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  • First sales in the United States are likely by the end of 2015, and sales in China about the same time, said Cadillac spokesman David Caldwell. If there is a lag between introduction in the United States and China, it will be a short one, he said.

  • GM's Cadillac to introduce high-end model Friday, 19 Sep 2014 | 7:36 AM ET

    DETROIT, Sept 19- As it strives to energize its Cadillac brand that once dominated the U.S. luxury auto market, General Motors Co said on Friday it will begin production of a new "top-end, high-technology car" by the end of 2015.. Its public debut will be in the first half of 2015. It will be built at GM's Detroit- Hamtramck plant.

  • GM to introduce new, high-end Cadillac next year Friday, 19 Sep 2014 | 6:55 AM ET

    DETROIT— General Motors will begin building a new, top-end Cadillac sedan late next year at its Detroit- Hamtramck assembly plant. The new Cadillac is part of a $384 million investment GM announced last spring in the assembly plant, which straddles the border of Detroit and the enclave of Hamtramck.

  • House GOP repackages election-year bills Thursday, 18 Sep 2014 | 7:03 PM ET

    The bills adopted Thursday are unlikely to be taken up in the Democratic-controlled Senate, and both face veto threats from the White House. They had already been passed by the House as separate legislation but stalled in the Senate.

  • DETROIT, Sept 18- The Detroit Institute of Arts is prepared to sue to prevent the sale of its collection if Detroit's plan for exiting bankruptcy is not approved, the museum's chief operating officer told U.S. Bankruptcy Court on Thursday.

  • DETROIT, Sept 18- A federal grand jury in Detroit on Thursday indicted seven executives from two Japanese auto parts makers on charges of price fixing, the U.S. Department of Justice said.

  • BEIJING/ DETROIT, Sept 18- Chinese auto parts producer Wanxiang Group, which bought stylish electric car pioneer Fisker Automotive from bankruptcy, is accelerating the relaunch of Fisker's Karma hybrid luxury car by using a design from the company's last year of production, people close to the companies said.

  • Google Inc got permits for testing 25 adapted Toyota Motor Corp Lexus SUVs, and two permits each went to Daimler AG's Mercedes-Benz and Volkswagen AG's Audi, said Bernard Soriano of the California Department of Motor Vehicles. Lexus, Mercedes-Benz and Audi are all luxury brand vehicles.

  • Mich. jobless rate off 0.3 points to 7.4 percent Thursday, 18 Sep 2014 | 12:14 PM ET

    LANSING, Mich.— The state says Michigan's seasonally adjusted unemployment rate dropped 0.3 percentage points to 7.4 percent in the latest month. The Michigan Department of Technology, Management& Budget released the August employment report Wednesday. The state says that Michigan's civilian labor force fell by 11,000 to 4.731 million in August.

  • Sept 18- Mercedes-Benz, the luxury brand of Daimler AG, has received one of the first California licenses for self-driving cars, the company said on Thursday.

  • How states fared on unemployment benefit claims Thursday, 18 Sep 2014 | 9:15 AM ET

    WASHINGTON— Substantially fewer people sought unemployment benefits last week, which often points to employers feeling more confident about the economy and hiring more workers.

  • Bloomberg, Buffett at Detroit small business event Thursday, 18 Sep 2014 | 4:02 AM ET

    DETROIT— More than 60 local business owners graduated Thursday from Goldman Sachs' 10,000 Small Businesses program and were cheered on by some high-profile people— former New York City Mayor Michael Bloomberg, billionaire investor Warren Buffett, Michigan Gov. Rick Snyder and Detroit Mayor Mike Duggan.

  • Sept 17- The Michigan Strategic Fund board gave final approval on Wednesday for the sale of up to $450 million of 30- year revenue bonds for a downtown Detroit arena that will be home to the National Hockey League's Detroit Red Wings.

  • Kent Hiteshew, director of the Treasury's newly-formed Office of State and Local Finance, told a meeting of bond attorneys that he was aware of concerns that the elimination of municipal bonds from the definition of banks' high-quality liquid assets could potentially limit bank demand for the debt, pumping up costs of new bond issuance.

  • Kent Hiteshew, director of the Treasury's newly-formed Office of State and Local Finance, told a meeting of bond attorneys that he was aware of concerns that the elimination of municipal bonds from the definition of banks' high-quality liquid assets could potentially limit bank demand for the debt, pumping up costs of new bond issuance.

  • WASHINGTON, Sept 17- Hackers associated with the Chinese government have repeatedly infiltrated the computer systems of U.S. airlines, technology companies and other contractors involved in the movement of U.S. troops and military equipment, a U.S. Senate panel has found.

  • WASHINGTON, Sept 17- Hackers associated with the Chinese government have repeatedly infiltrated the computer systems of U.S. airlines, technology companies and other firms involved in the movement of U.S. troops and military equipment, a U.S. Senate panel has found.

  • Meijer to pay $2M for selling recalled products Wednesday, 17 Sep 2014 | 12:48 PM ET

    WASHINGTON— Midwest retailer Meijer Inc. will pay $2 million to settle charges that the firm knowingly sold and distributed hundreds of recalled products. The Consumer Product Safety Commission says Meijer distributed at least a dozen different recalled products— from toys to vacuum cleaners— through a system it operated with a third-party contractor.

  • UPDATE 1-Judge pauses Detroit's bankruptcy trial again Wednesday, 17 Sep 2014 | 9:14 AM ET

    Bankruptcy Judge Steven Rhodes ordered a week-long break in Detroit's bankruptcy trial on Wednesday, giving the last major objector to the city's restructuring plan time to rework its case.

  • Environmentalist's group targets Maine Gov. LePage Wednesday, 17 Sep 2014 | 4:01 AM ET

    AUGUSTA, Maine— A California billionaire's political operation is entering Maine's three-way race for governor and will target 90,000 potential voters who it believes can help defeat Republican Gov.