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Top News & Analysis Detroit

  • *Opel business has struggled for profitability. In separate statements, GM which owns the Vauxhall and Opel brands, and the maker of Peugeot, Citroen and DS cars said they were looking at a number of "strategic initiatives" with the aim of increasing profitability and operating efficiency, including through a potential acquisition of Opel.

  • *Opel business has struggled for profitability. The maker of Peugeot, Citroen and DS cars is "exploring a number of strategic initiatives with GM with the aim of increasing its profitability and operating efficiency, including a potential acquisition of Opel," a spokesman said. Together, PSA and Opel would command a 16.3 percent share of the European car market...

  • FRANKFURT, Germany— France's PSA Group, maker of Peugeot and Citroen cars, says it's exploring a possible takeover of Opel, General Motors' money-losing European business. PSA Group and GM are already involved in several joint projects in Europe. Detroit- based GM is weary of having to report losses year after year in Europe, where it last made a full-year profit in...

  • The maker of Peugeot, Citroen and DS cars is "exploring a number of strategic initiatives with GM with the aim of increasing its profitability and operating efficiency, including a potential acquisition of Opel," a spokesman said. The confirmation came after sources told Reuters earlier on Tuesday that the two companies were in advanced discussions to combine...

  • NEW DELHI, Feb 14- India's Supreme Court convicted a confidante of the late chief minister of Tamil Nadu on Tuesday in a corruption case that will put her behind bars and effectively end her bid to become chief minister of the southern state. Known as the " Detroit of Asia", Tamil Nadu is India's second-largest manufacturing state. It hosts auto makers including BMW,...

  • NEW DELHI, Feb 14- India's Supreme Court convicted a confidante of the late chief minister of Tamil Nadu on Tuesday in a corruption case that will put her behind bars and effectively end her bid to become chief minister of the southern state. Known as the " Detroit of Asia", Tamil Nadu is India's second-largest manufacturing state. The disproportionate assets case...

  • DETROIT— General Motors says its new Chevrolet Cruze diesel compact sedan will get up to 52 miles per gallon on the highway, the best mileage of any car that isn't a hybrid or electric vehicle. The 2017 diesel with a six-speed manual transmission and 1.6- liter diesel engine also gets 30 mpg in the city and a combined city-highway mileage of 37, according to...

  • There was always an element of wishful thinking in Kleinfeld's parallel vision, ignoring as it did the flow of semi-manufactured aluminium products out of China. The physical export flow of "semis" has steadily increased with over four million tonnes leaving China in both 2015 and 2016.. And, equally significantly, the two main trading venues of London and...

  • NEW YORK/ NORTH CHARLESTON, S.C., Feb 13- Boeing Co faces its first union vote on Wednesday at its aircraft factory in South Carolina, a high-profile test for organized labor in the nation's most strongly anti-union state. The world's largest planemaker is running a hardball campaign against the International Association of Machinists and Aerospace Workers,...

  • CLEVELAND— Opponents of a high-pressure natural gas pipeline expected to be built across the northern half of Ohio are clinging to the wings of a furry flier, the northern long-eared bat, in their efforts to at least delay the $2 billion project. The existence of the threatened species remains one of the impediments the partnership between Houston- based...

  • SAN FRANCISCO— Ford Motor is spending $1 billion to take over a budding robotics startup to acquire more expertise needed to reach its ambitious goal of having a fully driverless vehicle on the road by 2021.. The big bet announced Friday comes just a few months after the Pittsburgh startup, Argo AI, was created by two alumni of Carnegie Mellon University's...

  • SAN FRANCISCO— Ford Motor is spending $1 billion to take over a budding robotics startup to acquire more expertise needed to reach its ambitious goal of having a fully driverless vehicle on the road by 2021.. The big bet announced Friday comes just a few months after the Pittsburgh startup, Argo AI, was created by two alumni of Carnegie Mellon University's...

  • DETROIT— Family spokesman: Little Caesars Pizza founder Mike Ilitch, owner of Detroit Tigers and Detroit Red Wings, dies at 87..

  • DETROIT _ American Axle& Manufacturing Holdings Inc. on Friday reported fourth-quarter earnings of $46.9 million. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 69 cents per share. American Axle expects full-year revenue in the range of $4.1 billion to $4.2 billion.

  • *Sets aside Y97 bln for $1 bln U.S. fine. TOKYO, Feb 10- Takata Corp on Friday said it expects to post a full-year net loss for the third consecutive year as the Japanese air bag maker anticipates costs related to the biggest automotive product recall in history will eat away at its bottom line. The costs behind the downgrade include a provision for 96.93 billion yen as...

  • Trump may press Abe to do more to level the trade imbalance with Japan during a White House visit or a round of golf,. But the two leaders are unlikely to change the fact that the big cars and trucks that America makes do not sell in Japan. Even Japan's Toyota Motor Corp and Honda Motor Co cannot convince Japanese consumers to buy models that are popular in the United...

  • A sign points toward a building renting tiny apartments in Seattle.

    Landlord alert: Seattle is hot, but not the hottest opportunity for home-rental investing.

  • WASHINGTON, Feb 7- Japan's Takata Corp is set to plead guilty Feb. 27 in federal court in Detroit to a single felony count of wire fraud to resolve a U.S. Justice Department investigation into ruptures of its air bag inflators linked to at least 16 deaths worldwide, according to a court filing Tuesday. Takata has agreed to pay a $25 million fine, $125 million in a victim...

  • DETROIT, Feb 7- Ford Motor Co plans to expand its lineup of sport utility and crossover vehicles in the United States to 13 models from seven by 2020, according to company officials and supplier sources, in response to rapid growth in SUV sales. That shift is equivalent to more than 3 vehicle assembly plants worth of production annually, and is driving other...

  • WASHINGTON, Feb 6- The Center for Auto Safety and five other groups filed a lawsuit against the Federal Trade Commission on Monday for allowing used cars to be advertised as "certified" or safe despite being the target of an outstanding safety recall. The FTC reached an agreement in January 2016 with General Motors Co and two dealership companies, Jim Koons...