Chrysler is unveiling its largest and most technologically advanced factory in Sterling Heights, Michigan, just North of Detroit, reports CNBC's Phil LeBeau.» Read More
DETROIT, March 17- General Motors Co announced new recalls of 1.5 million cars on Monday and in a virtually unprecedented public admission by a GM CEO, Mary Barra acknowledged the company fell short in catching faulty ignition switches linked to 12 deaths and last month's recall of 1.6 million cars.
DETROIT-- Making ends meet is about to get more complicated for Donald Smith and Robert Wallington. The two city of Detroit retirees are potentially pitted against each other in a bankruptcy restructuring plan that would lop off much less from pensions for former police and firefighters than from retired clerks and other former city workers.
DETROIT, March 17- General Motors Co announced three more recalls on Monday, related to airbag deployment and other issues, and said it would take a $300 million charge primarily to cover the costs related to these actions as well as the previous recall for faulty ignition switches.
DETROIT, March 17- General Motors Co will take a $300 million charge primarily to cover the costs related to the faulty ignition switches linked to at least 12 deaths as well as three more recalls it announced on Monday.
STERLING HEIGHTS, Michigan March 14- Fiat Chrysler Automobiles should see a better first quarter than the automaker had last year, its chief executive Sergio Marchionne said on Friday.
March 14- Puerto Rico pulled off a blockbuster of a bond sale this week, sparing it from the threat of imminent default, but few who have followed the Caribbean island's financial troubles doubt that a massive restructuring is in its future.
LOVELAND, Ohio, March 13- When Kathleen Quinn and her husband recently moved from New York City to the Cleveland area, they never even considered renting. Three cities in the state- Toledo, Dayton and Cleveland- made the list of top 10 "no-brainer" markets, where you are almost certain to save more by buying instead of renting, in Trulia's latest "Rent vs.
The shuttering of Herculaneum in the town of the same name was a historic moment, bringing the curtain down on 120 years of lead smelting in Missouri.
*Senate, House say criminal investigation could complicate their probes. DETROIT/ WASHINGTON, March 12- General Motors Co said on Wednesday that even after the vehicles in its ignition-switch recall are repaired, owners should avoid weighing down their key rings with anything more than the key and fob.
NEW YORK, March 12- Puerto Rico's newly issued bonds rallied on Wednesday, a day after investors flocked to the high returns offered by the cash-strapped U.S. territory's $3.5 billion debt sale.
NEW YORK, March 12- Puerto Rico's newly issued bonds rallied in their first full day of trading on Wednesday as investors snapped up the debt after strong demand for the premium offered by the cash-strapped U.S. territory left its $3.5 billion issue heavily oversubscribed.
DETROIT, March 12- General Motors Co said on Wednesday that even after the vehicles in its ignition-switch recall are repaired, owners should still have only the key and fob on the key ring.
DETROIT-- About 145,000 Michigan residents have selected private insurance plans under the federal health care law, according to figures released Tuesday by President Barack Obama's administration.
DETROIT-- The final phase of demolition began Monday for a well-known vacant Detroit housing project that once was home to boxer Joe Louis and members of the Supremes. Louis once lived at the project near downtown Detroit, as did members of the Supremes before the musical trio became vital voices of the Motown sound.
DETROIT-- An art gallery plans to sell a work that the elusive British graffiti artist Banksy created at an abandoned Detroit auto plant, a gallery official said Monday. Carl Goines, who co-founded the 555 Nonprofit Gallery and Studios, told The Associated Press that proceeds from the sale will go to expand the Detroit gallery's programming.
March 10- Double-digit annual returns for most U.S. public pension systems over the past two years have done little to shrink the yawning deficits facing many of them after a decade of inadequate funding, according to analysts and recent data.
DETROIT, March 7- General Motors Co needs to get through its ignition-switch recall and the resulting federal investigation quickly to avoid any lasting damage to its brand, but the federal probe could keep the problem in the public eye for at least six months.
DETROIT-- An annual festival headlined by the rap-metal group Insane Clown Posse will be held in Ohio this year. The Detroit- based duo was looking for a new venue for its Gathering of the Juggalos event after sites in Missouri and Illinois fell through.
DETROIT, March 6- Ford Motor Co Chief Executive Alan Mulally was awarded performance bonuses for 2013 worth $13.8 million, the No. 2 U.S. automaker disclosed to U.S. regulators on Thursday.
Investors cut $147 billion of municipal bonds in the fourth quarter, compared to $83.1 billion the previous quarter.