LORDSTOWN, Ohio — General Motors Corp. today gave the first public peek at the design of the Chevrolet Cruze compact car as it announced plans to invest more than $500 million in the United States to build the vehicle.[...]
Chrysler LLC told employees this week that the automaker will again take a two-week summer shutdown next year, giving salaried workers much more notice than before.[...]
LORDSTOWN, Ohio — The head of General Motors Corp. is coming to northeast Ohio to show off photos of the new compact car that will be built at the plant near Youngstown.[...]
General Motors Corp. hasn't yet sought offers or discussed the sale of the Hummer SUV line with potential buyers, the brand's general manager told dealers.[...]
Eleven cars sold for more than $1 million, and a 1961 Ferrari 250 GT SWB Berlinetta was the biggest attraction at an auction in Monterey, Calif., last weekend.[...]
Ford's Lincoln luxury brand will build a version of its MKT concept vehicle next year. The MKT takes its name and styling from a concept car Lincoln revealed at the North American International Auto Show in Detroit in January.[...]
Visteon Corp., the former parts division of Ford Motor Co., needs more money from the automaker for its restructuring. Meanwhile, Ford needs more time to determine what to do with some of the plants it took over from Visteon three years ago.[...]
Bank of America plans to complete the integration of LaSalle Bank into its operations on Oct. 20, and customers will notice some major changes this fall. Since acquiring LaSalle on Oct. 1, 2007, Bank of America has been installing new signs at its 256 bank branches around the state and [...]
Ray Young is the honorary chairman of this year's Cattle Baron's Ball fund-raiser for the American Cancer Society on Sept. 13 at the Michigan State Fairgrounds -- in part because he saw how advances in cancer treatment allowed his late wife Debra to live her dreams for 15 years with [...]
LANSING -- An official with Cabela's Inc. says the company is encouraged that a developer has won a state grant to clean up a site for a possible second outdoor equipment store in Michigan.[...]
At a time when other auto-industry companies are cutting their dividends, Zeeland-based Gentex Corp. raised its quarterly payout by 4.8% on Tuesday from 10.5 cents dividend per share to 11 cents.[...]
LOS ANGELES -- The auto industry has seen its share of technological leaps, whether it was the advent of electric starters, automatic transmissions or hybrid gas-electric powertrains. And don't forget hideaway headlights. One leap that engineers and tinkerers have never quite made, however, but refuse to let die: the flying [...]
Workers at a Chrysler minivan plant marked for idling later this year have taken their fight with the company to Washington.[...]
Fannie Mae and Freddie Mac may or may not need a government bailout, but the turmoil surrounding the mortgage finance companies' decline has already meant four things for borrowers: higher interest rates, more fees and closing costs, bigger down payments and fewer loan choices.[...]
Michigan could be getting a second Cabela's outdoor equipment store, in the Grand Rapids suburb of Wyoming. On Tuesday, Gov. Jennifer Granholm said officials hope a 125,000-square-foot Cabela's will anchor a new retail, office and housing development in a former apple orchard, creating an estimated 3,668 jobs.[...]
New small SUVs received high enough marks in the latest round of insurance industry crash tests that testers recommend them over small cars for buyers looking for more fuel-efficient rides.[...]
SANTA BARBARA, Calif. -- As star designer Ralph Gilles launches the redesigned Dodge Ram, he will also begin a new role. On Monday, it was announced that Trevor Creed, Chrysler's senior vice president for design, will retire at the end of the month and Gilles will take over as vice [...]
In the midst of what is shaping up to be one of the worst sales years in more than a decade, General Motors Corp. is shifting spending away from some high-profile marketing programs in favor of focusing on its core business: moving vehicles off dealer lots.[...]
Ford Motor Co. has been shuttling hundreds of employees and retirees to its top-secret test track almost every afternoon, to drive the company's promising vehicles of the future.[...]
Warner Brothers' executives visited Ford's idle assembly plant in Wixom on Monday, state and studio officials confirmed today.[...]
Hyundai Motor Co., South Korea's largest automaker, and affiliate Kia Motors Corp. aim to almost double their global market share by 2010 after increasing overseas capacity.[...]
Delphi Corp. expects to cut 600 salaried jobs in its electronics and safety division, as part of a plan to cut 25% of the division's costs and contract the segment with the U.S. automotive industry.[...]
In another sign that the auto industry is pulling away from lease deals, General Motors Corp. is cutting back incentives on new GMC, Buick and Pontiac vehicles.[...]
The automotive industry began to rein in total compensation to its CEOs last year while compensation for other executives grew faster, according to an executive summary of Watson Wyatt's eighth annual automotive salary survey.[...]
In a tough economy, more businesses are turning to bartering to make ends meet. Jason Iras, vice president of Naturalistic Landscapes in Shelby Township, said his business has increased 20% since joining TradeFirst.com two years ago.[...]
