Detroit's housing scene is making a comeback but a shortage of inventory is holding back the recovery.» Read More
CNBC's Simon Hobbs, Morgan Brennan and Dominic Chu look at today's "Power Lunch" stories, including water shut-offs in Detroit, and Ralph Lauren's new smart shirts.
Ford told US dealers to stop test-driving and selling some recently made models due to steering gear issues.
Detroit may be moving to resolve its pension crisis, but New Jersey's pension problems are just heating up.
In a major step forward for Detroit's efforts to overcome bankruptcy, the city's retirees and active employees have approved a debt-cutting plan.
A crucial referendum looms in Detroit, as a clutch of creditors decide whether to approve a plan that would cut the cash-strapped city's debt.
In a country where owning a car has long been a symbol of luxury and success, around 85 percent of Chinese car buyers still buy cars with cash.
Expanding Medicaid eligibility will significantly affect uninsured rates in seven major cities, and bring them billions in federal money, according to a study.
If it succeeds, the city’s cost-cutting hybrid pension plan could be a model for solving government budget crises across the country.
A tentative agreement between the city of Detroit and its largest union would limit pension cuts to 4.5 percent instead of the proposed 27 percent cuts.
A settlement has been reached in Detroit's historic bankruptcy case over the treatment of unsecured limited-tax general obligation bonds.
Wiping out the abandoned and decrepit buildings could cost Detroit nearly $1 billion, and more over time.
New analysis shows that renting may prove to be a better decision than buying in major markets as prices rise and bargains disappear. The NYT reports.
Today, JPM CEO Jamie Dimon formally announces his company plans to invest $100 million in Detroit over the next five years. NBC's Matt Lauer talks to Dimon about why his company is making the investment.
Starting Wednesday, items from pretzel warmers to boxing rings and scoreboards used in the defunct Detroit-area venue will go up for auction.
In a rare example of a major carmaker making a smooth leadership transition, Ford has tabbed COO Mark Fields to succeed Alan Mulally as CEO.
The $11.2 billion loss includes a write-off in March of the government's remaining $826 million investment in 'old' GM, a Treasury watchdog said.
Former GM CEO Dan Akerson's compensation fell 18 percent last year to just over $9 million, which the firm said was due to the timing of stock awards.
GM posted lower quarterly profit after its massive recall, but results still topped expectations.
Mazda is recalling 109,000 SUVs in the U.S. to address potential rusting frame parts in cold-weather states where road salt is heavily used in the winter.
General Motors waited years to recall nearly 335,000 Saturn Ions for power steering failures despite getting thousands of consumer complaints