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  • What you need to know about massive air bag recall Friday, 24 Oct 2014 | 4:51 PM ET

    So far, more than 12 million vehicles worldwide with air bags made by Japanese parts supplier Takata Corp. have been recalled for the problem. There have been recalls in Japan, Europe, China and other areas. A: Chemicals that quickly inflate air bags during a crash are exploding with too much force in Takata air bags made from 2001 to 2011. This blows apart metal...

  • Oct 24- General Motors Co persuaded a federal appeals court to uphold the dismissal of a $3 billion lawsuit in which Spyker NV accused it of derailing a plan to sell the Swedish automaker Saab to a Chinese company. The 6th U.S. Circuit Court of Appeals in Cincinnati on Friday said Spyker failed to show GM intentionally interfered with the Dutch company's effort to...

  • Canada loses bid to make Ford engines to Mexico Friday, 24 Oct 2014 | 3:13 PM ET

    DETROIT— Canada has lost to Mexico in a bid to build engines for Ford Motor Co.. Canada wanted 1.5- liter and 1.6- liter engine production for the Ford Fiesta go to Ford's Windsor Engine or Essex Engine plants, which are both in Windsor, Ontario. Jake Enwright, a spokesman for Canadian Industry Minister James Moore, said Ford recently made an "unprecedented request"...

  • TORONTO, Oct 24- Ford Motor Co has rejected a pitch to make a new investment in its Windsor, Ontario, plants and decided to put the money in Mexico as the company originally planned, the head of Canada's main auto workers' union said on Friday. In a release, Unifor said the program would have created 1,000 new jobs in Windsor, one of Canada's auto manufacturing hubs,...

  • WASHINGTON/ DETROIT, Oct 24- The U.S. House committee looking into the defective air bags made by Japanese supplier Takata Corp will hold an initial briefing with U.S. safety regulators next week to learn the details of the regional recalls affecting 10 automakers, a committee aide said on Friday. The committee has not requested any documents on Takata at this...

  • TORONTO, Oct 24- Ford Motor Co has rejected a proposal to invest in engine plants in Windsor, Ontario, and decided to put the money in Mexico as the automaker originally planned, the head of Canada's main auto workers' union said on Friday. Unifor President Jerry Dias told Reuters a "last-minute" effort was made to divert program to Canada, but failed.

  • WASHINGTON/ DETROIT, Oct 24- The U.S. House committee looking into the defective air bags made by Japanese supplier Takata Corp will hold an initial briefing with U.S. safety regulators next week to learn the details of the regional recalls affecting 10 automakers, a committee aide said on Friday. NHTSA opened an investigation in June into the regional recalls...

  • Evenflo recalls infant seats to fix sticky buckles Friday, 24 Oct 2014 | 8:48 AM ET

    DETROIT— Evenflo is recalling more than 202,000 rear-facing infant seats because the buckles can become difficult to unlatch. The recall comes after an investigation by the National Highway Traffic Safety Administration. Affected model numbers include 30711365, 31511040, 31511323, 31511400, 3151198, 3151953, 31521138, 46811205, 46811237,...

  • DTE Energy misses 3Q profit forecasts Friday, 24 Oct 2014 | 7:21 AM ET

    DETROIT _ DTE Energy Co. on Friday reported third-quarter net income of $156 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.11 per share. DTE Energy expects full-year earnings in the range of $4.28 to $4.42 per share.

  • Compuware posts 2Q profit Thursday, 23 Oct 2014 | 4:39 PM ET

    DETROIT _ Compuware Corp. on Thursday reported net income of $9.2 million in its fiscal second quarter. The Detroit- based company said it had profit of 4 cents per share. Compuware shares have declined 11 percent since the beginning of the year.

  • DETROIT, Oct 23- General Motors Co on Thursday reported a higher-than-expected profit in the third quarter and said it had strong demand for its redesigned full-size pickup trucks in North America. "Solid results really continue to be driven by strength in North America and China," GM Chief Financial Officer Chuck Stevens told reporters at the company's...

  • DETROIT, Oct 23- General Motors Co on Thursday posted a higher-than-expected profit for the third quarter on strong demand in its home North American market and in China. Net income rose to $1.38 billion, or 81 cents a share, from $698 million, or 45 cents a share, a year earlier. The quarter included $300 million in special items for flood damage sustained at the...

  • GM 3Q profit nearly doubles, led by N. America Thursday, 23 Oct 2014 | 7:30 AM ET

    DETROIT— Big profits from rising SUV and truck sales in North America helped General Motors nearly double its third-quarter net profit and more than offset its struggles in Europe and South America. Without $331 million in one-time items, GM would have made 97 cents per share, exceeding Wall Street's expectations. In North America, revamped pickup trucks and...

  • 2 Michigan businesses receive $500,000 in grants Thursday, 23 Oct 2014 | 4:04 AM ET

    LANSING, Mich.— The Michigan Economic Development Corporation is awarding $500,000 in grants to two business expansion projects that are expected to add up to 200 jobs in southeast Michigan. The MEDC announced the strategic fund grants Wednesday for Lippert Components Manufacturing in Sterling Heights and Oakland Stamping in Detroit.

  • DETROIT, Oct 22- The United Auto Workers hopes to be recognized as the exclusive bargaining agent for workers at a Volkswagen AG assembly plant in Chattanooga, Tennessee within a year, the union's President Dennis Williams said on Wednesday. He said "I hope so," however, when asked if the UAW would gain recognition to bargain for VW workers by the time contract talks...

  • DETROIT, Oct 22- Detroit's relatively fast move through municipal bankruptcy has resulted in costly creditor settlements and too little emphasis on fixing the city's broken operations, a restructuring expert testified in U.S. Bankruptcy Court on Wednesday. Still, Martha Kopacz, who was appointed by Judge Steven Rhodes to assess the viability of Detroit's...

  • 'Silicon Beach' brings tech boom to Los Angeles Wednesday, 22 Oct 2014 | 1:41 PM ET

    LOS ANGELES— So long Silicon Valley. In the past few years Google, Microsoft, Facebook, and YouTube have opened offices on the west side of Los Angeles from Santa Monica south to Venice and Playa del Rey. "Historically, Silicon Valley has been the center of gravity for tech and startups but I think more and more, these types of companies can be built anywhere," says Erik...

  • EPA: Gas mileage inflated on 4 Mini Cooper models Wednesday, 22 Oct 2014 | 10:56 AM ET

    It's the fourth time in the past two years that the EPA has found that an automaker overstated gas mileage test results. The automakers do their own estimates based on testing guidelines from the EPA. Hyundai-Kia, Ford and Mercedes-Benz all had to reduce mileage estimates on some of their models as the EPA increased its auditing efforts.

  • Expert says Detroit bankruptcy plan feasible Wednesday, 22 Oct 2014 | 9:18 AM ET

    DETROIT— Detroit's plan to get out of bankruptcy is feasible, a court-appointed expert testified Wednesday as the last witness in a historic trial to determine whether the largest city in U.S. history to file for Chapter 9 can get back on its feet. Martha Kopacz, a Boston- based expert who has participated in hundreds of restructurings, expressed confidence that...

  • DETROIT, Oct 22- U.S. safety regulators on Wednesday expanded the number of vehicles in the United States that may be affected by recalls for potentially defective Takata Corp air bags that could spray shrapnel at occupants. The NHTSA has urged owners of certain Toyota, Honda, Mazda, BMW, Nissan, Mitsubishi, Subaru, Chrysler, Ford and General Motors vehicles to...