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  • BMW recalls 1.6M 3-Series cars for air bag problem Wednesday, 16 Jul 2014 | 8:43 AM ET

    DETROIT— BMW is expanding a recall of its most popular models to fix an air bag problem that is hitting much of the global auto industry. Air bag inflators in systems made by Takata Corp. can rupture. The problem is responsible for millions of recalled vehicles during the past few years made by manufacturers such as Chrysler, Ford, Honda, Mazda, Nissan and Toyota.

  • Museum raises $80M toward Detroit bankruptcy deal Wednesday, 16 Jul 2014 | 4:02 AM ET

    DETROIT— The Detroit Institute of Arts says it has pledges for about 80 percent of the $100 million it promised toward an effort involving the state of Michigan and major foundations to prevent the sale of art and soften cuts to city retirees during Detroit's bankruptcy.

  • Locally-grown foods look to bigger business Wednesday, 16 Jul 2014 | 3:05 AM ET

    But with a steady supply of locally grown food from the Common Market food hub, Jefferson now serves vegetables like bok choy and asparagus, creamy yogurts from Amish country and omelets with locally sourced cage-free eggs and spinach.

  • NEW YORK, July 15- JPMorgan Chase& Co, the second-largest U.S. mortgage lender, is backing away from making home loans to less creditworthy borrowers after losing faith in its ability to recover much money from foreclosing on homes, even with government guarantees.

  • UPDATE 1-Ex-Ford chief Mulally joins Google's board Tuesday, 15 Jul 2014 | 5:14 PM ET

    SAN FRANCISCO, July 15- Google Inc has appointed former Ford Motor Co CEO Alan Mulally to its board of directors, drafting a seasoned Detroit executive into its ranks as it develops a self-driving car and tries to get its software into more automobiles.

  • Ex-Ford chief Mulally joins Google's board Tuesday, 15 Jul 2014 | 4:23 PM ET

    SAN FRANCISCO, July 15- Google Inc has appointed former Ford Motor Co CEO Alan Mulally to its board of directors, drafting a seasoned Detroit executive into its ranks as it develops a self-driving car and tries to get its software into more automobiles.

  • NEW YORK, July 15- JPMorgan Chase& Co, the second-largest U.S. mortgage lender, is backing away from making home loans to less creditworthy borrowers after losing faith in its ability to recover much money from foreclosing on homes, even with government guarantees.

  • Residents trained to aid Detroit's fight on blight Tuesday, 15 Jul 2014 | 4:01 AM ET

    DETROIT— One of the latest weapons helping Detroit in its long battle with blight and vacant houses isn't a super-powered bulldozer or millions of dollars in funding for demolitions.

  • VW to build new SUV in Tennessee, add 2,000 jobs Monday, 14 Jul 2014 | 9:09 AM ET

    NASHVILLE, Tenn.— Volkswagen plans to build a new seven-passenger SUV at its factory in Chattanooga, Tennessee, adding about 2,000 factory jobs as it tries to reverse U.S. sales that have fallen for the past two years.

  • RPT-ANALYSIS-GM's Cadillac at a crossroads - again Saturday, 12 Jul 2014 | 7:00 AM ET

    DETROIT, July 12- Incoming Cadillac President Johan de Nysschen- the brand's third boss in two years- faces a daunting task that his predecessors failed to complete: How to reposition General Motors Co's 112- year-old premium brand as a true competitor to BMW and Mercedes-Benz.

  • ANALYSIS-GM's Cadillac at a crossroads - again Friday, 11 Jul 2014 | 5:37 PM ET

    DETROIT, July 11- Incoming Cadillac President Johan de Nysschen- the brand's third boss in two years- faces a daunting task that his predecessors failed to complete: How to reposition General Motors Co's 112- year-old premium brand as a true competitor to BMW and Mercedes-Benz.

  • Syncora, which insures some of the city's bonds and interest-rate swaps, appealed an Aug. 28, 2013 ruling by U.S. Syncora's attorney, James H.M. Sprayregen at law firm Kirkland& Ellis LLP, said an appeal will be filed with the U.S. Sixth Circuit Court of Appeals.

  • TOKYO/ DETROIT, July 11- General Motors Co said on Friday it has hired Johan de Nysschen, chief of Nissan Motor Co's Infiniti premium brand, to run its Cadillac division. De Nysschen, 54, will report to GM President Dan Ammann, who cited the executive's experience with Volkswagen's Audi luxury brand.

  • TOKYO/ DETROIT, July 11- The chief of Nissan Motor Co's Infiniti premium brand, Johan de Nysschen, is leaving two years after he joined the Japanese carmaker, a Nissan spokeswoman said on Friday. General Motors Co has hired de Nysschen, 54, to run its luxury Cadillac brand, a source familiar with the plans who asked not to be identified said on Friday.

  • Cutoff passes in Detroit bankruptcy creditor vote Friday, 11 Jul 2014 | 4:02 AM ET

    DETROIT— The deadline passed Friday for thousands of creditors to vote on Detroit emergency manager Kevyn Orr's bankruptcy restructuring plan for the city. Ballots had to be received no later than 5 p.m. EDT by a consulting company in California to be counted in the largest municipal bankruptcy in U.S. history.

  • GM to recall 28,789 Saab cars for safety defect Wednesday, 9 Jul 2014 | 6:04 PM ET

    DETROIT— General Motors is recalling 28,789 Saab convertibles because the driver's seat belt retractor can break. The recall involves vehicles from the 2004-2011 model years. GM owned Saab at the time many of the vehicles were made.

  • Harley-Davidson recalling 66,421 motorcycles Wednesday, 9 Jul 2014 | 3:05 PM ET

    DETROIT— Harley-Davidson is recalling 66,421 Touring and CVO Touring motorcycles from the 2014 model year because their front wheels can lock up without warning. Harley-Davidson Inc. says the front brake line can get pinched between the fuel tank and the frame. Harley-Davidson will notify owners later this month.

  • Report: Detroit art valued at more than $4.6B Wednesday, 9 Jul 2014 | 2:07 PM ET

    DETROIT— Treasures in the Detroit Institute of Arts eyed for sale by some creditors in the city's historic bankruptcy could be worth more than $4.6 billion, but likely would fetch a quarter of that or less in a forced liquidation, according to a new report.

  • SACRAMENTO, Calif., July 8- The judge in Stockton, California's bankruptcy on Tuesday ruled that the city has collateral worth $4.052 million with which it could pay holdout creditor Franklin Templeton, dismissing the city's contention its collateral was worthless.

  • July 7- United Airlines said on Monday it plans to outsource more than 630 union jobs at 12 U.S. airports in a cost-saving move. United Airlines would shift these jobs from its payroll and hire other companies to provide the employees, under the outsourcing plan. "This is a bad business decision for United Airlines," Carlson said.