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  • Japan's Nikkei news service said the plan to cease production at Mitsubishi's plant in Normal, Illinois, is part of a strategic shift to the growing Asian market. The Nikkei report said Mitsubishi, one of Japan's smallest automakers, would look for a buyer for the plant, which opened in 1988 as a joint venture between Mitsubishi and its then-partner, Chrysler.

  • Mitsubishi plans to quit U.S. car production -Nikkei Thursday, 23 Jul 2015 | 4:04 PM ET

    Japan's Nikkei news service said the plan to cease production at Mitsubishi's sole U.S. plant in Normal, Illinois, is part of a strategic shift to the growing Asian market. The Nikkei report said Mitsubishi would look for a buyer for the plant, which opened in 1988 as a joint venture between Mitsubishi and its then-partner, Chrysler. The report also said Mitsubishi...

  • DETROIT— The Federal Trade Commission is investigating General Motors because of dealers who advertised certified used cars for sale even though they still needed repairs under existing recalls. The agency notified GM of the probe on June 3, and it was disclosed by the company Thursday in a quarterly report to securities regulators. GM spokesman Alan Adler...

  • DETROIT, July 23- Leaders of the United Auto Workers union and Ford Motor Co started talks on a new labor contract on Thursday, with the specter of jobs fleeing to Mexico hanging over the proceedings. Earlier this month, Ford announced that it would move production of its Focus and C-Max small cars from a plant near Detroit in 2018. Ford has not confirmed UAW...

  • Harley-Davidson recalling bikes to fix saddlebag problem Thursday, 23 Jul 2015 | 10:03 AM ET

    DETROIT— Harley-Davidson is recalling more than 185,000 motorcycles in the U.S. because the saddlebags can come loose and fall off, increasing the risk of a crash. The recall covers certain 2014 and 2015 Road King, Street Glide, Electra Glide Ultra Classic, Ultra Limited, Police Road King, Police Electra Glide and CVO Ultra Limited bikes. Dealers will replace the...

  • GM tops 2Q profit forecasts on trucks, SUVs Thursday, 23 Jul 2015 | 8:00 AM ET

    DETROIT— Big profits from trucks and SUVs helped General Motors overcome a sales slowdown in China, economic problems in Venezuela and payments to ignition switch crash victims as the automaker's second-quarter net income rose sixfold to nearly $1.12 billion. The Detroit company made 67 cents per share from April through June compared with 11 cents a year...

  • Pilots' union leader at Delta to step down in September Wednesday, 22 Jul 2015 | 5:00 PM ET

    ATLANTA— The head of the pilots' union at Delta Air Lines is resigning. Donatelli's decision comes less than two weeks after members of the Air Line Pilots Association rejected a Delta contract offer that union leaders had narrowly endorsed. "It is time for the pilots of Delta Air Lines to unify," Donatelli said in a letter to the airline's 12,000 pilots.

  • Rick Snyder determined that Wayne County— which is home to the city of Detroit— is in a financial emergency. Wayne County, which has 1.7 million residents, faces a projected $171 million deficit by 2019 if remedial measures aren't taken. "Restoring Wayne County to a secure financial foundation will ensure residents will continue to get the services they need."

  • Fiat Chrysler recall: Loose engine covers can cause fires Wednesday, 22 Jul 2015 | 4:08 PM ET

    DETROIT— Fiat Chrysler is recalling nearly 350,000 crossover SUVs to fix engine covers that could come loose and catch fire. The recall covers Dodge Journeys and Fiat Freemonts from the 2011 through 2015 model years. The company says it discovered the issue after investigating three incidents in Chile.

  • WASHINGTON, July 22- U.S. home resales rose in June to their highest level in nearly 8-1/ 2 years, a sign of pent-up demand that should buoy the housing market recovery and likely keep the Federal Reserve on track to raise interest rates later this year. The National Association of Realtors said on Wednesday existing home sales increased 3.2 percent to an annual...

  • DETROIT— Fiat Chrysler said Wednesday that it has a software fix that will prevent future hacking into the Jeep Cherokee and other vehicles. The fix is a response to a recent article in Wired magazine about two well-known hackers, Charlie Miller and Chris Valasek, who remotely took control of a Jeep Cherokee through its UConnect entertainment system.

  • July 21- Michigan's Wayne County, home to Detroit, is in a financial emergency due to chronic budget deficits and a big unfunded healthcare liability, a state-appointed review team announced on Tuesday. Wayne County Executive Warren Evans requested the review last month, asking the state for a fiscal emergency declaration and a consent agreement to fix...

  • GIBRALTAR, Mich.— Michigan announced Tuesday that it is providing $2.2 million in incentives for an Ohio company's planned $53 million redevelopment of a former Detroit- area steel mill. It includes $1 million Clean Michigan Initiative Brownfield Redevelopment loan, $1 million Revitalization Revolving loan and $245,000 Clean Michigan Initiative grant.

  • DETROIT, July 21- Ford Motor Co on Tuesday will launch a new luxury version of its F-150 pickup truck that could command prices above $60,000, answering growing demand from U.S. consumers for trucks that could substitute for a higher end German sedan. The 2016 Ford F-150 Limited will go on sale later this year, and will be a step up from the automaker's current...

  • GM ignition switch deaths and injuries total 393 Monday, 20 Jul 2015 | 5:16 PM ET

    DETROIT— General Motors' faulty ignition switches were responsible for at least 124 deaths and 269 injuries, according to a fund set up to compensate victims. The fund, administered by attorney Kenneth Feinberg, updated the totals Monday. Fund spokeswoman Camille Biros says 319 compensation offers have been made so far and 227 have been accepted.

  • DETROIT— Like most Americans, the drivers of Detroit are required to carry auto insurance whenever they get behind the wheel, but many law-abiding residents can't afford the Motor City's highest-in-the-nation auto premiums, which top $5,000 a year in some neighborhoods. So fully half of Detroit drivers do what's known locally as "driving dirty"— taking to the...

  • While it will likely be months before sanctions on Iran ease, business and political leaders are wasting no time in trying to tap into a large and what they hope will be a lucrative Iranian market. Airlines in Dubai are fast adding new Iran routes to meet growing demand. Deal or no deal, U.S. sanctions not related to the nuclear program will still be in place and bar...

  • DETROIT, July 17- Tesla Motors Inc said it plans to offer new versions of its battery-powered Model S sedan, including a $70,000 entry version and a range-topping edition. The new 70 kWh, single-motor Model S is priced $5,000 less than the current entry model, the dual-motor Model S 70 D. It also will enable the car to accelerate from zero to 60 miles per hour in 2.8...

  • DETROIT— Ferrari is recalling 814 sports cars in the U.S. to fix problems with driver's air bags made by Japanese parts supplier Takata Corp.. Ferrari says in documents it was told of the problem by Takata in June. The problem appears unrelated to Takata air bags that can inflate with too much force and hurl shrapnel.

  • LONDON, July 17- Whoever took all the lead out of the London Metal Exchange warehousing system in the second quarter has just been kind enough to return it. A total 50,475 tonnes of the heavy metal were placed on warrant in the South Korean port of Busan earlier this week. The International Lead and Zinc Study Group assesses lead as being in small 7,000- tonne...