Detroit bankruptcy judge brought the idea of a regional water authority back to life,ordering the city and three counties to mediate over the issue.» Read More
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.
Nov 2- Penske Automotive Group Inc, the No. 2 U.S. dealership group, on Friday posted a stronger-than-expected quarterly profit, helped by a 24 percent jump in retail sales of vehicles. Net income in the third quarter fell to $41 million, or 45 cents a share, compared with $55.7 million, or 61 cents a share, in the year-earlier quarter.
WASHINGTON, Nov 2- After the Nov. 6 elections, urgent tax and spending issues must be addressed, forcing Washington's power players to make some tough decisions before the end of the year. Regardless of who wins the Nov. 6 presidential election, Obama will be in the White House during the final months of 2012 when the ``fiscal cliff'' must be dealt with.
Jeep production to China, which the automaker refutes. Ralph Gilles, the head of product design for Chrysler, became the second top Chrysler executive in three days to strongly deny the claim, which was first made by Republican presidential candidate Mitt Romney last week to a crowd in Ohio.
DETROIT, Nov 1- Superstorm Sandy's fury caused U.S. auto sales to fall short of expectations in October, but industry executives still see a strong fourth quarter as the housing market improves.