Top News & Analysis Michigan

More

  • DETROIT— Tesla Motors posted its 11th straight quarterly loss Wednesday, and its results badly missed Wall Street's forecasts. Tesla said it will unveil the much-anticipated $35,000 car on March 31 and expects to start production at the end of 2017.. CEO Elon Musk said he's not worried about competition from the all-electric Chevrolet Bolt, which will have a...

  • BLOOMFIELD HILLS, Mich. _ Taubman Centers Inc. on Wednesday reported a key measure of profitability in its fourth quarter. The average estimate of six analysts surveyed by Zacks Investment Research was for funds from operations of 97 cents per share. Four analysts surveyed by Zacks expected $154.4 million.

  • DETROIT— Electric car maker Tesla Motors says its net loss more than doubled to $320 million in the fourth quarter, hurt by lower-than-planned production of its new Model X SUV. The loss, equal to $2.44 per share, compared to a loss of 86 cents per share in the same quarter a year ago. For the full year, Tesla lost $889 million, wider than a $294 million loss in 2014. Palo...

  • The electric car maker has long enjoyed the status of Silicon Valley darling for its brash innovation in electric cars. Elon Musk- led Tesla said its long-promised moderately priced car, the Model 3, would be unveiled on March 31. Tesla's net loss, however, nearly tripled to $320.4 million, or $2.44 per share, in the fourth quarter ended Dec. 31 from $107.6 million, or...

  • NEW YORK— Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq stock market:. Time Warner Inc., down $3.14 to $60.07. Walt Disney Co., down $3.47 to $88.85.

  • Feb 10- Michigan Governor Rick Snyder asked state lawmakers on Wednesday to provide more than $300 million in his current and fiscal 2017 budget proposals to deal with the lead-tainted water crisis in Flint and to keep the Detroit Public Schools from running out of cash as early as April. Flint protesters could be heard chanting during the budget presentation...

  • Feb 10- Michigan Governor Rick Snyder asked state lawmakers on Wednesday to provide more than $300 million in his current and fiscal 2017 budget proposals to deal with the lead-tainted water crisis in Flint, and to keep the Detroit Public Schools from running out of cash as early as April. During his budget presentation before the House and Senate...

  • *Daimler takes charge of 340 million euros. FRANKFURT/ WASHINGTON, Feb 10- The three largest German automakers said they will recall 2.5 million vehicles in the United States equipped with Takata Corp air bags, the latest moves in a long-running safety crisis involving the Japanese automotive supplier. The vehicles to be recalled have Takata-made air bag...

  • WASHINGTON— Recovering from a medical procedure is always a challenge, but getting hit with unexpected insurance fees can add financial hardship to the process. As health insurance plans become increasingly complicated, more patients are facing unexpected fees when they step outside their plan's coverage network. Nearly a third of insured Americans who...

  • DETROIT— Subaru is recalling 82,661 Tribeca SUVs because their hoods can open unexpectedly while driving. Subaru says rust or grease buildup can cause the springs in the hood to seize up and stop working. First, Subaru dealers will inspect, clean and lubricate the hood system.

  • DETROIT— Volkswagen, Audi and BMW are recalling nearly 1.7 million vehicles with Takata air bag inflators that can rupture and hurl shrapnel into drivers and passengers. So far, VW, Audi, BMW, Daimler, Honda, Ford and Mazda have announced recalls in the latest round. On Wednesday, VW and Audi said they would recall a total of 850,000 vehicles in the U.S. from model years...

  • DETROIT— Computers that control cars of the future can be considered drivers just like humans, the federal government's highway safety agency has decided. The redefinition of "driver" by the National Highway Traffic Safety Administration is an important break for Google, which is developing self-driving cars that get around without steering wheels, pedals—...

  • DETROIT _ DTE Energy Co. on Wednesday reported fourth-quarter net income of $80 million. DTE Energy expects full-year earnings in the range of $4.80 to $5.05 per share. DTE Energy shares have risen slightly more than 8 percent since the beginning of the year, while the Standard& Poor's 500 index has decreased slightly more than 9 percent.

  • WASHINGTON/ DETROIT, Feb 9- U.S. vehicle safety regulators have said the artificial intelligence system piloting a self-driving Google car could be considered the driver under federal law, a major step toward ultimately winning approval for autonomous vehicles on the roads. The National Highway Traffic Safety Administration told Google, a unit of Alphabet...

  • DETROIT— Daimler AG is recalling 840,000 vehicles in the U.S. because they have potentially defective driver's side air bags made by Takata Corp.. The recall affects Mercedes-Benz cars and SUVs from the 2005-2014 model years, including C-Class, E-Class, SLK and SLS sedans and M-Class, GL-Class and R-Class SUVS. Daimler has booked a $384 million charge to pay for...

  • WASHINGTON/ DETROIT, Feb 9- U.S. vehicle safety regulators have said the artificial intelligence system piloting a self-driving Google car could be considered the driver under federal law, a major step toward ultimately winning approval for autonomous vehicles on the roads.

  • Feb 9- General Motors Co said Tuesday it is recalling 473,000 pickups and SUVs in North America because brake pedals could fail due to a faulty nut. The Detroit automaker is calling back 426,573 2015-16 Chevrolet Silverado HD, GMC Sierra HD, and Chevrolet Tahoe police vehicles in the United States and 46,837 in Canada. GM says the brake pedal pivot nut may become...

  • DETROIT— Toyota's youth-oriented Scion brand is recalling about 28,000 FR-S sports cars in North America because drivers can take the keys out of the ignition without the car being in park. The recall covers cars with automatic transmissions from the 2013 through 2016 model years. Toyota says in some cases, the mechanism that holds the key until the ignition...

  • DETROIT— General Motors is recalling more than 473,000 trucks and SUVs in the U.S. and Canada because the brake pedals can come loose and fail to work properly. The recall covers certain 2015 and 2016 Chevrolet Silverado HD, GMC Sierra HD and Chevrolet Tahoe police vehicles. GM says a nut on the brake pedal pivot mechanism can come loose, causing the pedal to loosen...

  • A look at Obama's final budget proposal Tuesday, 9 Feb 2016 | 11:03 AM ET

    —Obama's budget for the Agriculture Department includes a proposed $12 billion over 10 years to help feed schoolchildren from low-income families during the summer. Spending that needs Congress' annual approval: $24.2 billion. Spending that needs Congress' approval: $9.7 billion.