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  • DETROIT- April 26- The automotive and tech companies pursuing the driverless car share a utopian belief: Autonomous vehicles will benefit society, eventually saving most of the nearly 33,000 people each year killed in road accidents in America alone. "If the situation was reversed, and we had automated vehicles today and someone proposed to let people drive...

  • "These things are crawling all over my city" in tests, "but I had to come to Austin to ride in one," said Liccardo. And so behind the technology display here in Austin was something as formidable as the technology but far less noticed: Google is mounting a lobbying and public-relations campaign across America to win acceptance for "autonomous vehicles," as they're...

  • April 26- Fiat Chrysler Automobiles Chief Executive Sergio Marchionne said on Tuesday that a realignment of North American plants to emphasize truck and Jeep production over car output will be completed by early 2018.. He also said the company will start building a new compact Jeep SUV model at plants in Mexico, Brazil and China. This model in North America will...

  • MILAN— With lower gas prices shifting North American driving preferences toward bigger vehicles, Fiat Chrysler has accelerated its transition away from passenger cars with an impact on its manufacturing footprint across the globe. Fiat Chrysler Automobiles CEO Sergio Marchionne gave out pieces of the plan to exit the small- and midsize car business in the...

  • BLOOMFIELD HILLS, Mich. _ Penske Automotive Group Inc. on Tuesday reported first-quarter earnings of $79.3 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 87 cents per share. Three analysts surveyed by Zacks expected $4.78 billion.

  • DETROIT _ Ally Financial Inc. on Tuesday reported first-quarter net income of $250 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 55 cents per share. Ally Financial shares have declined nearly 1 percent since the beginning of the year.

  • TAYLOR, Mich. _ Masco Corp. on Tuesday reported first-quarter profit of $109 million. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 25 cents per share. Masco shares have climbed 14 percent since the beginning of the year, while the Standard& Poor's 500 index has climbed 2 percent.

  • DETROIT _ DTE Energy Co. on Tuesday reported first-quarter earnings of $247 million. DTE Energy expects full-year earnings in the range of $4.80 to $5.05 per share. DTE Energy shares have climbed roughly 8 percent since the beginning of the year, while the Standard& Poor's 500 index has climbed 2 percent.

  • TROY, Mich. _ Flagstar Bancorp Inc. on Tuesday reported first-quarter profit of $39 million. Flagstar Bancorp shares have declined slightly since the beginning of the year. Keywords: Flagstar Bancorp, Earnings Report.

  • SOUTHFIELD, Mich. _ Sun Communities Inc. on Tuesday reported a key measure of profitability in its first quarter. The real estate investment trust, based in Southfield, Michigan, said it had funds from operations of $56 million, or 90 cents per share, in the period. The average estimate of three analysts surveyed by Zacks Investment Research was for funds from...

  • BENTON HARBOR, Mich. _ Whirlpool Corp. on Tuesday reported first-quarter earnings of $150 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.71 per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • TOKYO— Mitsubishi Motors Corp., the Japanese automaker that acknowledged last week that it had intentionally lied about fuel economy data for some models, said an internal investigation found such tampering dated to 1991.. President Tetsuro Aikawa told reporters Tuesday the probe was ongoing, suggesting that more irregularities might be found.

  • BLOOMFIELD HILLS, Mich. _ Agree Realty Corp. on Monday reported a key measure of profitability in its first quarter. The Bloomfield Hills, Michigan- based real estate investment trust said it had funds from operations of $12.7 million, or 61 cents per share, in the period. The average estimate of five analysts surveyed by Zacks Investment Research was for funds...

  • DETROIT— In a story April 22 about Ford Motor Co. selling its F-150 pickup in China for the first time, The Associated Press reported erroneously— based on incorrect information from Ford— that the Ford Ranger pickup is sold in China. The Raptor has been popular in China's gray market, where buyers are known to pay triple the list price. Ford introduced the Raptor in...

  • DETROIT— The U.S. government has closed an investigation into Honda's failure to report deaths and injuries, saying that the company has met all of its obligations. The National Highway Traffic Safety Administration says in documents posted on its website Monday that Honda paid a $70 million fine and took steps needed to make sure similar failures don't...

  • GRAND RAPIDS, Mich. _ Independent Bank Corp. on Monday reported first-quarter profit of $4.1 million. Independent Bank shares have dropped slightly more than 2 percent since the beginning of the year. Keywords: Independent Bank, Earnings Report.

  • DETROIT— Fiat Chrysler said Friday it's recalling more than 1.1 million cars and midsize SUVs worldwide because drivers can't tell if they've put the vehicles in park. The confusion can increase the risk of a rollaway accident. FCA is recalling 811,586 vehicles in the U.S.; 52,144 vehicles in Canada; 16,805 in Mexico; and 248,667 outside North America.

  • DETROIT, April 22- General Motors Co Chief Executive Mary Barra's compensation for 2015 rose 72 percent from the prior year to $28 million as she guided the company to record profits, the company said on Friday. The compensation included a one-time grant last June of stock that could be valued at $11.2 million, which is tied to the stock being at least $31.32 per...

  • WOLFSBURG, Germany— It's been a bad week for German automakers. On Thursday, Daimler said the U.S. Justice Department asked the company to investigate irregularities in diesel emissions in its Mercedes brand vehicles. Steve Berman, a Seattle attorney who has sued Daimler over Mercedes diesel pollution, said both German automakers saw a niche in the U.S. for...

  • ZEELAND, Mich. _ Gentex Corp. on Friday reported first-quarter profit of $80.3 million. The average estimate of seven analysts surveyed by Zacks Investment Research was also for earnings of 28 cents per share. Five analysts surveyed by Zacks expected $407.8 million.