Top News & Analysis Detroit

  • Several major automakers are making big bets on electric vehicles. But so far, the US EV market, seems to belong to one automaker: Tesla. For years, skeptics have warned of a tsunami of competitors coming for the pioneering electric car brand. A few vehicles have been released so far, but sales indicate that not one of them has failed to make a significant dent in Tesla's share of the EV market. So, who are they? And how much of a chance do they have?

  • Airport hotels are revamping their image.

    The reputation of airport hotels was in need of an overhaul. Now several hotels at air hubs are stepping up to the plate with time-saving tricks and aviation-themed experiences.

  • It was the second such deal announced in recent weeks by Hyundai and sister company Kia Motors Corp, which in mid-January said they would invest $110 million in UK startup Arrival and jointly develop electric commercial vehicles. In Seoul, a Hyundai spokesperson said the automaker's partnership with two-year-old Canoo would focus on smaller electric...

  • MILAN/ DETROIT, Feb 6- Fiat Chrysler posted a 7% rise in fourth-quarter profit on Thursday, boosted by strong business in North America and better results in Latin America as it headed into a merger with France's PSA. Still, he warned that disruptions due to the deadly coronavirus outbreak in China could threaten production at one of Fiat Chrysler's European...

  • WASHINGTON, Feb 6- Two U.S. lawmakers on Thursday will unveil legislation that would create a nationwide electric vehicle charging network to promote the shift from gasoline-powered vehicles and reduce greenhouse gas emissions. Democratic Representatives Andy Levin and Alexandria Ocasio-Cortez are releasing legislation dubbed the "EV Freedom Act" to...

  • DETROIT, Feb 5- General Motors Co has watched with frustration and envy as the market value of electric carmaker Tesla Inc has ballooned to about two and a half times GM's size, but on Wednesday the Detroit automaker made the case that its EV and self-driving technology strategy deserves a higher value. GM Chief Executive Mary Barra and top executives hosted an...

  • DETROIT, Feb 5- General Motors Co has watched with frustration and envy as the market value of electric carmaker Tesla Inc has ballooned to about two and a half times GM's size, but on Wednesday the Detroit automaker made the case that its EV and self-driving technology strategy deserves a higher value. GM Chief Executive Mary Barra and her top executives hosted...

  • BEIJING, Feb 5- General Motors Co is backtracking on an aggressive promotion of three-cylinder engines in China that saw some Buick and Chevrolet models offered only in that option- a move which proved highly unpopular and helped sales slide, people familiar with matter said. Three-cylinder gasoline engines are cleaner and more fuel efficient than their...

  • DETROIT, Feb 5- General Motors Co has watched with frustration and envy as the market value of electric carmaker Tesla Inc has ballooned to more than triple GM's size, but Wednesday the Detroit automaker will make the case that its EV and self-driving technology strategy deserves a higher value. GM Chief Executive Mary Barra and her top executives will host an...

  • DETROIT, Feb 5- General Motors Co has watched with frustration and envy as the market value of electric carmaker Tesla Inc has ballooned to more than triple GM's size, but Wednesday the Detroit automaker will make the case that its EV and self-driving technology strategy deserves a higher value. GM Chief Executive Mary Barra and her top executives will host an...

  • DETROIT, Feb 5- General Motors Co on Wednesday forecast flat profits for 2020 and reported a better than expected fourth quarter result as it kicked off a new effort to win over investors stampeding into shares of electric car rival Tesla Inc.. GM's fourth quarter profits took a $3.6 billion hit from a 40- day United Auto Workers strike that shut down the...

  • DETROIT, Feb 5- General Motors Co on Wednesday forecast flat profits for 2020 and reported a better than expected fourth quarter result as it kicked off a new effort to win over investors stampeding into shares of electric car rival Tesla Inc.. GM's fourth quarter profits took a $3.6 billion hit from a 40- day United Auto Workers strike that shut down the...

  • DETROIT, Feb 5- General Motors Co has watched with frustration and envy as the market value of electric carmaker Tesla Inc has ballooned to more than triple GM's size, but Wednesday the Detroit automaker is expected to make the case that its EV and self-driving technology strategy deserves a higher value. GM Chief Executive Mary Barra and her top executives will...

  • BEIJING, Feb 5- General Motors is backtracking on an aggressive promotion of three-cylinder engines in China that saw some Buick and Chevrolet models offered only in that option- a move which proved highly unpopular and helped sales slide, people familiar with matter said. Three-cylinder gasoline engines are cleaner and more fuel efficient than their...

  • DEARBORN, Mich., Feb 4- Investors sent Ford Motor Co shares skidding on Tuesday after the company delivered a weaker-than-expected 2020 forecast, warning of higher warranty costs, lower profits at its credit arm and continued investments in future technology such as self-driving cars. "The results were not OK in 2019," Ford Chief Financial Officer Tim Stone told...

  • DEARBORN, Mich., Feb 4- Ford Motor Co on Tuesday posted a fourth-quarter loss and provided a weaker-than-expected 2020 forecast due to continued higher warranty costs, investments in future transportation and lower results from Ford Credit, sending shares down 9.5% in after-hours trading. "The results were not OK in 2019," Ford Chief Financial Officer Tim Stone...

  • DEARBORN, Mich., Feb 4- Ford Motor Co on Tuesday posted a fourth-quarter loss and provided a weaker-than-expected 2020 forecast due to continued higher warranty costs, investments in future transportation and lower results from Ford Credit, sending shares down 9.5% in after-hours trading. "The results were not OK in 2019," Ford Chief Financial Officer Tim Stone...

  • WASHINGTON, Feb 3- United Airlines said on Monday it will move up its temporary suspension of U.S.-bound flights from mainland China by one day to Tuesday. The airline, which is the last U.S. airline still conducting China flights, said on Friday it planned to fly its last flight from China on Wednesday because of the coronavirus outbreak. The White House said...

  • WASHINGTON, Feb 2- The U.S. Department of Homeland Security issued rules on Sunday to implement new restrictions on Americans who have recently visited China to address the threat of the coronavirus. The Trump administration is limiting flights from China and for Americans who have visited China within the last 14 days to eight major U.S. airports for enhanced...

  • Staff members, wearing protective suits, watch as a plane carrying 32 Mongolian citizens for their evacuation from the Chinese city of Wuhan arrives in Ulaanbaatar, the capital of Mongolia on February 1, 2020.

    Disney, Tesla, airlines and other companies in China are suspending operations as they respond to the outbreak of the coronavirus.