Top News & Analysis Detroit

More

  • The National Highway Traffic Safety Administration said the cars made from late December 2009 through late October 2010 may have a damaged circuit board that could cause the loss of power steering. Hyundai told the NHTSA that it has been making the Sonata sedan for the U.S. market since December 2009, and by March 2015, the number of warranty claims due to lost...

  • April 7- The brother of a Texas teenager killed by shrapnel from an exploding Takata Corp air bag said on Thursday that his family never received a recall notice about the defective vehicle safety device. Texas officials released new details about the accident on Thursday. Fort Bend County Sheriff Troy E. Nehls and other officials told a news conference that...

  • DETROIT, April 6- Fiat Chrysler Automobiles said on Wednesday it is laying off about 1,300 workers indefinitely and ending one of the two shifts at its Sterling Heights, Michigan plant that makes the slow-selling midsize Chrysler 200 sedan. In January, Fiat Chrysler Automobiles Chief Executive Sergio Marchionne said the company would cease making the...

  • *SAIC plans to set up car factory in India within 3 years-source. *Chongqing Changan Automobile to start making cars in India. NEW DELHI/ BEIJING, April 6- China's top carmaker SAIC Motor Corp and Great Wall Motor, its biggest maker of SUVs, are spearheading the country's first major push into India, one of the world's fastest growing auto markets, as growth at home...

  • DETROIT/ WASHINGTON/ MEXICO CITY, April 5- Ford Motor Co on Tuesday announced it would invest $1.6 billion to build more small cars in Mexico, starting in 2018, triggering a fresh blast of criticism from Republican front-runner Donald Trump. The automaker announced the investment in Mexico as Trump, U.S. But data indicates that Ford builds fewer vehicles and...

  • Republican presidential front-runner Donald Trump said the move by Ford Motor Co to build a manufacturing plant in Mexico "is an absolute disgrace" and shows the need to renegotiate the North American Free Trade Agreement. Trump said deals like the one Michigan- based Ford made to build a plant in Mexico "will continue until we can renegotiate NAFTA to create a...

  • DETROIT/ WASHINGTON/ MEXICO CITY, April 5- Ford Motor Co, criticized by Republican presidential front-runner Donald Trump for manufacturing outside the United States, announced on Tuesday that it would invest $1.6 billion to build more small cars in Mexico, starting in 2018.. Trump labeled Ford's investment in Mexico "an absolute disgrace."

  • DETROIT/ WASHINGTON/ MEXICO CITY, April 5- Ford Motor Co, criticized by Republican presidential front-runner Donald Trump for manufacturing outside the United States, announced on Tuesday that it would invest $1.6 billion to build more small cars in Mexico, starting in 2018.. Joe Hinrichs, Ford executive vice president and head of the Americas, said on Tuesday...

  • DETROIT/ WASHINGTON/ MEXICO CITY, April 5- Ford Motor Co, criticized by Republican presidential front-runner Donald Trump for manufacturing outside the United States, announced on Tuesday that it would invest $1.6 billion to build more small cars in Mexico, starting in 2018.. Trump, who has criticized U.S. companies for "sending jobs to Mexico," has singled out Ford...

  • NEW YORK, April 5- U.S. refiners who are delaying compliance with new cleaner gasoline production rules could face soaring costs beginning next year as they scramble to find deadline-extending fuel credits in a tight market, industry experts warn. The U.S. Environmental Protection Agency awards credits to refiners who produce gasoline with sulfur levels...

  • DETROIT, April 4- Tesla Motors Inc said on Monday that parts shortages hampered vehicle production and sales in the first quarter, but the electric car maker still plans to build 80,000 to 90,000 vehicles this year. Tesla shares closed up nearly 4 percent, at $246.99, after it reported over the weekend that it had taken 276,000 orders through Saturday for its new...

  • DETROIT, April 4- Toyota Motor Corp is expanding a five-year-old partnership with Microsoft Corp to develop new internet-connected vehicle services for owners and dealers, Toyota said on Monday. The automaker has established Toyota Connected at its U.S. headquarters in Plano, Texas, to consolidate its existing connectivity services and serve as the...

  • DETROIT, April 4- Toyota Motor Corp is expanding a five-year-old partnership with Microsoft Corp to develop new internet-connected vehicle services for owners and dealers, Toyota said on Monday. The automaker has established Toyota Connected at its U.S. headquarters in Plano, Texas, to consolidate its existing connectivity services and serve as the...

  • Tesla's new Model 3 is off to a fast start, but the company may need to raise more cash if it hopes to deliver the new vehicle on time, analysts say.

  • Tesla's stock price bounced around $237 in afternoon trading after opening at nearly $248, the highest mark in six months. Morgan Stanley analyst Adam Jonas, a longtime Tesla booster, predicted the Silicon Valley car maker's sales will hit just under 250,000 in 2020, but maintained a bullish $333 price target on the stock. Barclays analyst Brian Johnson, with a...

  • Employees of Ibotta settle into their new desks on the first day at the company’s new office in a high-rise building in downtown Denver, March 21, 2016.

    Many metropolises and smaller cities across the nation have not only regained their footing since the recession, but are on the upswing.

  • DETROIT, March 31- Automakers have repaired or replaced only one-quarter of the estimated 29 million defective Takata Corp air bags in the United States, according to data supplied to U.S. auto safety regulators, with some companies lagging far behind others in terms of completed repairs. As of March 11, the National Highway Traffic Safety Administration said...

  • DETROIT, March 31- Automakers have repaired or replaced only one-quarter of the estimated 29 million defective Takata Corp air bags in the United States, according to data supplied to U.S. auto safety regulators, with some companies lagging far behind others in terms of completed repairs. As of March 11, the National Highway Traffic Safety Administration said...

  • Detroit on the comeback trail

    CNBC's Kate Rogers reports the Motor City is making its way back from a historic bankruptcy as recent data from JPMorgan Chase shows small business spending growth is outpacing other major cities.

  • DETROIT, March 24- In August of 2009, after ruptured airbag inflators in Honda vehicles were linked to least four injuries and a death, the automaker quietly requested a design change and did not notify U.S. regulators, Honda confirmed in response to inquiries from Reuters. U.S. law requires automakers to disclose safety risks and actions to prevent them to the...