Chrysler is recalling almost 189,000 Jeep Grand Cherokees and Dodge Durangos in the U.S. to fix a fuel pump problem that can cause the SUVs to stall.» Read More
From outside Michigan Republican circles, it appeared that the Republican drive to weaken unions came out of the blue - proposed, passed and signed in a mere six days.
NBC's Ron Mott reports Gov. Rick Synder has signed two bills into law that many see as a major setback for big labor.
Rep. Peter Roskam, (R-IL), discusses the latest negotiations on a "fiscal cliff" deal between the White House and Congress. Also, a look at the national implications of Michigan's new right-to-work law, with Robert Costa, National Review editor; and drilling down on the "fiscal cliff'," with Jared Bernstein, Center on Budget and Policy Priorities, and Kate Obenshain, "Divider-in-Chief" author.
NBC's Ron Mott has the latest details on Michigan's new labor law, and discussing its impact on labor unions and workers, with Terry Bowman, Union Conservatives Inc., president. Also, an update on "fiscal cliff" offers between the President and House Speaker John Boehner, with CNBC's John Harwood.
NBC's Ron Mott reports the latest details on the clash between police and protesters in front of Michigan's State House following the passage of right-to-work legislation.
CNBC's Eamon Javers reports on President Obama's "fiscal cliff" visit to Michigan today, and Jase Bolger, Michigan's Speaker of the House, (R), explains why he believes Democrats need to focus on getting the economy on track.
China's largest maker of auto parts won a politically sensitive auction for A123 Systems, a bankrupt maker of batteries for electric cars that was funded partly with U.S. government money, the investment banker for A123 said on Saturday.
Should the Federal Government bail out the entire city of Detroit? Doc Thompson, host of Talk Radio 1270 WXYT, provides perspective.
CNBC's Rick Santelli reports November's preliminary University of Michigan's Consumer Sentiment number is 84.9 versus 82.6 in October.
SEOUL, Nov 6- General Motors Co said it would not build its next-generation Chevrolet Cruze small car in South Korea, raising the possibility that it might shift the assembly to Europe to help boost efficiency at its money-losing unit there. Rocha said the new model would be built in five regions, including Europe, the United States and China, according to Choi.
DETROIT, Nov 5- General Motors Co secured an $11 billion revolving credit facility, more than doubling its financial cushion and further strengthening the balance sheet of the largest U.S. automaker. Thirty-five banks from 14 countries, led by JPMorgan Chase& Co and Citigroup Inc, participated in the deal.
DETROIT, Nov 5- General Motors Co secured an $11 billion revolving credit facility, more than doubling its financial cushion and further strengthening the balance sheet of the largest U.S. automaker. The additional liquidity comes as GM works to stanch losses at its Opel brand in Europe.
DETROIT, Nov 5- General Motors Co said it clinched an $11 billion revolving credit facility, further strengthening the largest U.S. automaker's balance sheet.
NEW YORK, Nov 3- Kim Bondy was in New Orleans seven years ago when Hurricane Katrina devastated the city, and scores of patients died in flooded hospitals cut off from power.
*Combined losses could top $6 bln in Europe in 2012-13. PARIS/ DETROIT, Nov 3- Ford Motor Co, which clung to the road with a timely swerve before the 2009 crisis that bankrupted General Motors Co, may now be pulling a similar stunt in Europe.
Fuel economy errors affect 13 Kia, Hyundai models. The U.S. Environmental Protection Agency found the errors in 13 Kia and Hyundai models from the 2011 to 2013 model years.
HILLIARD, Ohio, Nov 2- President Barack Obama blasted Republican rival Mitt Romney on Friday for running an ad that falsely suggested Jeep was moving production to China, accusing his opponent of stretching the truth to scare voters in the final days of the campaign.
Nov 2- Ally Financial Inc, the auto lender 74 percent- owned by the U.S. government, posted a third-quarter profit compared with a year-ago loss, helped by its car-loan and mortgage businesses. The Detroit- based company, once the auto lending arm of General Motors Co, said it earned $384 million in the quarter, compared with a loss of $210 million a year earlier.
Nov 2- Hyundai Motor Co and its affiliate Kia Motors Corp overstated the gasoline mileage for more than 1 million 2011-2013 model year cars in the United States and Canada, and will offer debit cards to customers to make up the difference.
Nov 2- Penske Automotive Group Inc, the No. 2 U.S. car dealership group, posted a stronger-than-expected quarterly profit on Friday, but shares fell more than 2 percent as gross margins and vehicle pricing disappointed.