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  • DETROIT, April 21- Ford Motor Co will soon name Chief Operating Officer Mark Fields as successor to Chief Executive Alan Mulally, a person familiar with the plans said on Monday. Bloomberg earlier reported that Ford may make an announcement as early as May 1.

  • DETROIT, April 21- Ford Motor Co will soon name Chief Operating Officer Mark Fields as successor to Chief Executive Alan Mulally, Bloomberg reported on Monday.

  • Treasury Secretary Jack Lew will visit bankrupt Detroit this week to highlight the Obama administration's "continued commitment to the city's revitalization and explore ways to promote job creation and economic growth," according to an advisory his department released on Monday.

  • Mazda recalls 109,000 SUVs for rust issue Monday, 21 Apr 2014 | 12:24 PM ET
    2001–2004 Mazda Tribute wagon.

    Mazda is recalling 109,000 SUVs in the U.S. to address potential rusting frame parts in cold-weather states where road salt is heavily used in the winter.

  • DETROIT, April 21- Mazda Motor Corp is recalling 109,000 Tribute compact sport utility vehicles in the United States to address potential rusting frame parts in cold-weather states where road salt is heavily used in the winter. The SUVs were originally sold in 20 states and Washington, D.C., where salt is used to melt snow and ice on roads.

  • AAA Mich.: Gas prices rise 2 cents over past week Monday, 21 Apr 2014 | 9:31 AM ET

    DEARBORN, Mich.— AAA Michigan says gasoline prices have risen about 2 cents during the past week to a statewide average of about $3.74 per gallon. Of the cities it surveys, AAA Michigan says the cheapest price for self-serve unleaded fuel is in the Grand Rapids area, where it's about $3.68 a gallon.

  • DETROIT, April 21- U.S. safety regulators closed a four-year probe into power steering problems in almost 335,000 older Saturn Ions after General Motors Co recalled the cars, which are also part of an unrelated recall of defective ignition switches linked to at least 13 deaths.

  • Documents detail another delayed GM recall Saturday, 19 Apr 2014 | 1:54 PM ET

    DETROIT— General Motors waited years to recall nearly 335,000 Saturn Ions for power steering failures despite getting thousands of consumer complaints and more than 30,000 warranty repair claims, according to government documents released Saturday.

  • Mazda recalls 109,000 older SUVs for rust problem Friday, 18 Apr 2014 | 8:41 AM ET

    DETROIT— Mazda is recalling 109,000 Tribute SUVs in cold-weather states to fix rusting frame parts. The recall covers SUVs from the 2001 through 2004 model years. The SUVs were originally sold or registered in 20 states and Washington, D.C., where salt is used to clear snow and ice from roads.

  • Grant money increases for Michigan specialty crops Friday, 18 Apr 2014 | 4:02 AM ET

    LANSING, Mich.— Michigan could receive nearly $2 million in federal block grants for specialty crops as a result of the U.S. farm bill. The U.S. Department of Agriculture says $66 million is available nationwide to state departments of agriculture for specialty crops.

  • Apartheid abuse cases against Ford, IBM go ahead Thursday, 17 Apr 2014 | 7:58 PM ET

    NEW YORK— A federal judge on Thursday declined to toss out decade-old lawsuits that accuse IBM Corp. and Ford Motor Co. of supporting apartheid by letting their subsidiaries sell computers and cars to the South African government.

  • DETROIT, April 17- The federal judge overseeing Detroit's historic bankruptcy case has revived the idea of a regional water authority and also suggested the city may need court oversight after it emerges from bankruptcy.

  • IRS audits less than 1 percent of big partnerships Thursday, 17 Apr 2014 | 5:31 PM ET

    That means some of Wall Street's largest hedge funds and private equity firms are largely escaping close scrutiny by the IRS, said Sen. "Auditing less than 1% of large partnership tax returns means the IRS is failing to audit the big money," said Levin, who chairs the Senate subcommittee on investigations.

  • Attorney: Deal reached in sudden acceleration suit Thursday, 17 Apr 2014 | 5:12 PM ET

    FLINT, Mich.— An attorney representing the family of a 77- year-old Flint- area woman killed when her 2005 Toyota Camry slammed into a tree after alleged sudden acceleration confirms that a deal has been reached in a lawsuit against the carmaker.

  • GM 1Q global sales up 2 pct to 2.42M Thursday, 17 Apr 2014 | 3:28 PM ET

    DETROIT— General Motors says it sold 2.42 million cars and trucks in the first three months of the year, keeping it slightly ahead of Volkswagen in the global sales race. Sales leader Toyota has yet to release first quarter numbers but says it's on the way to selling 10.1 million vehicles this year.

  • Judge won't order recalled GM cars to be parked Thursday, 17 Apr 2014 | 1:11 PM ET

    DETROIT— A Texas federal judge has denied an emergency motion that would have forced General Motors to tell owners of more than 2 million recalled cars to stop driving them until the ignition switches are replaced. District Judge Nelva Gonzales Ramos issued her order Thursday in Corpus Christi.

  • The order by Judge Steven Rhodes comes after Detroit said in a court filing earlier this week that it had dropped the concept of a Great Lakes Water Authority from its plan to adjust $18 billion of debt and other obligations and exit from the biggest municipal bankruptcy in U.S. history.

  • How states fared on unemployment benefit claims Thursday, 17 Apr 2014 | 9:37 AM ET

    WASHINGTON— Applications for U.S. unemployment benefits increased slightly last week to a seasonally adjusted 304,000. The four-week average for claims dipped to its lowest level since October 2007, two months before the Great Recession began. California: Down 13,982, due to fewer layoffs in services. Iowa: Down 1,266, due to fewer layoffs in manufacturing.

  • AutoNation fights off winter; profit up 15 percent Thursday, 17 Apr 2014 | 8:19 AM ET

    FORT LAUDERDALE, Fla.— A late-March surge in car and truck buying helped dealership group AutoNation Inc. overcome subzero temperatures and waves of winter storms earlier in the year to post nearly a 15 percent increase in first-quarter net income.

  • BEIJING, April 17- Ford Motor Co's premium brand Lincoln may be late to China's luxury boom, but its top executives say the upscale car market still has plenty of steam left for growth to make its debut later this year worthwhile.

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