CNBC's Morgan Brennan reports on the water shutoffs in Detroit, and whether they're working.» Read More
DETROIT— Ford is recalling more than 160,000 vehicles in North America for two safety issues. The largest recall involves 159,395 Focus ST and Escape vehicles from the 2013 and 2014 model years. Ford Motor Co. will notify customers and repair the vehicles for free.
DETROIT, Aug 21- General Motors Co's premium Cadillac group is considering expanding its offices from Detroit to Manhattan, GM said Thursday, as part of an effort to remake the brand's image and broaden its appeal outside North America under new boss Johan de Nysschen.
DETROIT, Aug 21- Ford Motor Co has told its U.S. dealers to stop test-driving and selling C-Max and Focus models produced during a week this month because of potential problems with the steering gear assembly, a notice sent to dealers on Wednesday shows.
DETROIT— When the subcompact Fit failed a crash test, Honda went back to the drawing board. Honda engineers strengthened the welds on the front bumper beams, so energy from a crash would be spread over the entire front of the car.
DETROIT— Oscar-winning actor Matthew McConaughey is the new spokesman for Ford's luxury Lincoln brand. Lincoln says McConaughey will appear in a series of TV and digital ads featuring Lincoln's new small SUV, the MKC. The actor says in a statement that he's a longtime admirer of Lincoln.
Aug 20- Just over a quarter of Detroit's $5.2 billion of outstanding water and sewer revenue bonds were returned to the city for repurchase on Wednesday, 24 hours before the tender offer was due to expire.
DETROIT, Aug 20- Ford Motor Co plans to introduce a new hybrid gasoline-electric car in late 2018 to compete against the best-selling Toyota Prius, two sources with knowledge of the company's plans told Reuters on Wednesday. The sources said Ford eventually could offer several different body styles of the new hybrid, as Toyota does with the Prius.
NEW YORK— Women are a growing force in the business world, but if they own a company, they may still struggle to get a loan from a bank. Carrie Charlick and Marcia Cubitt have $4 million in sales but have been rejected for $500,000 credit lines since 2012. Their 11- year-old company, Essential Body Wear, sells women's underwear at parties at customers' homes.
DETROIT— The U.S. government is offering a free online service for drivers to find out if their vehicles have been recalled but not repaired. The National Highway Traffic Safety Administration said the service started Wednesday on its website, www.safercar.gov. Drivers can key in their vehicle identification number to get the results.
WASHINGTON, Aug 19- NGK Spark Plug Co has agreed to plead guilty and pay a $52.1 million criminal fine over its role in a conspiracy to fix prices and rig bids for spark plugs and other automotive parts, the U.S. Department of Justice said on Tuesday.
LONDON, Aug 19- The enigma machine that is the London aluminum market has shifted gears again. The front part of the London Metal Exchange curve has been tightening for several weeks now to the point that the shortest-dated spreads are currently in backwardation.
DETROIT— Recaro is recalling more than 39,000 child safety seats because they can let a child's head move too far in a crash. The recall covers ProSport model 385 seats made from June 16, 2010, to Jan. 31, 2013. The problem happens when the seats are installed with the lower latch anchors and without the top tether.
Dollar General enters bidding for Family Dollar. Dollar General Chairman and CEO Rick Dreiling said during a conference call Monday that the company had expressed interest in combining with Family Dollar multiple times over the last few years.
The probe covers trucks from the 2000 to 2012 model years made by Ohio- based Sutphen Corp.. The National Highway Traffic Safety Administration says two ladders fell after the trucks were recalled in May of last year. Six people were hurt in incidents in Belle Valley, Pennsylvania, and Hall County, Georgia.
Now, General Motors has an option on the 2015 Chevrolet Corvette that takes those worries away. The automotive website Edmunds.com says Hyundai and Mercedes offer "geofencing," a feature that sets a perimeter and then notifies the owner's smart phone if a car goes beyond it.
Aug 15- Electric carmaker Tesla Motors Inc said on Friday it had boosted warranty coverage on its Model S sedan, a week after an influential U.S. consumer magazine highlighted problems with the $70,000- plus vehicle. It purchased the car in January 2013 for $89,650.
DETROIT, Aug 15- Ford Motor Co is recalling nearly 160,000 Focus ST sedans and Escape crossovers from model years 2013-2014 to correct a wiring problem that could affect engine performance, the company said on Friday. There are no crashes or injuries attributed to the problem, Ford said.
"Restoring the Dyess Colony Administration Building, and even saving at least one of the typical colony houses, would have been a worthwhile project, even without the Johnny Cash connection," said Ruth Hawkins, the executive director of the Heritage Sites program at Arkansas State University.
Elio Motors wants to revolutionize U.S. roads with its tiny car, which is the same length as a Honda Fit but half the weight. Phoenix- based Elio plans to start making the cars next fall at a former General Motors plant in Shreveport, Louisiana.
Aug 14- The Detroit City Council on Thursday approved four bond issues to raise cash to pay settlements with some city creditors, according to the city clerk's office, offering a glimpse at how Detroit intends to finance its exit from the biggest-ever municipal bankruptcy.