GO
Loading...

Detroit

More

  • UPDATE 5-U.S. auto sales edge higher in March Wednesday, 1 Apr 2015 | 5:38 PM ET

    *Ford beats expectations; GM, Honda miss expectations. Among the strong performers were Toyota Motor Corp, Hyundai Motor Co, Kia Motors Corp and Audi. While dealership traffic began to pick up last month, "the second quarter looks to be even more favorable" because of pent-up demand after a harsh winter, according to Eric Lyman, vice president of industry insights for...

  • *Toyota, Hyundai, Kia, Audi among strong performers. Among the strong performers were Toyota Motor Corp, Hyundai Motor Co, Kia Motors Corp and Audi. While dealership traffic began to pick up last month, "the second quarter looks to be even more favorable" because of pent-up demand after a harsh winter, according to Eric Lyman, vice president of industry insights for...

  • PITTSBURGH— A federal jury on Wednesday rejected a Michigan man's claims that a condiment package he patented in 1997 led H.J. Heinz Co. to develop its Dip& Squeeze ketchup packets in 2010.. David Wawrzynski, 44, sued Heinz in U.S. District Court in Pittsburgh, claiming the "Little Dipper" package he invented led the Pittsburgh- based company to develop its...

  • DETROIT, April 1- Ford Motor Co's Americas chief indicated on Wednesday that the No. 2 U.S. automaker will be looking to bring its labor costs in line with those of its smaller rival Fiat Chrysler Automobiles when it opens talks this summer with the union representing its hourly workers. Joe Hinrichs, speaking at a Bank of America Merrill Lynch conference, said the...

  • UPDATE 3-U.S. auto sales demand begins to thaw in March Wednesday, 1 Apr 2015 | 2:11 PM ET

    *Toyota, Hyundai, Kia, Audi among strong performers. Among the strong performers were Toyota Motor Corp, Hyundai Motor Co, Kia Motors Corp and Audi. While dealership traffic began to pick up last month, "the second quarter looks to be even more favorable" because of pent-up demand after a harsh winter, according to Eric Lyman, vice president of industry insights for...

  • UPDATE 2-U.S. auto demand begins to thaw in March Wednesday, 1 Apr 2015 | 12:07 PM ET

    *Top six automakers report mixed results. *Annualized sales rate rebounds from February dip. DETROIT, April 1- U.S. consumer demand for new vehicles began to thaw in March, with the top six automakers reporting mixed sales results on Wednesday.

  • US gives threatened status to northern long-eared bat Wednesday, 1 Apr 2015 | 11:06 AM ET

    DETROIT— The federal government said Wednesday that it is listing the northern long-eared bat as threatened, giving new protections to a species that has been nearly wiped out in some areas by the spread of a fungal disease. "Bats are a critical component of our nation's ecology and economy," U.S. Fish and Wildlife Service director Dan Ashe said in a statement.

  • DETROIT, April 1- U.S. consumer demand for new vehicles began to thaw in March, with Detroit automakers reporting mixed sales results on Wednesday. Ford Motor Co beat analysts' expectations, while General Motors Co fell short and Fiat Chrysler Automobiles was in line with forecasts. That buoyant sentiment was reflected in higher vehicle transaction prices,...

  • Subaru's sales were up 10 percent. General Motors' sales fell 2 percent and Ford and Nissan both saw 3 percent declines. Honda's sales were down 5 percent.

  • DETROIT, April 1- Fiat Chrysler Automobiles on Wednesday said U.S. vehicle sales rose 2 percent in March, meeting analysts' expectations. That higher confidence was reflected in higher vehicle transaction prices, according to TrueCar Inc. The online consumer marketplace estimated the average price of a new vehicle in March rose to $32,201, up 2.1 percent from a...

  • 5 things to know about GM's revamped Chevy Malibu Wednesday, 1 Apr 2015 | 7:24 AM ET

    NEW YORK— General Motors tries again to gain traction in the popular midsize car segment with the introduction of the 2016 Chevrolet Malibu at the New York International Auto Show. Although U.S. buyers have flocked to car-based crossover sport utility vehicles, the midsize segment remained the biggest part of the market last year with sales of 2.59 million,...

  • NEW YORK, March 31- Warren Buffett, the billionaire chief executive officer and chairman of Berkshire Hathaway Inc, said he would not raise interest rates significantly if he ran the Federal Reserve. Buffett spoke at an automotive industry conference in New York, along with the chairman of the Berkshire Hathaway automotive dealer group, Larry Van Tuyl.

  • DETROIT— A Detroit- based automotive financial services company announced Tuesday its headquarters will remain in the city's resurgent downtown rather than move to the suburbs. The move comes about three months after the city of Detroit restructured or erased $7 billion in debt through the largest municipal bankruptcy in U.S. history.

  • DETROIT, March 31- Honda Motor Co has joined Daimler AG's Mercedes-Benz in testing self-driving vehicles and technologies on private roads at a former U.S. naval facility outside San Francisco, the Japanese automaker said Tuesday. Honda also is a partner in the University of Michigan's Mobility Transformation Center, which plans to open a similar testing...

  • DETROIT— More than 13,000 Detroit- area property owners have entered into payment plans hoping to avoid losing their homes to tax foreclosure, but another 16,000 living in their homes have yet to take advantage of the offer ahead of Tuesday's deadline. More than 60,000 of the county's 76,000 foreclosed properties are in Detroit, threatening neighborhoods...

  • But 14 states, mainly west of the Mississippi River, now have speed limits of 75, 80, even 85 mph in part of Texas. "It's a recipe for disaster," said James Perham, president of Extreme Transportation Corp., an automobile-hauling company near San Diego that filed a complaint with regulators about Michelin tires after seven blowouts caused an estimated $20,000 to...

  • WASHINGTON— A foundation is awarding grants to 32 innovative projects working to improve cities, totaling $5 million in funding. The winning projects range from combating blight in Detroit to installing porch swings in public places in Charlotte, North Carolina. In Detroit, one group will receive funding to create a "Brand Camp" to help create compelling brands...

  • NYC blast probe highlights problem of stealing gas Tuesday, 31 Mar 2015 | 12:54 AM ET

    NEW YORK— It was a run-of-the-mill complaint— a smell of gas— with a troubling explanation: Someone had improperly tapped into a Manhattan building's gas line, and it was leaking. While officials caution that they aren't certain of the cause of last week's blast in New York's East Village, it is highlighting a long-known problem with potentially deadly...

  • PITTSBURGH— A Michigan food entrepreneur claims the "Little Dipper" condiment package he patented in 1997 led H.J. Heinz Co. to develop its Dip& Squeeze ketchup packets, which it rolled out in February 2010, lawyers in opening statements told a federal court jury in Pittsburgh on Monday. The trial, expected to last through Thursday, will determine whether or not...

  • DETROIT— Tesla Motors says it will reveal a new product next month, but it's not a car. CEO Elon Musk tweeted Monday that "a major new Tesla product line" will be revealed April 30. Tesla shares rose 3 percent to $190.60 after the tweet.