using software to bypass emission controls in 104,000 diesel vehicles sold since 2014.. It said on Tuesday it was disappointed the Justice Department filed suit and would vigorously defend itself against claims "it engaged in any...

  • WASHINGTON, May 23- The U.S. government filed a civil lawsuit Tuesday accusing Fiat Chrysler Automobiles NV of illegally using software to bypass emission controls in 104,000 diesel vehicles sold since 2014.. The U.S. Justice Department lawsuit, filed in U.S. It said Tuesday it was disappointed the Justice Department filed suit and would vigorously defend...

  • WASHINGTON, May 23- The U.S. government filed a civil lawsuit Tuesday accusing Fiat Chrysler Automobiles NV of using software to bypass emission controls in 104,000 diesel vehicles sold since 2014.. The U.S. Justice Department lawsuit, filed in U.S. It said Tuesday it was disappointed the Justice Department filed suit and would vigorously defend itself...

  • WASHINGTON, May 23- The U.S. government has filed a civil lawsuit accusing Fiat Chrysler Automobiles NV of using software to bypass emission controls in diesel vehicles. The U.S. Justice Department suit, filed in U.S. Reuters reported last week the Justice Department and EPA have obtained internal emails and other documents written in Italian that look at...

  • The 3- liter FCA diesels emit nitrogen oxide at a much higher rate than allowed under federal laws when on the road, the EPA said in a statement. The company failed to disclose the software during the process to become certified so the vehicles can be sold, according to the EPA. "Each of these vehicles differs materially from the specifications provided to EPA in the...

  • WASHINGTON, May 23- The U.S. government plans to file a civil lawsuit on Tuesday accusing Fiat Chrysler Automobiles NV of using software to bypass emission controls in diesel vehicles, two sources briefed on the matter said. The U.S. Justice Department lawsuit, expected to be filed in Detroit, will say the Italian-American automaker placed undeclared "defeat...

  • The Borgata said MGM Resorts' "M life" program will replace the My Borgata Rewards program on June 7. He said the "timing couldn't be more ideal," with the recent opening MGM Resorts' new casino in Oxon Hill, Maryland, and another planned for next year in Springfield, Massachusetts. It will enable members to earn credits at 17 MGM properties in Las Vegas, Mississippi,...

  • DETROIT— If you want a car with 840 horsepower that can go from zero to 60 in 2.3 seconds, it'll cost you $84,995. But for $1, you get a crate of parts that set it up for the drag strip. The Demon's price includes a $1,700 federal gas-guzzler tax but does not include shipping.

  • Ford Motor Co. announced Monday that President and CEO Mark Fields was retiring from the company and will be replaced by Ford board member Jim Hackett. July 1, 2014: Ford President and CEO Alan Mulally retires. Mark Fields, who has been Ford's chief operating officer since 2012, becomes president and CEO.

  • WASHINGTON/ DEARBORN, Mich., May 22- Ford Motor Co abruptly named James Hackett as chief executive on Monday, responding to investors' growing unease about the U.S. automaker's slumping stock price and its ability to counter threats from longtime rivals and Silicon Valley. Ford Chairman Bill Ford Jr., whose family effectively controls the U.S.

  • WASHINGTON/ DEARBORN, Mich., May 22- Ford Motor Co abruptly named James Hackett as chief executive on Monday, responding to investors' growing unease about the U.S. automaker's slumping stock price and its ability to counter threats from longtime rivals and Silicon Valley. Ford, once the most financially secure of the' Big Three' Detroit automakers, and the only one...

  • Industrialist Henry Ford founded the Ford Motor company in 1903. A titan of industry, Henry Ford was the first to adapt assembly line techniques to the auto industry with the Model T, and for the first time brought car ownership into the realm of possibilities for middle-class Americans. Edsel Ford unexpectedly died in 1943, at the height of World War II, forcing...

  • DETROIT— The U.S. government is investigating whether Hyundai and Kia moved quickly enough to recall more than 1.6 million cars and SUVs because the engines can stall, increasing the risk of a crash. Hyundai recalled about 470,000 vehicles in September of 2015 because debris from manufacturing can restrict oil flow to connecting rod bearings.

  • WASHINGTON/ DEARBORN, Mich., May 22- Ford Motor Co on Monday named James Hackett as chief executive officer, responding to investors' unease about the U.S. automaker's stock price and ability to withstand threats from longtime industry rivals and Silicon Valley. Hackett, 62, who overhauled furniture maker Steelcase Inc and then turned around the ailing...

  • WASHINGTON/ DEARBORN, Mich., May 22- Ford Motor Co on Monday named James Hackett, who heads its unit developing self-driving cars, as chief executive officer, responding to investors' growing unease about the U.S. automaker's stock price and prospects. He replaces Mark Fields, 56, who spent less than three years as CEO. Executive Chairman Bill Ford Jr. and the board...

  • WASHINGTON/ PARIS, May 22- Ford Motor Co is replacing Chief Executive Officer Mark Fields with James Hackett, the head of the unit developing self-driving cars, the U.S. automaker said on Monday, responding to investors' growing unease over its stock price and prospects. Executive Chairman Bill Ford Jr. and the board have been unhappy with the company's...

  • SAN JUAN, Puerto Rico— Puerto Rico is seeking help from federal court to restructure the debt of the U.S. territory's public pension system, which is projected to run out of money this year. "The government's liquidity and solvency problems are massive, and Title III has now become necessary to protect the people of Puerto Rico," the board said in reference to the...

  • WASHINGTON/ PARIS, May 22- Ford Motor Co on Monday said it was replacing replace Chief Executive Officer Mark Fields with James Hackett, the head of the unit developing self-driving cars, in response to investors' growing unease over the U.S. carmaker's stock performance and prospects. Hackett, 62, a former CEO of furniture manufacturer Steeelcase Inc, will take...

  • *Mobility boss James Hackett to be new CEO- sources. *Ford of Europe boss to return to US-based role- sources. PARIS/ DETROIT, May 22- Ford Motor Co. is set to replace Chief Executive Mark Fields with James Hackett, the head of its mobility arm, company sources said, responding to growing investor unease over the U.S. carmaker's stock performance and prospects.

  • PARIS/ DETROIT, May 22- Ford Motor Co is expected to announce the departure of Chief Executive Mark Fields in a broad management shake-up, a company source said- a move that reflects growing investor unease over the company's stock market performance and outlook. Forbes and the New York Times reported that James Hackett, 62 and chairman of the Ford unit that works...