Ford told US dealers to stop test-driving and selling some recently made models due to steering gear issues.» Read More
DETROIT— Oscar-winning actor Matthew McConaughey is the new spokesman for Ford's luxury Lincoln brand. Lincoln says McConaughey will appear in a series of TV and digital ads featuring Lincoln's new small SUV, the MKC. The actor says in a statement that he's a longtime admirer of Lincoln.
BATTLE CREEK, Mich.— A Michigan jury on Thursday rejected two men's claims that Enbridge Inc. should compensate them for what they say are losses because of a 2010 oil pipeline spill into the Kalamazoo River system. The Battle Creek Enquirer reported Thursday that the trial in Calhoun County Circuit Court was the first involving Enbridge.
Aug 20- Just over a quarter of Detroit's $5.2 billion of outstanding water and sewer revenue bonds were returned to the city for repurchase on Wednesday, 24 hours before the tender offer was due to expire.
DETROIT, Aug 20- Ford Motor Co plans to introduce a new hybrid gasoline-electric car in late 2018 to compete against the best-selling Toyota Prius, two sources with knowledge of the company's plans told Reuters on Wednesday. The sources said Ford eventually could offer several different body styles of the new hybrid, as Toyota does with the Prius.
NEW YORK— Women are a growing force in the business world, but if they own a company, they may still struggle to get a loan from a bank. Carrie Charlick and Marcia Cubitt have $4 million in sales but have been rejected for $500,000 credit lines since 2012. Their 11- year-old company, Essential Body Wear, sells women's underwear at parties at customers' homes.
Aug 20- Departures and primary losses for 28 Republicans in the U.S. House of Representatives have created opportunities for a new wave of conservative and Tea Party- backed candidates. The Republican nominee to replace him is Gary Palmer, a fund raiser for a conservative think tank in Alabama who is backed by the anti-tax group Club for Growth.
WASHINGTON, Aug 20- Mike Yack has left the workforce twice in the last eight years and calls himself retired, yet at age 62 the former General Motors employee does not consider his working life over. Yack, who says he can get by on Social Security and his GM pension, is among millions of Americans who could re-enter the U.S. labor force if the economy improves.
DETROIT— The U.S. government is offering a free online service for drivers to find out if their vehicles have been recalled but not repaired. The National Highway Traffic Safety Administration said the service started Wednesday on its website, www.safercar.gov. Drivers can key in their vehicle identification number to get the results.
WASHINGTON, Aug 19- NGK Spark Plug Co has agreed to plead guilty and pay a $52.1 million criminal fine over its role in a conspiracy to fix prices and rig bids for spark plugs and other automotive parts, the U.S. Department of Justice said on Tuesday.
LONDON, Aug 19- The enigma machine that is the London aluminum market has shifted gears again. The front part of the London Metal Exchange curve has been tightening for several weeks now to the point that the shortest-dated spreads are currently in backwardation.
DETROIT— Recaro is recalling more than 39,000 child safety seats because they can let a child's head move too far in a crash. The recall covers ProSport model 385 seats made from June 16, 2010, to Jan. 31, 2013. The problem happens when the seats are installed with the lower latch anchors and without the top tether.
Dollar General enters bidding for Family Dollar. Dollar General Chairman and CEO Rick Dreiling said during a conference call Monday that the company had expressed interest in combining with Family Dollar multiple times over the last few years.
The probe covers trucks from the 2000 to 2012 model years made by Ohio- based Sutphen Corp.. The National Highway Traffic Safety Administration says two ladders fell after the trucks were recalled in May of last year. Six people were hurt in incidents in Belle Valley, Pennsylvania, and Hall County, Georgia.
Now, General Motors has an option on the 2015 Chevrolet Corvette that takes those worries away. The automotive website Edmunds.com says Hyundai and Mercedes offer "geofencing," a feature that sets a perimeter and then notifies the owner's smart phone if a car goes beyond it.
WASHINGTON— Washington may be a sea of dysfunction, but the current Congress is offering a few reminders about how a bill becomes a law: compromise. However, when it came to improving veterans' health care, overhauling job training programs, authorizing water projects and "unlocking" cellphones for use in other networks, Congress managed to get the job done.
Aug 18- Weak demand for alternative fuel vehicles and increasing competition in Europe are weighing on Fuel Systems Solutions Inc at a time when its peers are riding a recovery in the U.S. auto industry.
The Labor Department said Monday that unemployment rates fell in eight states in July and were unchanged in 12. At the same time, hiring rose in 36 states, fell in 13, and was unchanged in Iowa. Mississippi had the highest unemployment rate in July, at 8 percent, its first month with the highest since the 2008-2009 Great Recession.
Aug 15- Electric carmaker Tesla Motors Inc said on Friday it had boosted warranty coverage on its Model S sedan, a week after an influential U.S. consumer magazine highlighted problems with the $70,000- plus vehicle. It purchased the car in January 2013 for $89,650.
DETROIT, Aug 15- Ford Motor Co is recalling nearly 160,000 Focus ST sedans and Escape crossovers from model years 2013-2014 to correct a wiring problem that could affect engine performance, the company said on Friday. There are no crashes or injuries attributed to the problem, Ford said.
"Restoring the Dyess Colony Administration Building, and even saving at least one of the typical colony houses, would have been a worthwhile project, even without the Johnny Cash connection," said Ruth Hawkins, the executive director of the Heritage Sites program at Arkansas State University.