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  • FRANKFURT, Oct 21- Daimler AG said on Tuesday it would book a $780 million windfall from selling its 4 percent stake in rival electric car maker Tesla Motors Inc. The stake sale comes as a surprise, even though the Stuttgart- based maker of Mercedes-Benz cars insisted that a technological cooperation deal between the two carmakers remains unchanged.

  • DETROIT, Oct 21- Michigan Governor Rick Snyder signed a bill on Tuesday that will keep electric carmaker Tesla Motors Inc from selling its cars directly to consumers in the state, home to the biggest U.S. automakers. Michigan becomes the fifth U.S. state to keep Tesla from easily selling cars directly to consumers, joining Texas, New Jersey, Arizona and Maryland,...

  • DETROIT, Oct 21- The U.S. judge overseeing Detroit's historic bankruptcy dropped hints on Tuesday on what he wants to hear in the city's closing statements and what he may be scrutinizing in creditor settlements. "We are getting finality and stability going forward," state-appointed Emergency Manager Kevyn Orr told U.S. Bankruptcy Court Judge Steven Rhodes,...

  • Detroit plans to sell scrapped copper wire Tuesday, 21 Oct 2014 | 2:37 PM ET

    DETROIT— The city of Detroit plans to sell 13 million pounds of copper wire from its public lighting operation. Financial consultant Gaurav Malhotra testified Tuesday in Detroit's bankruptcy trial that the city is budgeting for $25 million over six years from such a sale, but the scrapped metal could bring in about $40 million. Detroit is phasing its...

  • DETROIT, Oct 21- The federal judge overseeing Detroit's historic bankruptcy case wants the city to explain its settlements with creditors and its exit financing in closing arguments next week, he said on Tuesday. Detroit Mayor Mike Duggan had raised concerns about the financing for the city's bankruptcy exit when he testified earlier this month, as well as the...

  • DETROIT, Oct 20- Toyota Motor Corp recalled 247,000 cars, SUVs and pickup trucks in the United States on Monday because of potentially defective front passenger air bag inflators from Japan's Takata Corp that can rupture and spray metal shrapnel, according to U.S. safety regulators. That raised the number of vehicles affected by regional recalls launched in...

  • US agency warns car owners to get air bags fixed Monday, 20 Oct 2014 | 11:46 AM ET

    Multiple automakers have recalled vehicles in the U.S. over the past two years to repair air bag inflators made by Takata Corp., a Tokyo- based supplier of seat belts, air bags, steering wheels and other auto parts. In a statement Monday, the National Highway Traffic and Safety Administration warned owners of those cars to act right away. The warning covers cars made...

  • GM ignition switch death count rises to 29 Monday, 20 Oct 2014 | 11:46 AM ET

    DETROIT— At least 29 people have died and 27 people have been seriously injured in crashes involving General Motors cars with defective ignition switches. Attorney Kenneth Feinberg, who was hired by GM to compensate victims, updated the totals Monday. Feinberg will accept claims until Dec. 31.

  • DETROIT— US safety agency warns owners of 4.7 million recalled vehicles to get air bags repaired.

  • Toyota adds 247K vehicles to air bag recall tally Monday, 20 Oct 2014 | 10:14 AM ET

    DETROIT— Toyota is recalling 247,000 vehicles in high-humidity areas as an air bag problem that has plagued most of the auto industry continues to widen. Inflators can rupture in air bags manufactured by parts supplier Takata, causing metal fragments to fly out when bags are inflated in crashes. The recall covers vehicles in South Florida, along the Gulf Coast,...

  • Detroit bankruptcy decision set for early November Monday, 20 Oct 2014 | 9:54 AM ET

    DETROIT— A judge pledged Monday to make a swift decision on Detroit's plan to get out of bankruptcy, signaling that the largest U.S. case of an insolvent local government could close in just a few more weeks. Judge Steven Rhodes said he'll start hearing final arguments on Oct. 27 and announce whether Detroit's plan is fair and feasible no later than Nov. 7.

  • AAA Michigan: Gas prices unchanged in past week Monday, 20 Oct 2014 | 6:23 AM ET

    DEARBORN, Mich.— AAA Michigan says gasoline prices have held steady from last week for a statewide average of about $3.13 per gallon. Dearborn- based AAA Michigan surveys fuel costs at 2,800 Michigan gas stations daily. Gas in the Detroit area fell about 8 cents to $3.09 per gallon.

  • UN experts: Detroit should restore water to poor Monday, 20 Oct 2014 | 4:01 AM ET

    DETROIT— United Nations human rights experts described Detroit's mass water shut-offs as "a man-made perfect storm" Monday and called on city officials to restore water to those unable to pay, including those with disabilities or chronic illnesses. Leilani Farha and Catarina de Albuquerque, who were in town to observe the effect of water service shut-offs,...

  • Ebola causing some people to change travel plans Friday, 17 Oct 2014 | 6:23 PM ET

    The virus has killed more than 4,500 in West Africa since the current outbreak began several months ago. Several people who contracted the disease there have been treated in the United States, but only three cases have been diagnosed in the U.S., all in Dallas. Still, Ebola fear increased when officials disclosed that a nurse tested positive for the virus just over...

  • DETROIT/ ORLANDO, Oct 17- A fourth traffic death in a Honda Motor Co car has been linked to a defective air bag made by Japanese supplier Takata Corp, according to a county medical examiner in Florida. Hien Tran died on Oct. 2, four days after her red 2001 Honda Accord sedan struck another car in Orlando and the air bags exploded, sending shrapnel at the 51- year-old woman,...

  • DETROIT, Oct 17- General Motors Co's top lawyer will retire early next year, months after his department was heavily criticized for how it handled the automaker's defective ignition switch that has been linked to at least 27 deaths. Michael Millikin, 66, informed GM of his decision and the company will immediately begin an external search for his replacement,...

  • General Motors' legal chief to retire next year Friday, 17 Oct 2014 | 12:40 PM ET

    DETROIT— General Motors' chief lawyer Michael Millikin, who withstood withering criticism from lawmakers for his department's handling of an ignition switch recall, is retiring early next year. During a July Senate hearing on the delayed recall of small cars with faulty switches, lawmakers demanded that Millikin be fired. CEO Mary Barra praised Millikin as a...

  • Crews begin demolition of Packard plant in Detroit Friday, 17 Oct 2014 | 12:35 PM ET

    DETROIT— Demolition started Friday on a section of the massive and crumbling Detroit Packard auto factory complex— a symbol of the city's blight and past manufacturing glory. Peruvian developer Fernando Palazuelo bought the 40- acre site last year for $405,000 at a Wayne County tax foreclosure auction. Palazuelo told The Associated Press in June that the...

  • Detroit museum defends 6-figure salaries Friday, 17 Oct 2014 | 11:39 AM ET

    DETROIT— The Detroit Institute of Arts is defending the six-figure salaries of its two top executives, saying Friday that it didn't anticipate a backlash when raises were granted a few years ago, before the city filed for bankruptcy. Director Graham Beal's total compensation was $534,000 last year, a 17 percent increase since 2011. Chief Operating Officer...

  • Move over, Dallas Cowboys. America has a new team Friday, 17 Oct 2014 | 10:31 AM ET

    The Denver Broncos fell short against the Seattle Seahawks in Super Bowl XLVIII, but they can now claim the title of America's favorite team.