The city of the broad shoulders is facing its own financial problems, but comparisons to Detroit are far off the mark.» Read More
PARIS-- The extent of the European car industry's troubles was laid bare Wednesday, when France's government tossed a financial lifeline to the continent's No. 2 automaker, Peugeot Citroen, and Ford said it would shut a plant in Belgium, cutting 9,500 jobs.
*Asbury plans to repurchase $25 M- $30 M of stock per year. Oct 23- U.S. auto dealership groups Sonic Automotive Inc and Asbury Automotive Group Inc posted higher third-quarter adjusted earnings as vehicle sales rose and costs stayed about flat.
LANSING, Mich.-- Nearly two dozen community health centers in Michigan are getting funding from the U.S. Health Resources and Services Administration. The Michigan Department of Community Health announced Tuesday that the money for 22 centers aims to enhance the quality of care and allow more women to be screened for cervical cancer.
Nearly half of all robberies in San Francisco this year are cell phone-related, police say, and most occur on bustling transit lines. And, in nearby Oakland, City Council candidate Dan Kalb was robbed at gunpoint of his iPhone Wednesday after he attended a neighborhood anti-crime meeting.
DETROIT-- The National Highway Traffic Safety Administration is investigating complaints that children have been trapped in Graco car seats because the buckles won't unlatch.
Chrysler Group LLC, the maker of Jeeps, sold another 18,000 in Canada. In one complaint, a Subaru driver told NHTSA that on May 2, a Patriot's engine died while it was on Interstate 5 on the West Coast. The Subaru was behind the Patriot when it happened, and the woman driving the SUV did not hit the brakes, according to the complaint. "
DETROIT-- Federal safety regulators are investigating complaints that Jeep Patriot SUV engines can stall without warning at highway speeds. The probe by the National Highway Traffic Safety Administration affects about 112,000 Patriots from the 2011 and 2012 model years. The U.S. safety agency says it received a dozen complaints about stalling.
DETROIT-- Stan Ovshinsky, the self-taught inventor who developed the nickel-metal hydride battery used in the hybrid vehicle industry, has died at his home in suburban Detroit after a fight with cancer. His son, Harvey Ovshinsky, said his father was passionate about science and alternative energy, but also about civil rights and other social causes.
DETROIT-- Harley-Davidson Inc. rose Thursday after a Goldman Sachs analyst upgraded the shares, telling investors that the low price and looming motorcycle sales increases make the shares attractive. Analyst Patrick Archambault upgraded Harley from "Neutral" to "Buy," and raised his six-month price target by $3 to $54.
TROY, Mich.-- Chemical giant DuPont Co. is opening an innovation center in suburban Detroit that's aimed at speeding the introduction of new products for the automotive industry. It is DuPont's eighth-such center and is located at its Automotive Development Center in Troy.
On Tuesday, the NHL made its strongest, and most public, pitch yet to save a full season. "I hope we can get going ASAP," Red Wings defenseman Niklas Kronwall told The Associated Press on Wednesday. " Fehr met with the union to formulate a response, and in a letter to players and agents said the management plan would cost his members more than $1.6 billion over six years.
DETROIT-- A federal judge in California has dismissed a lawsuit challenging the use of Albert Einstein's image in a magazine ad by General Motors. The Detroit News says the Hebrew University of Jerusalem filed the lawsuit against GM. Information from: The Detroit News, http://detnews.com/.
NEW YORK-- Can't figure out how to dress as a binder full of women for Halloween? The Yellow One is flying off the shelves after Mitt Romney's threat to do away with government support for PBS.
Mitt Romney wrongly claimed that it took 14 days for President Barack Obama to brand the assault on the U.S. Consulate in Libya a terrorist act. Obama yet again claimed that ending the Afghanistan and Iraq wars makes money available to "rebuild America," even though it doesn't.
Apollo Group Inc. said Tuesday that its fiscal fourth-quarter net income tumbled 60 percent, hurt by higher costs and declining enrollment at the University of Phoenix.
NEW YORK-- Television ratings for baseball's division series are down from last year. Its two division series broadcasts _ Game 2 of Detroit- Oakland and Game 3 of St. Louis- Washington _ averaged a network-record 1.2 million viewers, whereas two afternoon games on TBS last season averaged nearly twice that. TBS is a unit of Time Warner Inc..
Transportation Secretary Ray LaHood says he's ready to start funding a light rail passenger line and fast bus lines in the Detroit area if state and regional officials can finally work together on ending the metro area's status as the nation's largest without mass transit.
DETROIT-- General Motors says production is set to begin late next year on a luxury version of its Chevrolet Volt hybrid. The automaker said Tuesday the Cadillac ELR will be assembled at the Detroit-Hamtramck Assembly plant.
DETROIT-- After years of struggling in the nascent market for electric cars, battery maker A123 Systems Inc. filed for bankruptcy protection Tuesday. The filing drew criticism from Republicans who claim the Obama administration has wasted millions of taxpayer dollars on alternative energy companies like A123.
DETROIT-- Ford is recalling more than 154,000 Fiesta subcompacts to fix a problem with the side air bags. The company says that if the front passenger seat is empty, the side air bag won't inflate to protect rear-seat passengers in some crashes. They were built in Mexico from Nov. 3, 2009 to Sept. 21, 2012.