Top News & Analysis Michigan

  • There was encouraging news on the struggling manufacturing sector, with other data on Thursday showing factory activity in the mid-Atlantic region accelerated to a three-year high in February, likely as tensions in the 19- month trade war between the United States and China diminished. Washington and China signed a Phase 1 trade deal in January.

  • The pizza chain has been opening new stores, launching new menu items and offering faster deliveries to battle competition from rival pizzerias, mom-and-pop stores and aggregators such as Uber Eats, Postmates and GrubHub. Rival Pizza Hut, owned by Yum Brands Inc, however, reported disappointing results earlier this month as stiff competition took a bite out of...

  • 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...

  • Troy Dayton of Arcview joins CNBC's "Power Lunch" team to talk about cannabis stocks and what investors should know.

  • Feb 10- Carmaker HAAH Automotive Holdings said on Monday it plans to assemble and sell cars based on a platform designed by Chinese carmaker Chery Automobile Co Ltd in the United States and Canada by late next year or early 2022.. Irvine, California- based HAAH said its first vehicle under the new brand, Vantas, will be a premium sport utility. HAAH also has an...

  • DETROIT, Feb 7- Ford Motor Co on Friday shook up its top management, naming strategy chief Jim Farley as chief operating officer of the No. 2 U.S. automaker and promising skeptical investors the company will kick a slow-moving turnaround into a higher gear. Ford's move positions Farley, 57, as potential heir to Chief Executive Jim Hackett, who took over in May 2017.

  • DETROIT, Feb 7- Ford Motor Co on Friday shook up its top management, naming strategy chief Jim Farley as chief operating officer and promising skeptical investors the company will kick a slow-moving turnaround into a higher gear. The No. 2 U.S. automaker's move positions Farley, 57, as potential heir to Chief Executive Jim Hackett, who took over in May 2017.

  • DETROIT, Feb 7- Ford Motor Co on Friday shook up its top management, naming strategy chief Jim Farley as chief operating officer and promising skeptical investors the company will kick a slow-moving turnaround into a higher gear. The No. 2 U.S. automaker's move positions Farley, 57, as potential heir to Chief Executive Jim Hackett, who took over in May 2017.

  • DETROIT, Feb 6- The threat from the coronavirus crisis closed in on the global auto industry on Thursday, as Fiat Chrysler Automobiles NV warned that a European plant could shut down within two to four weeks if Chinese parts suppliers cannot get back to work. Parts made in China are used in millions of vehicles assembled elsewhere, and China's Hubei province,...

  • 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...

  • CHICAGO, Feb 6- Breakfast cereal maker Kellogg on Thursday reported a 2.8% decline in fourth-quarter sales, hurt by the sale of its Keebler cookie business and other assets to Nutella maker Ferrero SpA. Battle Creek, Michigan- based Kellogg said reported net sales fell to $3.22 billion in the quarter, ended Dec. 28, from $3.32 billion a year earlier.

  • Battle Creek, Michigan- based Kellogg said reported net sales fell to $3.22 billion in the quarter ended Dec. 28 from $3.32 billion a year earlier.

  • 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...