Business

Up 4 Cents « Detroit News Watch

DEARBORN, Mich. (AP) – AAA Michigan says gas prices statewide have risen by about 4 cents per gallon in the past week. The Dearborn-based auto club says early Monday that the average price for self-serve regular unleaded gasoline was about $2.67 per gallon. Prices are about 43 cents more than at the same point last year. Michigan’s lowest average price ...

Read More »

Ram Truck Ad Using MLK Speech Draws Backlash « Detroit News Watch

By MAE ANDERSON, Associated Press NEW YORK (AP) — A Ram truck ad that used a speech by Martin Luther King, Jr., is drawing a backlash. The ad shows people doing service-oriented tasks set against audio of King’s speech, which urges people to be “great” by serving the greater good rather than being successful. It was supposed to highlight the volunteer ...

Read More »

GM Workers To Get $11,750 Profit-Sharing Checks « Detroit News Watch

DETROIT (AP) – A $7.3 billion accounting charge pushed General Motors into a $3.9 billion net loss for 2017, but without the expense the company posted record per-share earnings. Excluding one-time items, GM made a $9.9 billion profit, or $6.62 per share, the greatest since leaving bankruptcy in 2009. The earnings beat Wall Street estimates. Analysts polled by FactSet expected $6.33 ...

Read More »

Wife Of Former UAW Vice President Pleads Guilty To Criminal Tax Fraud « Detroit News Watch

DETROIT (WWJ) – The wife of former UAW Vice President General Holiefield faces up to 27 months in jail under a plea agreement stemming from an ongoing criminal investigation into illegal payoffs involving UAW officials. Monica Morgan, a photographer, pleaded guilty Tuesday to filing false tax return in connection with an alleged Fiat Chrysler UAW bribery case. In return for ...

Read More »

Harley Recalls Nearly 175K Bikes Because Brakes Can Fail « Detroit News Watch

DETROIT (AP) – Under pressure from U.S. safety regulators, Harley-Davidson is recalling nearly 175,000 motorcycles because the brakes might fail. The U.S. recall covers more than 30 models from the 2008 through 2011 model years. Harley says deposits can form on brake parts if the fluid isn’t changed every two years as specified in the owner’s manual. That can cause ...

Read More »

If Interest Rates Rise, GM Likely To Expand Subsidized Loans « Detroit News Watch

By Tom Krisher, AP Auto Writer DETROIT (AP) – If auto loan interest rates rise as expected this year, General Motors and others are likely to make more subsidized loans, including zero-percent financing, to keep car sales flowing. CFO Chuck Stevens told reporters Tuesday after GM released its full-year and fourth-quarter earnings that generally, auto company finance arms try to make ...

Read More »

Ford Adds 33K Rangers To Do-Not-Drive List « Detroit News Watch

(Photo by David Paul Morris/Getty Images) By TOM KRISHER, AP Auto Writer DETROIT (AP) – Ford and U.S. safety regulators are telling the owners of 33,428 Ranger pickup trucks in North America not to drive them because they have Takata air bag inflators “that are an immediate risk to safety.” A company investigation into Ranger inflators from the 2006 model ...

Read More »

Top Ford Motor Co. Executive Out Amid Allegations Of Inappropriate Behavior « Detroit News Watch

DEARBORN (WWJ) – A shake-up at the top of the organizational ladder at Ford Motor Company as a top executive leaves amid allegations of inappropriate behavior. Raj Nair. Former president of Ford North America operations. (Credit/Ford Motor Co.) Raj Nair, former executive vice president and president of North America division of Ford Motor Company, was let go on Wednesday, “effective ...

Read More »

Waymo Wants To Prevent Puking In Self-Driving Cars « Detroit News Watch

By Matt McFarland, CNN (CNN Money) — Waymo wants to make sure you never get sick in self-driving cars. A patent application published Thursday from the self-driving arm of Google’s parent company detailed an elaborate system to prevent motion sickness in its vehicles. The method involves determining routes that could minimize motion sickness. For example, sensitive passengers would be given ...

Read More »

Ford And Miami To Form Test Bed For Self-Driving Cars « Detroit News Watch

(William Thomas Cain/Getty Images) By DEE-ANN DURBIN , AP Auto Writer DETROIT (AP) – Ford Motor Co. is making Miami-Dade County its biggest test bed yet for self-driving vehicles. The automaker and its partners — including Domino’s Pizza and ride-hailing company Lyft — are starting pilot programs now to see how consumers react to autonomous vehicles. Ford is also setting ...

Read More »