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Top News & Analysis Michigan

  • TOKYO, April 27- Trading in Takata Corp shares was suspended on Thursday after a report that the Japanese airbag maker at the heart of the car industry's biggest-ever recall is considering a bankruptcy plan that will create a new company and ringfence its liabilities. The Nikkei business daily reported Chinese-owned car parts maker Key Safety Systems, the...

  • MILAN/ DETROIT, April 26- Fiat Chrysler Automobiles may seek more supplier partners to help it develop and build self-driving vehicles, Chief Executive Officer Sergio Marchionne said on Wednesday. The automaker reported an 11 percent jump in first-quarter operating profit, boosted by strong sales in North America, its most profitable market.

  • WASHINGTON, April 26 (Reuters)- Public pension funds in at least seven U.S. states have invested millions of dollars in an investment fund that owns a New York hotel and pays one of President Donald Trump's companies to run it, according to a Reuters review of public records. The Trump SoHo Hotel and Condominium in Manhattan is an upscale 46- story property owned by a...

  • The average U.S. vehicle is now 11.6 years old, according to the consulting firm IHS Markit. Forward collision warning systems, for example, can reduce the risk of a crash by 27 percent, according to the Insurance Institute for Highway Safety. To get blind spot monitoring, forward collision warning and lane departure warning on a new, 2017 Altima SL, you have to spend...

  • BLOOMFIELD HILLS, Mich. _ Penske Automotive Group Inc. on Wednesday reported first-quarter profit of $82.6 million. The average estimate of six analysts surveyed by Zacks Investment Research was also for earnings of 97 cents per share. Three analysts surveyed by Zacks expected $4.83 billion.

  • SOUTHFIELD, Mich. _ Lear Corp. on Wednesday reported first-quarter net income of $305.8 million. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $3.95 per share. Six analysts surveyed by Zacks expected $4.94 billion.

  • DETROIT _ DTE Energy Co. on Wednesday reported first-quarter earnings of $400 million. DTE Energy expects full-year earnings in the range of $5.15 to $5.46 per share. DTE Energy shares have risen almost 6 percent since the beginning of the year, while the Standard& Poor's 500 index has risen nearly 7 percent.

  • SOUTHFIELD, Mich. _ Superior Industries International Inc. on Wednesday reported first-quarter earnings of $3.1 million. Superior Industries expects full-year revenue in the range of $730 million to $750 million. Superior Industries shares have decreased 6 percent since the beginning of the year.

  • DETROIT, April 26- Tesla Inc has lost its top safety rating from Consumer Reports, which said the electric carmaker failed to install an emergency braking feature that it promised to owners as standard equipment. The magazine, which provides an annual rating of vehicles sold in the United States, said early Tuesday that the Tesla Model S sedan was losing its top...

  • WASHINGTON, April 26- Public pension funds in at least seven U.S. states have invested millions of dollars in an investment fund that owns a New York hotel and pays one of President Donald Trump's companies to run it, according to a Reuters review of public records. The White House referred comment to the Trump Organization, the parent conglomerate for Trump's...

  • OTTAWA/ WINNIPEG, April 25- From cherries to wine and oil, Canada has a range of tools to retaliate against any Trump administration trade attacks but they are either too limited or too painful to invoke. Ottawa is keen to avoid a costly trade war with the United States as NAFTA renegotiations loom, given the U.S. economy is ten times larger than Canada's.

  • MIDLAND, Mich. _ Chemical Financial Corp. on Tuesday reported first-quarter earnings of $47.6 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 70 cents per share. Chemical Financial shares have dropped 7 percent since the beginning of the year.

  • Connecticut, Massachusetts and Iowa are among the states where bills have been proposed to replace the bottle deposits with a tax. "This is the most effective, proven way that we have to guarantee that these containers do not end up on our streets and do not end up on our beaches and open spaces as litter," said Louis Burch, the Connecticut program director for...

  • LANSING, Mich.— Michigan State Police pilot Jerry King was flying his state plane back to the Lansing airport after a mission when he saw a green pulsing light in the night sky. Michigan is poised to join a growing list of states enacting new laws to combat increasingly frequent laser attacks and put those responsible in prison. The Michigan legislation was...

  • OTTAWA, April 25- Prime Minister Justin Trudeau vowed to stand up for Canadian interests on Tuesday after the United States imposed new tariffs on softwood lumber and trade tensions between the two countries escalated, sending the Canadian dollar to a 14- month low. Speaking to a technology company in Ontario, Trudeau said he would defend the national interest,...

  • LANSING, Mich.— A Michigan board approved restructured tax incentives Tuesday for Dow Chemical and AK Steel and capped the credits' value similarly to how it did in agreements with automakers in recent years, despite lawmakers' criticism of the new deal for the steelmaker. State economic development and company officials said the deals were needed in light of...

  • A Waymo self-driving car.

    Waymo, Google's self-driving car project will allow hundreds of people in Phoenix to take rides in the vehicles to get feedback on the experience.

  • It will allow hundreds of people in the Phoenix area to take rides in the vehicles so it can get feedback on the experience. The vehicles will also pick up riders in Chandler, Tempe, Mesa and Gilbert, Waymo said. The companies have been testing the vehicles in Arizona, California and Michigan.

  • TAYLOR, Mich. _ Masco Corp. on Tuesday reported first-quarter earnings of $140 million. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 35 cents per share. Nine analysts surveyed by Zacks expected $1.75 billion.

  • TROY, Mich. _ Flagstar Bancorp Inc. on Tuesday reported first-quarter profit of $27 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 36 cents per share. Flagstar Bancorp shares have increased 6.5 percent since the beginning of the year.