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  • Holiday travelers greeted by cheap gas, storms Wednesday, 26 Nov 2014 | 11:49 AM ET

    The 23- year-old Georgia man had a car full of passengers when he pulled over Wednesday to fill up his tank in Atlanta. He hoped to make it to Chattanooga, Tennessee, within a few hours to see his 9- year-old goddaughter, who is being treated at the Ronald McDonald House. One traffic jam aside, the low gas prices made the cost a bit easier, he said, though he laughed about...

  • US agency threatens to act against air bag maker Wednesday, 26 Nov 2014 | 11:38 AM ET

    DETROIT— A dispute between U.S. safety regulators and air bag maker Takata Corp. escalated Wednesday when the government threatened fines and legal action if the company fails to admit that driver's air bag inflators are defective and to agree to a nationwide recall. In a letter to Takata's Washington office, the National Highway Traffic Safety...

  • In Britain, US turkey dinner is big for business Wednesday, 26 Nov 2014 | 4:05 AM ET

    Thanksgiving isn't a holiday in Britain, but you might be forgiven for being fooled. That's because there are so many Americans in Britain these days that dozens of businesses have started selling the goods they need to celebrate. Greg Klaes, a Detroit native who used to teach science on U.S. military base schools, started growing pumpkins 30 years ago so his...

  • That was the day 100,000 tonnes of metal being stored in LME-registered sheds in Detroit were canceled prior to physical load-out. The cancellations created an instantaneous bottleneck at Metro International, the dominant LME warehouse operator in Detroit. A relatively benign load-out queue of just over 20 days at Detroit mushroomed to a monster queue of...

  • US closes Impala brake probe with no recall Tuesday, 25 Nov 2014 | 9:30 AM ET

    DETROIT— A U.S. safety agency has ended an investigation into Chevrolet Impala electronic braking systems without seeking a recall. The National Highway Traffic Safety Administration began looking into potential problems with nearly 106,000 2014 Impalas in April after getting two reports of unwanted braking. Investigators analyzed crash data and...

  • US closes Ford steering probe without recall Tuesday, 25 Nov 2014 | 8:45 AM ET

    DETROIT— U.S. safety regulators have closed an investigation into steering problems in more than 500,000 Ford full-size cars without seeking a recall. The National Highway Traffic Safety Administration began investigating problems in the 2004 through 2007 Ford Crown Victoria and Mercury Grand Marquis and Marauder cars in July. The agency was looking into...

  • Mazda recalls cars to fix tire pressure monitors Tuesday, 25 Nov 2014 | 8:22 AM ET

    DETROIT— Mazda is recalling nearly 100,000 midsize cars in the U.S. to fix a problem with the tire pressure monitoring system. Mazda says the problem hasn't caused any crashes or injuries. Mazda will notify owners by letter.

  • Honda admits under-reporting serious US accidents Tuesday, 25 Nov 2014 | 1:10 AM ET

    Honda failed to notify U.S. safety regulators of 1,729 claims of injuries and deaths related to accidents in its vehicles since 2003.

  • The Japanese automaker's U.S. arm responded to a Nov. 3 order from the National Highway Traffic Safety Administration, seeking an explanation for why Honda failed to fulfill its legal obligation to report deaths and injuries, especially those involving air bags. Honda and Japanese supplier Takata Corp have been at the center of investigations of defects in...

  • Honda admits failing to report deaths, injuries Monday, 24 Nov 2014 | 4:55 PM ET

    DETROIT— Honda is admitting that it failed to report more than 1,700 injury and death claims about its vehicles to U.S. safety regulators, a violation of federal law. The agency said at the time that Honda may have failed to report incidents related to air bags made by Takata Corp. as well as other defective parts. Honda has recalled more than 5 million vehicles in...

  • Honda said in a statement that its count of underreported claims came from a third-party audit. Honda and Japanese supplier Takata Corp have been at the center of investigations of defects in Takata air bags. Since 2008, Honda has recalled more than 7.5 million U.S. cars because defects can cause the inflators in some Takata air bags to rupture, spraying metal...

