The Michigan Democrat is the former chairman of the House Energy and Commerce Committee and has been a staunch advocate for the auto industry.» Read More
LANSING, Mich.-- Michigan utility regulators say residential heating bills for natural gas users are expected to be slightly higher this winter due to likely increased consumption. The Michigan Public Service Commission released its winter energy appraisal Friday.
A spokesman for Unitil Corp. says the utility is talking to crews as far away as Tennessee and Michigan to make sure they will be available. Alec O' Meara said typically, Unitil talks about reaching to contractors as far as three days in advance of a storm, but the calls are being made sooner than that this time.
DETROIT-- American Axle& Manufacturing Holdings Inc. said Wednesday that it posted an $8.1 million third-quarter loss due to the cost of closing factories and refinancing its debt.
DETROIT-- Federal safety regulators are investigating some older-model Ford Taurus and Mercury Sable sedans because the throttles can stick. The National Highway Traffic Safety Administration says it has 50 complaints about sticky throttles in the cars from the 2000 through 2003 model years. The Ford Taurus and Mercury Sable and are nearly identical cars.
MIDLAND, Mich.-- Dow Corning's third-quarter net income dropped 45 percent as polysilicon prices continued to fall because of industry oversupply and sales declined in Europe.
DETROIT-- Toyota has widened its global sales lead over General Motors because its factories have recovered from last year's earthquake. Toyota could face a slowdown in the fourth quarter as sales fall in China. Anti-Japanese sentiment flared in China after Japan nationalized tiny islands in the East China Sea.
DETROIT-- Shares of used-car dealership chain Carmax Inc. could get a boost Friday from a Credit Suisse analyst's upgrade. CarMax's store base is rising from 110 to more than 300, one of the largest expansions in the retail business, Balter wrote.
TROY, Mich.-- Delphi Automotive has completed its acquisition of FCI Group's motorized vehicles unit for 765 million euros. It is owned by affiliates of Bain Capital.
WASHINGTON-- The black mold creeping into the spines of hundreds of people who got tainted shots for back pain marks uncharted medical territory. Arjun Srinivasan of the Centers for Disease Control and Prevention. Arturo Casadevall, a fungal disease specialist at New York's Albert Einstein College of Medicine.
The auto supplier earned $121.4 million, or $1.23 per share, up from $100.7 million, or 95 cents per share, in the same quarter last year. Global vehicle production rose 2 percent during the quarter, Lear said, with automakers building more vehicles in every major global market, save for Europe.
DETROIT-- Shares of Goodyear Tire& Rubber Co. fell more than 10 percent on Friday as the company's third-quarter net income and revenue dropped on lower tire sales in Europe. The Akron, Ohio, company's results fell short of Wall Street's expectations as problems in Europe offset cost cuts and profits in North America.
DETROIT-- The Detroit Tigers are in the World Series for the second time since 2006. But much of the city seems seasons away from its own grand slam. Whole Foods is building a store north of where the Tigers play, and wealthy optimists are snapping up vacant downtown office buildings and filling them with workers.
TOKYO-- Toyota sold 7.4 million vehicles around the world in the first nine months of the year, up 28 percent from a year earlier, but its strong growth faces headwinds from a sales plunge in China that could unseat it as the world's top automaker.
*Ford to move Southampton production to Turkey. LONDON/ DETROIT, Oct 25- Ford motor Co unleashed a second volley of European job cuts and plant closures on Thursday in a bid to halt regional losses that the automaker now expects to surpass $3 billion over two years.
DETROIT, Oct 25- J.D. Power and Associates and LMC Automotive on Thursday raised the forecast for 2012 U.S. auto sales to 14.4 million vehicles, from the previous forecast of 14.3 million, as the auto industry continues to recover from its downturn three years ago.
DETROIT, Oct 25- J.D. Power and Associates and LMC Automotive on Thursday raised their forecast for 2012 U.S. auto sales to 14.4 million vehicles, from the previous forecast of 14.3 million, as the auto industry continues to recover from its downturn three years ago.
BLOOMFIELD HILLS, Mich.-- TriMas Corp., which makes packaging materials, aerospace components and other engineered parts, said Thursday that its third-quarter net income rose 2 percent, bolstered by acquisitions in Brazil and New Zealand.
LANSING, Mich.-- Michigan is reporting a second straight big drop in unemployment, with the rate down 2.1 percentage points in two months. The Department of Technology, Management& Budget said Thursday that Michigan's seasonally unadjusted unemployment rate stood at 8.2 percent in September, down from 9.2 percent in August and 10.3 percent in July.
DETROIT, Oct 25- AutoNation Inc, the largest U.S. automotive retailer, posted slightly lower than expected third-quarter earnings and revenue on Thursday and its shares fell more than 7 percent. In an interview, Chief Executive Mike Jackson said the earnings miss was due to AutoNation buying back fewer shares than expected.
DETROIT, Oct 25- Ford Motor Co's head of Europe said on Thursday that state aid to struggling carmakers would be untenable in the future, particularly during the deep economic downturn in Europe.