Business

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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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Statewide Average Gas Prices Rise 3 Cents « Detroit News Watch

DEARBORN, Mich. (AP) – AAA Michigan says gas prices statewide have risen by about 3 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 $2.53 per gallon. Prices are about 11 cents more than at the same point last year. Michigan’s lowest average price ...

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4 Deaths In Cars When Air Bags Failed « Detroit News Watch

By Tom Krisher, AP Auto Writer DETROIT (AP) – Air bags in some Hyundai and Kia cars failed to inflate in crashes and four people are dead. Now the U.S. government’s road safety agency wants to know why. The National Highway Traffic Safety Administration says it’s investigating problems that affect an estimated 425,000 cars made by the Korean automakers. The agency ...

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