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  • LANSING, Mich.— One of Michigan's largest state agencies is issuing layoff notices to about 100 workers this week due to a $7.5 million budget cut. Department of Human Services spokesman Bob Wheaton said Wednesday that many affected employees work in two offices in Detroit and the Grand Rapids area that are closing. He also said there will not be cuts in jobs that...

  • Google partners with auto suppliers on self-driving car Wednesday, 14 Jan 2015 | 2:02 PM ET

    DETROIT, Jan 14- Internet company Google Inc has begun discussions with most of the world's top automakers and has assembled a team of traditional and nontraditional suppliers to speed up efforts to bring self-driving cars to market by 2020, a top Google executive said on Wednesday. They've got a lot to offer, " Chris Urmson, director of Google's self-driving car...

  • Teamsters Union announces agreement to end US oversight Wednesday, 14 Jan 2015 | 1:59 PM ET

    WASHINGTON— The Teamsters Union and the Justice Department announced Wednesday they have reached an agreement to end the government's 25- year anti-corruption oversight of the 1.4- million member union. Attorney for the Southern District of New York, joined with the Teamsters in asking a federal judge to terminate the consent order that had been in place...

  • DETROIT, Jan 14- General Motors Co Chief Executive Officer Mary Barra said on Wednesday the largest U.S. automaker would increase its profit this year, as she counted on investors to give her a second chance after her first year behind the wheel was marred by a costly recall scandal. While GM gave no specific figures, it said it expects pretax earnings and profit...

  • DETROIT— The Detroit Auto Dealers Association Charitable Foundation Fund has awarded more than $4.2 million in grants over the past 15 years. Recipients include LACASA, which got $50,000; the Midnight Golf Program and SOS Community Services, which are getting $30,000 each; and Focus: HOPE, Neutral Zone and the Charles H. Wright Museum of African American History,...

  • DETROIT, Jan 14- General Motors Co on Wednesday forecast that its 2015 operating profit will increase from last year due mostly to growth in its two largest auto markets, China and the United States. Last year, Mary Barra's first as chief executive officer of the Detroit company, GM dealt with the recall of 2.6 million cars due to the faulty switch that led to...

  • GM predicts pretax earnings, profit margin rise in 2015 Wednesday, 14 Jan 2015 | 8:33 AM ET

    DETROIT— General Motors says it expects pretax earnings and profit margins to increase this year over last, after adjusting last year for recall costs. At a Deutsche Bank automotive conference in Detroit on Wednesday, GM also reiterated 2016 financial targets of 10 percent pretax profit margins in North America and a return to profitability in Europe, where it...

  • GM sees improved profit in 2015 on China, U.S. growth Wednesday, 14 Jan 2015 | 8:00 AM ET

    DETROIT, Jan 14- General Motors Co on Wednesday forecast that its 2015 operating profit will increase from last year due mostly to growth in its two largest auto markets, China and the United States. It also said it remained on track for 2016 targets, including 10 percent profit margins in North America and a return to profits in Europe. Last year, Mary Barra's first...

  • NASHVILLE, Tenn.— A top Republican in the Tennessee General Assembly expects his colleagues to approve the state share of a $300 million incentive package for Volkswagen despite misgivings over a "secret deal" for the United Auto Workers union at the German automaker's plant in Chattanooga. House Republican leader Gerald McCormick of Chattanooga said...

  • DETROIT, Jan 13- Auto industry executives see nothing but blue skies in the U.S. market, especially compared with troubled Western European economies or slumping emerging markets. The disconnect between sales trends in the United States and regulatory demands is the hot topic among executives gathered for the annual Detroit auto show. "It's the CO2 stuff...

  • DETROIT, Jan 13- Tesla Motors Inc plans to boost production of electric cars to "at least a few million a year" by 2025 from fewer than 40,000 last year, Chief Executive Officer Elon Musk said Tuesday. Speaking at an industry conference in Detroit, Musk said Tesla may not be profitable until 2020. In addition, Tesla sales in China were unexpectedly weak in the fourth...

  • DETROIT— The head of electric car maker Tesla Motors says the company should turn a profit in five years after it brings a lower-cost car to market. It's also building a $5 billion battery factory in Nevada that is set to begin production in 2017.. He did say fourth-quarter sales fell in China because of customers' concerns about plugging in their vehicles if they...

  • IKEDA, Japan, Jan 14- When Daihatsu Motor Co launched the Mira e: S minicar in 2011, the Toyota affiliate thought it had found a model for emerging markets. The automotive keiretsu system, pioneered by parent Toyota Motor Corp. and widely adopted by rivals, was acclaimed across the world in the 1980 s and 1990 s as an ingredient in Japan Inc's success.

  • Musk in Motown: Urgent need for electric cars Tuesday, 13 Jan 2015 | 6:22 PM ET
    Elon Musk, co-founder and chief executive officer of Tesla Motors Inc.

    Elon Musk returned to Detroit on Tuesday afternoon saying he wants to promote the development of electric vehicles.

  • DETROIT, Jan 13- Tesla Motors Inc Chief Executive Elon Musk said on Tuesday that the electric luxury car maker's sales in China were "unexpectedly weak" during the fourth quarter, but sought to assure an audience in Detroit the problems are being fixed. Tesla shares fell 7 percent in after-hours trade to $190.50 from a close of $204.25 on the Nasdaq.

  • Tesla shares slump 7 pct on weak China sales Tuesday, 13 Jan 2015 | 5:49 PM ET

    Jan 13- Tesla Motors Inc shares slumped late on Tuesday after Chief Executive Elon Musk said the electric luxury car maker's sales in China were "unexpectedly weak" during the fourth quarter. But he assured an audience in Detroit the problems are being fixed. Tesla shares fell 7 percent in after-hours trade to $190.50 from a close of $204.25.

  • WASHINGTON, Jan 13- Michigan Governor Rick Snyder appointed a new emergency manager to Detroit Public Schools on Tuesday, a fresh attempt at fixing budget problems that span nearly a decade. Darnell Earley, emergency manager of the nearby town of Flint since September 2013, immediately replaced Jack Martin, who has completed his 18- month tenure of managing the...

  • Jan 13- Verizon Communications Inc unveiled an Internet and wireless car service on Tuesday that lets drivers of older cars get help during a breakdown or find out about repairs and maintenance that might be needed. The wireless company said at the Detroit auto show that it will make its "Verizon Vehicle" service available in the second quarter of this year.

  • Goodyear Tire shares fall after earnings warning Tuesday, 13 Jan 2015 | 2:16 PM ET

    NEW YORK— Shares of Goodyear Tire fell Tuesday after it warned that its fourth-quarter earnings may be hurt by the strong dollar, demand weakness in Europe and warmer-than-expected winter weather. The company, based in Akron, Ohio, made the announcements at Deutsche Bank's Global Auto Industry Conference in Detroit Tuesday. Shares of The Goodyear Tire& Rubber...

  • Hot cars at the Detroit auto show Tuesday, 13 Jan 2015 | 2:01 PM ET

    DETROIT— The North American International Auto Show begins this week in Detroit with media and industry previews. —LINCOLN MKX: Ford's luxury Lincoln brand unveiled the 2016 MKX midsize crossover, which sits between the smaller MKC and the Navigator SUV. Lincoln also has a 10- year exclusive deal with Revel— Harman Audio's premium brand— for the new MKX's 19-...