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  • DETROIT, Jan 22- The Obama administration on Thursday will unveil a change to its safety ratings program that awards cars and trucks up to five stars in crash tests, the Detroit News reported. The head of the U.S. National Highway Traffic Safety Administration, Mark Rosekind, said the change in the five-star New Car Assessment program will be announced by...

  • DETROIT, Jan 22- Johnson Controls Inc on Thursday posted a higher-than-expected quarterly profit and said it expected higher order rates for the rest of its fiscal year. In October, Johnson Controls said it would earn 74 cents to 77 cents a share. Milwaukee- based Johnson Controls said it still expected a full-year profit of $3.55 to $3.70 a share, excluding...

  • DETROIT, Jan 22- Johnson Controls Inc on Thursday posted a higher-than-expected quarterly profit and affirmed its fiscal-year outlook. Net income rose 12 percent to $507 million, or 76 cents a share, in the first quarter ended Dec. 31 from $451 million, or 69 cents a share, a year earlier. In October, Johnson Controls said it would earn 74 cents to 77 cents a share.

  • ATLANTIC CITY, N.J.— In naming an emergency manager for Atlantic City on Thursday, New Jersey Gov. Neither man would say whether a Detroit-style bankruptcy filing is in store for Atlantic City, calling such talk premature. But the emergency order Christie issued gives Lavin the power "to place the finances of Atlantic City in stable condition on a long-term basis...

  • The Brookings Institution and JPMorgan Chase ranked 300 major cities worldwide for economic performance last year.

  • Low gas prices, incentives change math for electric cars Wednesday, 21 Jan 2015 | 4:57 PM ET

    U.S. gas prices have fallen more than $1 per gallon over the last 12 months, to a national average of $2.06, according to AAA. Incentives averaged $4,159 per electric car last year, up 68 percent from 2013, according to Kelley Blue Book. The discounting, combined with new vehicles such as the BMW i3, the electric Kia Soul and the Mercedes B Class, boosted sales of...

  • State's jobless rate off 0.4 points to 6.3 percent Wednesday, 21 Jan 2015 | 2:49 PM ET

    LANSING, Mich.— Michigan's seasonally adjusted unemployment rate continued its rapid decline last month, falling 0.4 percentage points to 6.3 percent and its lowest level in 12 years, the state said Wednesday. Michigan's unemployment rate is still higher than the national average, which fell 0.2 points to 5.6 percent in December. "Michigan continued to display...

  • UPDATE 1- Volvo names new U.S. chief as sales decline Wednesday, 21 Jan 2015 | 10:18 AM ET

    He will report to Volvo CEO Hakan Samuelsson. "Volvo is not only in the U.S. to stay, it is in the U.S. to prosper." Volvo faces an uphill battle in the U.S. market, the world's second largest behind China, given the product onslaught from the German luxury automakers BMW and Daimler's Mercedes, the renaissance at Toyota Motor Corp's Lexus brand and the turnaround efforts...

  • Volvo names new U.S. sales chief as sales decline Wednesday, 21 Jan 2015 | 9:22 AM ET

    He will report to Volvo CEO Hakan Samuelsson. "Volvo is not only in the U.S. to stay, it is in the U.S. to prosper." Volvo faces an uphill battle in the U.S. market, the world's second largest behind China, given the product onslaught from the German luxury automakers BMW and Daimler's Mercedes, the renaissance at Toyota Motor Corp's Lexus brand and the turnaround efforts...

  • Toyota remains top in global vehicle sales, beats VW, GM Wednesday, 21 Jan 2015 | 12:12 AM ET

    TOKYO— Toyota Motor Corp. stayed at the top in global vehicle sales in 2014, taking that auto industry crown for the third year straight, but was less upbeat about this year. The Japanese automaker sold 10.23 million vehicles, beating out Volkswagen and General Motors. Detroit- based General Motors Co. was third at 9.92 million vehicles, a company record and 2...

  • TOKYO— Toyota stayed top in global sales at 10.23 million vehicles in 2014, taking that auto industry crown for the third year straight. But in the numbers released Wednesday, Toyota Motor Corp. was less upbeat about the future. Volkswagen AG of Germany has said it sold 10.14 million vehicles in 2014. Detroit- based General Motors Co. was third at 9.92 million...

  • Ford Mustang goes global with first shipment to China Tuesday, 20 Jan 2015 | 11:17 AM ET

    DETROIT— The Ford Mustang is on its way to China. Ford says its first shipload of around 100 Mustangs has left Portland, Oregon, and is headed to China. The Explorer SUV and Lincoln MKC are also sold in China.

  • The Republican governor, weeks into his second four-year term, said in his fifth State of the State address that he will issue an executive order merging the Community Health and Human Services agencies into a new Department of Health and Human Services. "The system is failing folks," he said during a joint night session of the Legislature inside the House chamber.

  • Hyundai was among the leaders in every category, ranking number three overall behind Toyota Motor Corp and Robert Bosch. Hyundai, which along with sister company Kia Motor is fifth in global sales, has outperformed the overall auto market thanks to its stylish, yet affordable models, but experts say the duo lacks a technological edge to better compete with...

  • DETROIT— Federal regulators are investigating whether Ford Motor Co. should expand a 2013 safety recall of diesel trucks. But since then, the National Highway Traffic Safety Administration says it has received complaints from truck owners who didn't have the ambulance packages as well as owners who got the first repair. Ford spokeswoman Kelli Felker says...

  • DETROIT, Jan 16- U.S. safety regulators said on Friday they have opened an investigation into an estimated 50,415 newer Jeep Cherokee SUVs, a key model for the profitability of Fiat Chrysler Automobiles, after receiving complaints of engine compartment fires. The U.S. National Highway Traffic Safety Administration said it opened the preliminary evaluation...

  • Gov. Snyder vetoes bills on e-cigarette regulation Friday, 16 Jan 2015 | 10:58 AM ET

    Rick Snyder vetoed bills Friday to prohibit e-cigarettes from being regulated as tobacco products under Michigan law. The governor said Michigan would conflict with federal efforts to regulate the popular devices, which heat a nicotine solution to produce an odorless vapor. "Michigan should not enact new state law that is not consistent with a legally...

  • DETROIT— U.S. auto safety regulators are investigating engine compartment smoke or fire complaints in two Jeep Cherokees, and air bags that didn't inflate properly in two Nissan Rogues. The National Highway Traffic Safety Administration says in documents posted on its website Friday that the Cherokee probe covers 50,000 of the SUVs from the 2015 model year.

  • Atlantic City Mayor: At least we're not Detroit Thursday, 15 Jan 2015 | 5:02 PM ET

    ATLANTIC CITY, N.J.— Leave it to Don Guardian, the feel-good mayor of ailing Atlantic City, to put his city's woes into context. Atlantic City lost four of its 12 casinos last year, saw 8,000 jobs eliminated, and has lost nearly half its gambling revenue in the past eight years. Atlantic City has seen its casino revenue plunge from $5.2 billion in 2006 to $2.74 billion...

  • Innovation, optimism on display at Detroit auto show Wednesday, 14 Jan 2015 | 5:32 PM ET

    DETROIT— The mood is exuberant at this year's North American International Auto Show. Automakers are flush with profits and the show gleams with performance cars, beefy trucks and exciting experiments, from plug-in hybrids to cars carved by a 3- D printer. And I'm looking at 2015 and saying,' I can't even find a baby black swan,' "said Mike Jackson, CEO of the AutoNation...