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Top News & Analysis Michigan

  • WASHINGTON/ PARIS, May 22- Ford Motor Co on Monday said it was replacing replace Chief Executive Officer Mark Fields with James Hackett, the head of the unit developing self-driving cars, in response to investors' growing unease over the U.S. carmaker's stock performance and prospects. Hackett, 62, a former CEO of furniture manufacturer Steeelcase Inc, will take...

  • *Mobility boss James Hackett to be new CEO- sources. *Ford of Europe boss to return to US-based role- sources. PARIS/ DETROIT, May 22- Ford Motor Co. is set to replace Chief Executive Mark Fields with James Hackett, the head of its mobility arm, company sources said, responding to growing investor unease over the U.S. carmaker's stock performance and prospects.

  • PARIS/ DETROIT, May 22- Ford Motor Co is expected to announce the departure of Chief Executive Mark Fields in a broad management shake-up, a company source said- a move that reflects growing investor unease over the company's stock market performance and outlook. Forbes and the New York Times reported that James Hackett, 62 and chairman of the Ford unit that works...

  • DETROIT, May 22- Ford Motor Co Chief Executive Mark Fields is set to leave the carmaker as part of a shake-up that includes other top executive changes as the company's shares hover near a 52- week low, several media reported on Monday. Forbes and the New York Times reported James Hackett, head of the Ford unit that works on autonomous vehicles, would take the reins.

  • DEARBORN, Michigan— Ford is replacing CEO Mark Fields as it struggles to keep its traditional auto-manufacturing business running smoothly while remaking itself as a nimble, high-tech provider of new mobility services. Fields will be replaced by Jim Hackett, a former CEO of office furniture company Steelcase Inc. who joined Ford's board in 2013.

  • After spending their first eight months on the ranches of Gildardo Lopez Hinojosa, the calves are about to cross the border— bound for Texas and U.S. feed lots beyond. On one of the three bridges connecting Reynosa with Texas, they might cross paths with the beef and chicken shipments that Lopez imports from the U.S. for his local chains of butcher shops and fried...

  • DETROIT— Ford is replacing its CEO amid questions about its current performance and future strategy. A person familiar with the situation says CEO Mark Fields is retiring at age 56 after 28 years at the company. He is the former CEO of office furniture maker Steelcase.

  • COLUMBUS, Ohio— Want to know how much money governments give away in corporate tax breaks? The nonprofit Government Accounting Standards Board changed its guidelines beginning in 2016 to require reporting of economic development tax breaks. "Before you get to the question of whether they're getting their money's worth, you have to know how much is being spent,"...

  • FCA said it has updated the faulty software that the EPA said affected 104,000 Grand Cherokee SUVs and Ram pickups for model years 2014-16. The automaker said it would install the updated software in the 2014-16 models pending approval from the EPA and California Air Resources Board. A representative for the EPA declined to comment. Bloomberg News reported...

  • WASHINGTON, May 19- Ford Motor Co said Friday it would invest $350 million to upgrade its Livonia transmission plant in Michigan as the company expands its lineup of powertrains. Last year, the No. 2 U.S. automaker announced it was investing a separate $1.4 billion in the Livonia transmission plant near Detroit. The company said Friday employment at the Livonia...

  • LIVONIA, Mich.— Ford is pumping $350 million into a plant outside of Detroit where a new transmission for fuel-efficient vehicles will be built. The Dearborn, Michigan, automaker said Friday that the investment in the Livonia Transmission Plant is expected to create or keep 800 jobs. Upgrades to the Livonia facility are part of more than $2.25 billion in...

  • May 19- Ford Motor Co said it would invest $350 million to upgrade its Livonia transmission plant in Michigan as the company expands its lineup of fuel-efficient powertrains.

  • A man pauses in an alley on May 18, 2017 in Morgantown, West Virginia.

    Call them the unrecovered—a handful of states where job markets, nine years later, are still struggling back to where they were before the recession.

  • DETROIT— The Latest on the death of musician Chris Cornell in Detroit:. The family of musician Chris Cornell, who was found dead in his Detroit hotel room, issued a statement through an attorney refuting "inferences that Chris knowingly and intentionally" killed himself. Chris Cornell, one of the most lauded and respected contemporary lead singers in rock music...

  • But many farmers are nervous about another plank in Trump's agenda: His vow to overhaul U.S. trade policy, including his intent announced Thursday to renegotiate the North American Free Trade Agreement with Canada and Mexico. Farm Country went on red alert last month when it looked as if Trump wasn't even going to pursue a NAFTA rewrite: White House aides had...

  • DETROIT— Toyota, Subaru, Mazda and BMW have reached a proposed settlement that would compensate owners of 15.8 million vehicles for money they lost due to the massive recall of Takata air bags. In documents filed Thursday with a federal court in Miami, the automakers agreed to pay $553 million to compensate owners and widen their efforts to make sure vehicles are...

  • DETROIT— Fiat Chrysler says it's in discussions with the U.S. Department of Justice and the U.S. Environmental Protection Agency over claims the company cheated on diesel emissions tests. The EPA said in January that FCA was using software that allowed diesel vehicles to emit more pollution on the road than they do in emissions tests. The EPA said around 104,000...

  • That's true in Mississippi, where job numbers and the overall size of the economy remain below 2008 levels. Unlike states that have long since sprinted ahead, Mississippi is struggling with slow economic growth and slipping population in a place that's rarely at peak economic health. Not only Mississippi, but also Alabama, Michigan, New Mexico, and West Virginia...

  • DETROIT— General Motors Co. is pulling its Chevrolet brand out of India, South Africa and East Africa by the end of this year. It is selling a plant in South Africa to Isuzu Motors. Earlier this spring GM exited the European market, selling its Opel and Vauxhall brands to PSA Group.

  • MUSICIAN CHRIS CORNELL HAS DIED AT AGE 52 IN DETROIT- AP, CITING REPRESENTATIVE.