  • Woman cleared in fatal car wreck after GM letter Monday, 24 Nov 2014 | 3:05 PM ET

    HOUSTON— A Texas judge cleared a woman Monday for a car accident that killed her fiance in 2004, after General Motors acknowledged that her car would have been among millions being recalled for a problem that may have contributed to the death. Candice Anderson was driving a 2004 Saturn Ion when it suddenly veered off a road about 60 miles east of Dallas and...

  • DETROIT, Nov 24- Detroit is eying a date between Dec. 8 and 10 for its debt adjustment plan to take effect, allowing the city to exit the biggest-ever municipal bankruptcy, an attorney said on Monday. Heather Lennox, Detroit's attorney with law firm Jones Day, told U.S. Bankruptcy Court Judge Steven Rhodes that the city expects to complete a budget that incorporates...

  • Automakers aim to drive away car computer hackers Monday, 24 Nov 2014 | 9:19 AM ET

    LOS ANGELES— Against the team of hackers, the poor car stood no chance. Meticulously overwhelming its computer networks, the hackers showed that— given time— they would be able to pop the trunk and start the windshield wipers, cut the brakes or lock them up, and even kill the engine. "You're stepping into a rolling computer now," said Chris Valasek, who helped catapult car...

  • Questions, answers about Detroit's bankruptcy Monday, 24 Nov 2014 | 1:05 AM ET

    DETROIT— The city of Detroit said Monday it needs more time to wrap up critical deals with creditors before it will be ready to officially emerge from bankruptcy. Detroit now says it could be ready by Dec. 8, and Judge Steven Rhodes set another hearing for Dec. 15. A: Detroit is poised to borrow $275 million from Barclays Capital, much of it to pay off other obligations...

  • Flights resume at Detroit airport after ice delays Saturday, 22 Nov 2014 | 9:53 AM ET

    ROMULUS, Mich.— Flights are starting to resume at Detroit Metropolitan Airport after icy runways kept planes from arriving and departing. Conway says one Delta Air Lines plane landed around 7 a.m. but skidded off a taxiway into grass. Icy conditions have caused numerous accidents on Detroit- area roadways, including a multi-vehicle crash on M-14 in western Wayne...

  • Ford's new F-150 to get 26 mpg, tops among pickups Friday, 21 Nov 2014 | 11:57 AM ET

    DEARBORN, Mich.— Ford said Friday that its new aluminum-bodied F-150 pickup will get up to 26 mpg on the highway, making it the most fuel efficient gas-powered full-size pickup. With gas now averaging $2.84 per gallon, the aluminum F-150 will save the average buyer only $100 to $200 a year in fuel costs over competing gasoline models from General Motors and...

  • As snow ends, roof collapses, floods are concerns Friday, 21 Nov 2014 | 10:29 AM ET

    BUFFALO, N.Y.— A snowfall that brought huge drifts and closed roads in the Buffalo area finally ended Friday, yet residents still couldn't breathe easy, as the looming threat of rain and higher temperatures through the weekend and beyond raised the possibility of floods and more roofs collapsing under the heavy loads. More than 30 major roof collapses, most...

  • Executives brave frigid Detroit night for charity Friday, 21 Nov 2014 | 10:15 AM ET

    Forty business executives, college administrators and other professionals found out firsthand, for at least one night, what it's like to be homeless in Detroit. Andrea Fischer Newman, senior vice president for government affairs at Delta Air Lines, and Wayne State University President M. Roy Wilson and his wife, Jacqueline Wilson, were among those given a pair of...

  • "We are conducting a careful and thorough assessment of the costs and benefits of financial holding company engagement in these activities," Fed Governor Daniel Tarullo said in prepared remarks ahead of a Senate subcommittee hearing on the issue of banks' involvement with physical commodities. Goldman Sachs Group Inc, Morgan Stanley and J.P. Morgan built huge...