Business

Statewide average gas prices nearly unchanged « Detroit News Watch

DEARBORN, Mich. (AP) – AAA Michigan says average gas prices statewide are nearly unchanged in the past week. The Dearborn-based auto club said late Sunday that the average price for self-serve regular unleaded gasoline was about $2.68 per gallon. Prices are about 11 cents more than at the same point last year. Michigan’s lowest average price was about $2.63 per ...

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No Surprise In Michigan, It’s GM’s Mary Barra « Detroit News Watch

DETROIT – (Detroit News Watch/ Business.org) – Business.org named 70 of the Most Inspirational Women Leaders in 2018 and there a few familiar names on here, including Ellen, Oprah, Sheryl Crow, Chelsea Clinton, Jessica Alba and Michigan’s own Mary Barra.Mary Teresa Barra was born in Waterford, Michigan. She the chairman and CEO of General Motors Company. She was named Forbes’ ...

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China Will Allow Foreign Ownership Allowing More US Automakers In Market « Detroit News Watch

BEIJING (AP) – Facing the risk of a trade fight with the United States, China announced plans Tuesday to allow full foreign ownership of automakers in five years. The change would scrap rules that require global automakers to work through state-owned partners — an arrangement that forces those foreign companies to share technology with potential competitors in China. It was ...

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GM Replaces Cadillac President After Us Sales Decline « Detroit News Watch

DETROIT (AP) – General Motors has replaced the head of its Cadillac luxury brand, which has struggled for years to compete against German and Japanese luxury automakers in the U.S. The company says Steve Carlisle will replace Johan de Nysschen, who is leaving to pursue other opportunities. Carlisle had been managing director of GM’s Canadian operations. De Nysschen was hired ...

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Feds Widen Safety Probes Of Ford, VW And Nissan « Detroit News Watch

DETROIT (AP) – The U.S. government’s highway safety agency is expanding three investigations for brake and air bag troubles that could affect more than 2.3 million vehicles from Ford, Volkswagen and Nissan. The expansions by the National Highway Traffic Safety Administration were announced Monday and over the weekend on the agency’s website after investigators found more consumer complaints about the ...

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Snyder & British Official Sign Memo On Auto Tech « Detroit News Watch

LANSING, Mich. (AP) – Michigan Gov. Rick Snyder and a British government official have signed a memorandum of understanding designed to strengthen the production of advancements in automotive technology and mobility. Snyder, who is in Europe on an eight-day trade mission, signed the deal with Minister Richard Harrington of the House of Commons of the United Kingdom. He said Monday ...

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Belle Tire agrees to $343,000 deal with government over pay « Detroit News Watch

ALLEN PARK, Mich. (AP) – The government says a Michigan-based tire dealer has agreed to pay $343,000 in back wages to 1,200 employees. Belle Tire was accused of failing to include bonuses and commissions in pay rates when calculating overtime. The agreement announced Monday by the U.S. Labor Department affects employees at 100 stores in Michigan, Indiana and Ohio, although ...

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Former VW Ceo Indicted In Emissions Cheating Case « Detroit News Watch

DETROIT (AP) – A federal grand jury in Detroit has indicted former Volkswagen CEO Martin Winterkorn on charges stemming from the company’s diesel emissions cheating scandal. The four-count indictment unsealed Thursday alleges that the automaker’s top executive at the time knew about the plot. The 70-year-old Winterkorn is charged with three counts of wire fraud and one of conspiring to ...

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