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Top News & Analysis Michigan

  • WASHINGTON, Feb 14- A federal judge on Tuesday granted preliminary approval to a plan for Volkswagen AG to pay at least $1.22 billion to fix or buy back nearly 80,000 polluting 3.0- liter diesel vehicles in the United States over the German automaker's emissions-cheating scandal. District Judge Charles Breyer in San Francisco also agreed at a court hearing to...

  • CHICAGO— States are moving forward with new initiatives to help workers save for retirement, even as the Republican-led Congress tries to block rules making it easier for them to do so. "It's clear there's a retirement crisis," Illinois Treasurer Michael W. Frerichs told the small business owners. " Seven states— California, Connecticut, New Jersey, Maryland, Oregon...

  • *Opel business has struggled for profitability. For PSA, owner of the Peugeot, Citroen and DS brands, acquiring GM's Opel and Vauxhall brands would give it a 16.3 percent share of the European passenger car market, vaulting it into second place in the region, ahead of French rival Renault SA and behind Germany's Volkswagen AG. Germany's industrial union IG Metall...

  • DETROIT— Mazda is recalling about 174,000 small cars in the U.S. because the seats can change angles suddenly, making the vehicles hard to drive. The recall covers the Mazda 2 subcompact from the 2011 model year and the 2010 and 2011 Mazda 3 and Mazdaspeed 3 compacts. The recall is expected to start on March 31.

  • *Opel business has struggled for profitability. In separate statements, GM which owns the Vauxhall and Opel brands, and the maker of Peugeot, Citroen and DS cars said they were looking at a number of "strategic initiatives" with the aim of increasing profitability and operating efficiency, including through a potential acquisition of Opel.

  • LIVONIA, Mich. _ Tower International Inc. on Tuesday reported fourth-quarter profit of $16.9 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 96 cents per share. Four analysts surveyed by Zacks expected $465.1 million.

  • *Opel business has struggled for profitability. The maker of Peugeot, Citroen and DS cars is "exploring a number of strategic initiatives with GM with the aim of increasing its profitability and operating efficiency, including a potential acquisition of Opel," a spokesman said. Together, PSA and Opel would command a 16.3 percent share of the European car market...

  • FRANKFURT, Germany— France's PSA Group, maker of Peugeot and Citroen cars, says it's exploring a possible takeover of Opel, General Motors' money-losing European business. PSA Group and GM are already involved in several joint projects in Europe. Detroit- based GM is weary of having to report losses year after year in Europe, where it last made a full-year profit in...

  • The maker of Peugeot, Citroen and DS cars is "exploring a number of strategic initiatives with GM with the aim of increasing its profitability and operating efficiency, including a potential acquisition of Opel," a spokesman said. The confirmation came after sources told Reuters earlier on Tuesday that the two companies were in advanced discussions to combine...

  • AETNA, HUMANA MUTUALLY END PROPOSED $54 BLN MERGER FOLLOWING RULING FROM U.S.

  • NEW DELHI, Feb 14- India's Supreme Court convicted a confidante of the late chief minister of Tamil Nadu on Tuesday in a corruption case that will put her behind bars and effectively end her bid to become chief minister of the southern state. Known as the " Detroit of Asia", Tamil Nadu is India's second-largest manufacturing state. It hosts auto makers including BMW,...

  • NEW DELHI, Feb 14- India's Supreme Court convicted a confidante of the late chief minister of Tamil Nadu on Tuesday in a corruption case that will put her behind bars and effectively end her bid to become chief minister of the southern state. Known as the " Detroit of Asia", Tamil Nadu is India's second-largest manufacturing state. The disproportionate assets case...

  • Republican John Thune of South Dakota, the chairman of the Senate Commerce, Science and Transportation Committee, and Democrat Gary Peters of Michigan, said they're exploring legislation that "clears hurdles and advances innovation in self-driving vehicle technology." "Without changes to those regulations, it may be years before the promise of today's...

  • WASHINGTON, Feb 13- General Motors Co and Toyota Motor Corp officials will tell a U.S. House panel on Tuesday that automakers need changes to automotive safety rules to allow the deployment of self-driving cars on American roads. On Monday, Senator Gary Peters, a Michigan Democrat, and Senator John Thune, the Republican chairman of the Commerce Committee, said in a...

  • DETROIT— General Motors says its new Chevrolet Cruze diesel compact sedan will get up to 52 miles per gallon on the highway, the best mileage of any car that isn't a hybrid or electric vehicle. The 2017 diesel with a six-speed manual transmission and 1.6- liter diesel engine also gets 30 mpg in the city and a combined city-highway mileage of 37, according to...

  • There was always an element of wishful thinking in Kleinfeld's parallel vision, ignoring as it did the flow of semi-manufactured aluminium products out of China. The physical export flow of "semis" has steadily increased with over four million tonnes leaving China in both 2015 and 2016.. And, equally significantly, the two main trading venues of London and...

  • NEW YORK/ NORTH CHARLESTON, S.C., Feb 13- Boeing Co faces its first union vote on Wednesday at its aircraft factory in South Carolina, a high-profile test for organized labor in the nation's most strongly anti-union state. The world's largest planemaker is running a hardball campaign against the International Association of Machinists and Aerospace Workers,...

  • WASHINGTON— A bitterly divided Senate on Monday confirmed Steven Mnuchin as treasury secretary despite strong objections by Democrats that the former banker ran a "foreclosure machine" when he headed OneWest Bank. Orrin Hatch, R- Utah, chairman of the Finance Committee. Votes on Trump's Cabinet picks have exposed deep partisan divisions in the...

  • CLEVELAND— Opponents of a high-pressure natural gas pipeline expected to be built across the northern half of Ohio are clinging to the wings of a furry flier, the northern long-eared bat, in their efforts to at least delay the $2 billion project. The existence of the threatened species remains one of the impediments the partnership between Houston- based...

  • SAN FRANCISCO— Ford Motor is spending $1 billion to take over a budding robotics startup to acquire more expertise needed to reach its ambitious goal of having a fully driverless vehicle on the road by 2021.. The big bet announced Friday comes just a few months after the Pittsburgh startup, Argo AI, was created by two alumni of Carnegie Mellon University's...