First in Detroit, then in Stockton, Calif., and now in New Jersey, judges and other top officials are challenging public pensions. The NYT reports.» Read More
DETROIT, Oct 2- General Motors Co said U.S. auto sales for September are estimated to be 14.6 million vehicles on a seasonally adjusted annualized basis. That figure would be slightly higher than the 14.5 million vehicles on an annualized basis in August. Honda Motor Co was the largest automaker by U.S. sales that had not yet reported monthly numbers.
By Deepa Seetharaman and Bernie Woodall. DETROIT, Oct 2- General Motors Co, the largest U.S. automaker, posted a small gain in September U.S. sales as demand for passenger cars offset a drop in pickup trucks, while Japanese automaker Toyota Motor Corp reported a large sales increase.
DETROIT-- Interest rates are low, trade-in values are high, and carmakers are rolling out attractive new models in key areas. All of these factors combined to keep auto sales strong in September.
DETROIT, Oct 1- Fisker Automotive, maker of the Karma plug-in hybrid, has held discussions with potential strategic partners as the automaker looks to cut costs and raise money to build its second hybrid model, the Atlantic.
DETROIT-- Union leaders want striking Detroit Water and Sewerage workers to comply with a judge's order and go back on the job. Despite the request, Michigan AFSCME Council 25 President Al Garrett says Monday in a release that the union understands "the frustration felt by the hard working men and women in the water department."
DETROIT-- Electric car maker Fisker Automotive is talking with other car companies about sharing parts and technology. The company, based in Anaheim, Calif., is also preparing for a public offering of stock that would help it raise money for new vehicles, Fisker's new CEO Tony Posawatz said Monday during a speech to the Automotive Press Association.
With Pocono officially back on the IndyCar schedule after a 23- year absence, Carpenter wanted to pick up as many tips as possible from someone with experience at "The Tricky Triangle." The return to Pocono is being celebrated as a nod to IndyCar's history and tradition.
*Fisker CEO says the Atlantic sedan, the company's second model, will be built. on a new platform that can be used to build cars for different global markets. *Fisker CEO, when asked about being acquired, says company has had discussions.
DETROIT-- Workers rejected a judge's "ridiculous" order Monday to end a strike protesting job cuts at the Detroit regional water department, a union lawyer said. Union attorney George Washington called federal Judge Sean Cox's injunction "outrageous" and said he would file a motion to dissolve it.
TORONTO-- The Great One is optimistic about the NHL's labor situation. Wayne Gretzky thinks the league's lockout will end before the showcase Winter Classic between the Detroit Red Wings and Toronto Maple Leafs.
DETROIT-- Honda is recalling 600,000 Accord midsize cars in the U.S. and Canada to fix a faulty power steering hose that can leak fluid and cause a fire. Honda has a report of one fire but no injuries or crashes. Any owner who suspects a leak should take their car to a dealer for inspection, Honda spokesman Ed Miller said Monday.
DETROIT-- Honda is recalling 573,000 Accord midsize cars in the U.S. to fix a defective power steering hose that can leak fluid and catch fire. Honda says one fire was reported but no injuries. The National Highway Traffic Safety Administration says the hoses can deteriorate prematurely, causing cracks and leaks.
Oct 1- Honda Motor Co Ltd is expanding a recall in North America to include more than 600,000 Accord mid-size sedans to address a potential power steering fluid leak problem that could cause a fire under the hood.
DETROIT-- Auto parts maker Visteon Corp. has named former Dura Automotive CEO Timothy Leuliette as its new chief executive. Leuliette, 62, had been Visteon's interim CEO and chairman since Aug. 10, when Don Stebbins stepped down from the posts.
Retail gasoline prices in the U.S. Midwest were as much as 50 cents higher than in the rest of the country this week, and a number of contributing factors are to blame.
Though Detroit already has several business incubators, the Green Garage, they say, will walk a different path. Instead of focusing on acceleration, it will work to build a start-up culture that's a rough analogue of the slow-food movement: intimate, deliberate, unhurried.
As the world gets more crowded and landfills fill up more of the land, people are looking for ways to build homes using fewer raw materials and more repurposed old materials.
It’s that time again — Big Jobs Friday. Of course, we turn to the great Zoltar Fortune Telling Machine of the economy — the Internet — to read the cards.
CNBC's Brian Shactman explains how technology businesses are helping Detroit's economy.
Can technology might reduce urban blight? Business and civic leaders in Detroit certainly hope so.