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  • DETROIT, March 23- General Motors Co and Ford Motor Co have much higher labor costs than their cross-town rival Fiat Chrysler, according to a new study released just ahead of a meeting of United Auto Workers officials as they prepare for contract talks with the Detroit Three. Ford Motor Co's hourly labor costs were $57, just behind GM's at $58.

  • WASHINGTON, March 23- U.S. home resales rebounded modestly in February against the backdrop of a persistent shortage of properties on the market, a trend that could undermine the spring selling season. The Fed singled out housing as a sector that remains slow, and it still is, but that doesn't mean the Fed shouldn't hike rates, "said Joel Naroff, chief economist at...

  • GM ignition switch death toll rises to 74 Monday, 23 Mar 2015 | 12:15 PM ET

    DETROIT— Families of at least 74 people killed in crashes caused by defective General Motors ignition switches will get compensation from the company. Attorney Kenneth Feinberg, who was hired by GM to compensate victims, updated the total Monday. The fund received a total of 4,342 claims by the Jan. 31 deadline.

  • DETROIT— U.S. safety regulators are investigating complaints that two Nissan recalls didn't go far enough to fix a problem with front-seat air bag seat sensors. Nissan maintains the fixes took care of the problem. In documents posted Sunday, NHTSA said Nissan and Infiniti owners complained that after getting recall repairs, the passenger air bag status light...

  • DIARY- Top Economic Events to April 3 Friday, 20 Mar 2015 | 8:01 PM ET

    MONDAY, MARCH 23 BRUSSELS- European Central Bank President Mario Draghi speaks at the quarterly hearing before the Committee on Economic and Monetary Affairs of the European Parliament- 1400 GMT. PODGORICA, Montenegro- European Central Bank policymaker Benoit Coeure speaks at an event to celebrate the conclusion of a cooperation program organized by the...

  • NEW YORK, March 20- The bill is growing for New Jersey's attempt to revive Atlantic City, its financially distressed gambling hub. The information sheds further light on how much New Jersey taxpayers will shell out for Governor Chris Christie's decision to appoint an emergency manager for the resort city, a move that was opposed by many including Atlantic...

  • DIARY- Top Economic Events to April 1 Thursday, 19 Mar 2015 | 8:01 PM ET

    MIAMI, United States- U.S Treasury Secretary Jack Lew will participate in a moderated conversation hosted by the Greater Miami Chamber of Commerce and Miami Dade College. ATHENS, United States- Federal Reserve Bank of Atlanta President Dennis Lockhart speaks on monetary policy and the economic outlook before the Georgia Law Review Symposium- 1420 GMT.

  • DETROIT— General Motors CEO Mary Barra will be questioned this fall by lawyers suing GM over its defective ignition switches. A trial is scheduled for January 2016 in U.S. District Court in New York. Barra told Congress she learned about the defective switches in December 2013, a month before GM began recalling 2.6 million affected vehicles.

  • Atlantic City rejected by voters on new Monopoly games Thursday, 19 Mar 2015 | 3:10 PM ET

    Atlantic City is where the Monopoly board game began, but voters in a global contest to pick cities for new editions of the 80- year-old game have turned their attention elsewhere. According to results released Thursday— the 80th birthday of Monopoly— Atlantic City, whose streets provided the names for the game's squares when it was created in 1935, did not make...

  • March 19- Tesla Motors Inc will soon offer upgrades including hands-free steering on its Model S sedan, Chief Executive Officer Elon Musk said on Thursday, but the news did not help the electric carmaker's volatile shares which fell more than 2 percent. General Motors Co has said it plans to offer a similar set of hands-free driving features next year on its new...

  • March 19- Tesla Motors Inc plans to offer hands-free steering on its Model S sedan in about three months, Chief Executive Officer Elon Musk said Thursday. The automatic steering feature, which will be available only when driving on the highway, will be part of a continuing series of free software upgrades delivered wirelessly to Model S owners, Musk said.

  • March 19- Tesla Motors Inc plans to offer automatic steering on its Model S sedan in about three months, Chief Executive Elon Musk said Thursday. The feature will be part of a continuing series of free software upgrades delivered wirelessly to Model S owners, Musk said. The electric car maker also announced the release of a new Range Assurance feature that will...

  • DETROIT— Tesla Motors is updating its Model S electric car to help ease drivers' worries about running out of battery charge— and is hinting that in the future drivers can take their hands off the wheel altogether. "You don't need to think ahead and make any calculations," Tesla CEO Elon Musk said during a conference call to announce the update. Musk said Tesla is also...

  • Honda adds 105,000 vehicles to driver's air bag recall Thursday, 19 Mar 2015 | 7:24 AM ET

    Honda says it's the first recall of 2008 Pilots for potential problems with driver's air bags made by Takata Corp. of Japan. With the added vehicles, Honda has now recalled 5.5 million Honda and Acura cars and SUVs nationwide from the 2001 to 2011 model years because of the air bag problems. Honda says in documents posted Thursday by U.S. safety regulators that it...

  • DIARY- Top Economic Events to March 31 Wednesday, 18 Mar 2015 | 8:01 PM ET

    LONDON- Bank of England Chief Economist Andy Haldane speaks at the BizClub lunch- 1350 GMT. STOCKHOLM- Sweden's Riksbank Deputy Governor Cecilia Skingsley will participate in an open hearing at the Riksdag Committee on Finance on the future development of cash handling- 0800 GMT. FRANKFURT- Germany's Bundesbank board member Carl-Ludwig Thiele to speak on "...

  • UPDATE 2-GM says to shut Russian plant as sales slide Wednesday, 18 Mar 2015 | 11:26 AM ET

    *Car sales slide in Russia. MOSCOW, March 18- General Motors Co will shut its Russian factory and wind down its Opel brand in the country to try to survive a deepening downturn in the auto market, the U.S. carmaker said on Wednesday. After several years of growth in excess of 10 percent, car sales in Russia shrank in 2014 as the economy weakened because of Western...

  • General Motors beats a retreat out of Russia Wednesday, 18 Mar 2015 | 9:06 AM ET

    MOSCOW— General Motors will slash production in Russia and pull its mass-market Opel brand completely in the face of plummeting sales in the economically troubled country. Opel will leave the Russian market by December, with Chevrolet production cut back significantly to focus on top-end products such as the Corvette sports car and Tahoe SUV, which are...

  • Ford GT supercar will be company's most expensive ever Tuesday, 17 Mar 2015 | 2:27 PM ET

    DETROIT— The Ford GT supercar will be Ford Motor Co.' s priciest vehicle ever when it goes on sale next year. Ford revealed the 600- horsepower, carbon fiber GT at the Detroit auto show in January. The GT will sit atop Ford's new performance division, which includes the F-150 Raptor pickup and souped-up versions of the Mustang, Focus and Fiesta.

  • Nick Khouri, senior vice president of corporate affairs at DTE Energy in Detroit, will be the third treasurer since the Republican governor took office in 2011. Khouri starts April 20 unless the state Senate objects. Before joining DTE in 1999, Khouri was a vice president at Public Sector Consultants in Lansing, chief deputy treasurer in former Republican Gov.

  • DETROIT— Veronika Scott simply wanted to get an "A'' on her product design project. Scott, 25, built a nonprofit, the Empowerment Plan, which employs and trains homeless single parents to manufacture the coats that were her project for a class at Detroit's College for Creative Studies four years ago. "If I get stuck out in the cold, I can stay warm," said Timothy Harrington,...