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  • Lincoln, a storied Detroit brand which Ford has owned since 1922, has been in a swoon for the past two decades, leaving dealers and customers wondering if Ford management had left the brand for dead. Now, with the renewed backing of Executive Chairman Bill Ford and the company's board, Fields has committed the automaker to a multiyear, multibillion-dollar...

  • What you need to know about massive air bag recall Friday, 24 Oct 2014 | 4:51 PM ET

    So far, more than 12 million vehicles worldwide with air bags made by Japanese parts supplier Takata Corp. have been recalled for the problem. There have been recalls in Japan, Europe, China and other areas. A: Chemicals that quickly inflate air bags during a crash are exploding with too much force in Takata air bags made from 2001 to 2011. This blows apart metal...

  • Oct 24- General Motors Co persuaded a federal appeals court to uphold the dismissal of a $3 billion lawsuit in which Spyker NV accused it of derailing a plan to sell the Swedish automaker Saab to a Chinese company. The 6th U.S. Circuit Court of Appeals in Cincinnati on Friday said Spyker failed to show GM intentionally interfered with the Dutch company's effort to...

  • Canada loses bid to make Ford engines to Mexico Friday, 24 Oct 2014 | 3:13 PM ET

    DETROIT— Canada has lost to Mexico in a bid to build engines for Ford Motor Co.. Canada wanted 1.5- liter and 1.6- liter engine production for the Ford Fiesta go to Ford's Windsor Engine or Essex Engine plants, which are both in Windsor, Ontario. Jake Enwright, a spokesman for Canadian Industry Minister James Moore, said Ford recently made an "unprecedented request"...

  • TORONTO, Oct 24- Ford Motor Co has rejected a pitch to make a new investment in its Windsor, Ontario, plants and decided to put the money in Mexico as the company originally planned, the head of Canada's main auto workers' union said on Friday. In a release, Unifor said the program would have created 1,000 new jobs in Windsor, one of Canada's auto manufacturing hubs,...

  • WASHINGTON/ DETROIT, Oct 24- The U.S. House committee looking into the defective air bags made by Japanese supplier Takata Corp will hold an initial briefing with U.S. safety regulators next week to learn the details of the regional recalls affecting 10 automakers, a committee aide said on Friday. The committee has not requested any documents on Takata at this...

  • TORONTO, Oct 24- Ford Motor Co has rejected a proposal to invest in engine plants in Windsor, Ontario, and decided to put the money in Mexico as the automaker originally planned, the head of Canada's main auto workers' union said on Friday. Unifor President Jerry Dias told Reuters a "last-minute" effort was made to divert program to Canada, but failed.

  • WASHINGTON/ DETROIT, Oct 24- The U.S. House committee looking into the defective air bags made by Japanese supplier Takata Corp will hold an initial briefing with U.S. safety regulators next week to learn the details of the regional recalls affecting 10 automakers, a committee aide said on Friday. NHTSA opened an investigation in June into the regional recalls...

  • Oct 24- E-cigarette seller Electronic Cigarettes International Group Ltd has postponed its public offering due to unfavorable market conditions, an analyst at underwriter Canaccord Genuity told Reuters on Friday. Grand Rapids, Michigan- based Electronic Cigarettes is among a number of e-cigarette companies whose stocks are traded over-the-counter in...

  • Con-way freight business will raise rates Monday Friday, 24 Oct 2014 | 11:18 AM ET

    NEW YORK— Trucking company Con-way said Friday its freight business will raise its rates on Monday. Con-way said the increase will offset higher costs, including greater compensation programs for drivers, regulatory compliance and equipment costs. Con-way Inc. gets the majority of its revenue from the freight business.

  • Evenflo recalls infant seats to fix sticky buckles Friday, 24 Oct 2014 | 8:48 AM ET

    DETROIT— Evenflo is recalling more than 202,000 rear-facing infant seats because the buckles can become difficult to unlatch. The recall comes after an investigation by the National Highway Traffic Safety Administration. Affected model numbers include 30711365, 31511040, 31511323, 31511400, 3151198, 3151953, 31521138, 46811205, 46811237,...

  • DETROIT, Oct 24- Ford Motor Co's third-quarter earnings fell 34 percent but beat Wall Street expectations on a strong showing in North America even as revenue fell due to the cost of introducing the F-150 pickup truck. Ford's third-quarter profit margin of 7.1 percent in North America lagged the 9.5 percent that crosstown rival General Motors Co reported on...

  • DTE Energy misses 3Q profit forecasts Friday, 24 Oct 2014 | 7:21 AM ET

    DETROIT _ DTE Energy Co. on Friday reported third-quarter net income of $156 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.11 per share. DTE Energy expects full-year earnings in the range of $4.28 to $4.42 per share.

  • Lear beats 3Q profit forecasts Friday, 24 Oct 2014 | 7:15 AM ET

    SOUTHFIELD, Mich. _ Lear Corp. on Friday reported third-quarter net income of $140.1 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.89 per share. Analysts expected $4.26 billion, according to Zacks.

  • Ford profit beats Street; sales down on F-150 launch Friday, 24 Oct 2014 | 7:04 AM ET

    DETROIT, Oct 24- Ford Motor Co's third-quarter earnings beat Wall Street expectations on a strong showing in North America and China even as revenue fell due to the cost of introducing the F-150 pickup truck. A 3 percent drop in third-quarter revenue to $34.9 billion is largely linked to the shutdown of the F-150 plant in Dearborn, Michigan.

  • Ford profit falls in third quarter on truck costs Friday, 24 Oct 2014 | 7:00 AM ET

    DEARBORN, Mich.— Ford's new aluminum-sided F-150 will be a lot lighter and more efficient when it goes on sale later this year. Net income dropped 34 percent to $835 million in the third quarter, largely due to the cost of launching the pickup. It's also building five plants in Asia and launching the luxury Lincoln brand in China.

  • Whirlpool closes on China deal in overseas push Friday, 24 Oct 2014 | 6:56 AM ET

    BENTON HARBOR, Mich.— Whirlpool has completed its acquisition of a majority stake in Chinese appliance maker Hefei Rongshida Sanyo Electric Co. for approximately $552 million. Whirlpool announced the transaction for a 51 percent stake in Hefei in August 2013, and less than a year later took a $1 billion stake in Italy's Indesit, as the American appliance maker...

  • Universal Truckload tops Street 3Q forecasts Friday, 24 Oct 2014 | 5:03 AM ET

    WARREN, Mich. _ Universal Truckload Services Inc. on Friday reported earnings of $13.1 million in its third quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 43 cents per share. Analysts expected $296.8 million, according to Zacks.

  • Sears refutes store-closing report Thursday, 23 Oct 2014 | 6:34 PM ET

    NEW YORK— Sears Holdings Corp. discredited a report Thursday that says it will be shuttering 116 Sears and Kmart stores, resulting in the layoffs of more than 6,000 workers. Broken down, closures include 55 Kmart stores, 30 Sears stores and 31 Sears Auto Center locations, according Seeking Alpha, citing liquidation sale notices. In an email sent to The Associated...

  • Compuware posts 2Q profit Thursday, 23 Oct 2014 | 4:39 PM ET

    DETROIT _ Compuware Corp. on Thursday reported net income of $9.2 million in its fiscal second quarter. The Detroit- based company said it had profit of 4 cents per share. Compuware shares have declined 11 percent since the beginning of the year.