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  • DETROIT— Out of concern for the safety of drivers, the U.S. government may step in to manage a giant recall of air bags made by Takata Corp.. Takata agreed this week to declare millions of air bag inflators defective. That added 17 million cars and trucks to existing recalls by 11 manufacturers— BMW, Fiat Chrysler, Ford, General Motors, Daimler Trucks, Honda, Mitsubishi,...

  • DETROIT, May 21- Prosecutors in Detroit have joined the U.S. federal probe into Takata Corp's defective air bag inflators that are linked to at least six deaths globally. The U.S. Attorney's Office for the Eastern District of Michigan and the U.S. Department of Justice's Criminal Division, Fraud Section in Washington "are jointly handling the criminal...

  • DETROIT— Exploding air bags made by Takata Corp. are so dangerous that U.S. safety regulators want to manage a massive recall so cars can be fixed faster. "The number of impacted vehicles and manufacturers in combination with the supply issues related to these air bag recalls adds a previously unprecedented level of complexity to this recall," NHTSA...

  • DETROIT, May 21- Prosecutors in Detroit have joined the U.S. federal probe into Takata Corp's defective air bag inflators that are linked to at least six deaths globally. The U.S. Attorney's Office for the Eastern District of Michigan and the U.S. Department of Justice's Criminal Division, Fraud Section in Washington "are jointly handling the criminal...

  • Detroit is the latest major city to see an influx of whites who may not find the suburbs as alluring as their parents and grandparents did in the last half of the 20th century. "For any individual who wants to build a company or contribute to the city, Detroit is the perfect place to be," said Bruce Katz, co-director of the Global Cities Initiative at the Washington-...

  • Renters appear more satisfied in many pricey US cities Thursday, 21 May 2015 | 12:02 AM ET

    WASHINGTON— High rents are worth it. At least that's the sentiment of apartment dwellers in New York, San Francisco and Washington, who say they're more satisfied living in those cities than do renters in far more affordable areas such as Milwaukee, Albuquerque and Detroit. The finding comes from a survey released Thursday by Apartment List, a San Francisco- based...

  • *Some automakers explore Takata's rivals for replacement parts. *Takata shares fall 10 pct in Tokyo. DETROIT, May 20- Takata Corp's record U.S. recall of potentially deadly air bag inflators could take years to complete, industry experts and safety advocates said, as automakers scrambled to line up replacement parts, some not from Takata.

  • Uniroyal celebrates 50th anniversary of giant tire Wednesday, 20 May 2015 | 5:22 PM ET

    ALLEN PARK, Mich.— Generations of motorists have passed by the world's largest tire, which sits alongside a busy stretch of Detroit- area freeway. On Wednesday, however, dozens of visitors enjoyed a different vantage point from which to check out the Giant Uniroyal Tire. The 80- foot-high, 11- to 12- ton tire— a car would have to be 200 feet tall to handle it— has stood...

  • Covisint reports 4Q loss Wednesday, 20 May 2015 | 4:33 PM ET

    DETROIT _ Covisint Corp. on Wednesday reported a loss of $12.2 million in its fiscal fourth quarter. On a per-share basis, the Detroit- based company said it had a loss of 32 cents. For the year, the company reported that its loss widened to $38.6 million, or $1.01 per share.

  • DETROIT, May 20- Takata Corp said on Wednesday it has boosted plans for production of replacement air bag inflators needed for recalled cars in which the potentially deadly part could spray occupants with metal shards. A spokesman for the Japanese air bag maker said the supplier will boost output to 1 million inflators a month by September, an increase of...

  • What you need to know about the Takata air bag recall Wednesday, 20 May 2015 | 12:02 AM ET

    DETROIT— A recall of air bags made by Japanese auto parts supplier Takata Corp. now has the dubious distinction of being the largest in U.S. history. A: Honda has the most vehicles equipped with Takata air bags. Dozens of models made by BMW, Chrysler, Ford, General Motors, Mazda, Mitsubishi, Nissan, Saab, Subaru and Toyota dating to the 2001 model year are also affected.

  • DETROIT— The U.S. government's highway safety agency has become more aggressive in enforcing auto safety rules and Fiat Chrysler and the industry will have to adjust, the company's CEO said Tuesday. Sergio Marchionne, who leads the company, told reporters that Fiat Chrysler will cooperate with the National Highway Traffic Safety Administration and answer...

  • WASHINGTON/ DETROIT, May 19- Japanese air bag manufacturer Takata Corp has agreed to declare nearly 34 million vehicles defective due to problems with air bag inflators, creating the largest automotive recall in American history, U.S. safety regulators said on Tuesday. Transportation Secretary Anthony Foxx said NHTSA also issued a consent order to Takata,...

  • WASHINGTON, May 19- Japanese air bag manufacturer Takata Corp has agreed to declare nearly 34 million vehicles defective due to problems with air bag inflators, creating the largest automotive recall in American history, U.S. safety regulators said on Tuesday. Transportation Secretary Anthony Foxx said NHTSA also issued a consent order to Takata, requiring...

  • WASHINGTON, May 19- Japanese air bag manufacturer Takata Corp is expected to declare about 33.8 million vehicles defective on Tuesday, a move that is expected to lead to the largest auto recall in U.S. history, the Detroit News reported, citing three officials briefed on the announcement. Takata had no immediate comment on the report. The number of vehicles with...

  • Takata air bag recall doubles to nearly 34 million Tuesday, 19 May 2015 | 1:54 PM ET

    WASHINGTON— Under pressure from U.S. safety regulators, Takata Corp. has agreed to declare 33.8 million air bags defective, a move that will double the number of cars and trucks included in what is now the largest auto recall in U.S. history. "We know that owners are worried about their safety and the safety of their families," said Mark Rosekind, head of the National...

  • US investigating Nissan Versa for alleged safety defect Tuesday, 19 May 2015 | 12:52 PM ET

    DETROIT— U.S. regulators are investigating the Nissan Versa subcompact after getting reports that a coil spring in the front suspension can fracture and cut the tires. The National Highway Traffic Safety Administration says it has gotten 93 complaints from drivers about the issue and one report of a crash. Nissan says it's cooperating with the investigation.

  • DETROIT, May 19- The compensation of JPMorgan Chase& Co CEO Jamie Dimon and other top bank executives for last year won support from only 61 percent of shareholder votes cast at the company's annual meeting on Tuesday, according to a preliminary tally. Lead independent director Lee Raymond said at the meeting that the board's method of setting pay properly...

  • DETROIT, May 19- Aston Martin will decide whether add production at another plant by the end of the year and it would likely be in the United States, the British luxury sports car maker's chief executive told Automotive News. CEO Andy Palmer told the industry publication on Tuesday that the U.S. state of Alabama is the "obvious choice" for a new plant to build the...

  • *Dow component Wal-Mart falls after results. May 19- U.S. stock were set to open higher on Tuesday after the European Central Bank suggested it would speed up bond buying, and investors shrugged off weak earnings from Wal-Mart. "The ECB's announcement to front-load its asset buying program certainly sparked the European markets and that's spilling over into the...