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High costs, currency push Ford out of Australia car manufacturing
ReutersCANBERRA (Reuters) - Ford Motor Co will shut its two Australian auto plants in October 2016, blaming a strong currency and costs that are hitting manufacturers just as the country looks for other sectors of its economy to cushion the end of a mining boom....Tags: Julia Gillard, Japan, Mitsubishi Motors Corp., Auto Trends, Australia
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GM recalls more than 27,000 Cadillac crossovers with wheel issue
Reuters(Reuters) - General Motors Co is recalling worldwide more than 27,000 Cadillac crossover vehicles whose wheels could fall off due to potentially loose wheel nuts. GM said on Wednesday it knows of no crashes or injuries due to the issue and that no wheels...Tags: Cadillac, SUVs and Crossovers, Manufacturing and Engineering, Automotive Equipment
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For U.S. auto factories, summertime isn't downtime anymore
The decades-old tradition of shutting down U.S. auto factories for two weeks around July may be coming to an end, experts say, pushed out by strong demand and staggered vehicle launch dates. With sales booming, Ford Motor Co., for example, said it...
Tags: Vehicles, Services and Shopping, Chrysler, Plant Closings, Ford Motor Co.
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Ford to close Australia auto plants - reports
ReutersSYDNEY, May 23 (Reuters) - Ford Motor Co is set to announce it is closing its two Australian auto plants and will cease production in the country by 2016 as it struggles with sliding sales, high costs and a strong Australian dollar, local media reported...Tags: Ford Motor Co., Lifestyle and Leisure, Australia, Manufacturing and Engineering, Automotive Equipment
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US auto factories cutting back on summer downtime
DETROIT (AP) — The Detroit automakers are largely forgoing the traditional two-week summer break at their factories and speeding up production to meet buyers' growing demand for new cars and trucks. Ford Motor Co. said Wednesday that 21 of its...
Tags: Honda, Toyota, SUVs and Crossovers, Bankruptcy, Jeep
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Deals of the day -- mergers and acquisitions
ReutersMay 22 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Wednesday: ** Clearwire Corp said its special committee and its board of directors approved Sprint Nextel Corp's sweetened offer to take over the...Tags: Board of Directors, Japan, Real Estate Sellers, Global Alumina Corporation, South Africa
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Fisker fields $20 million offer from Bob Lutz, Wanxiang: sources
ReutersDETROIT/TOKYO (Reuters) - A team including former General Motors Co executive Bob Lutz and China's largest parts maker is looking to buy Fisker Automotive for $20 million, a fraction of the "green" car company's estimated worth almost a year and a half...Tags: Economy, Business and Finance, Fuel-efficient Vehicles, Chevrolet, Bankruptcy, U.S. Department of Energy
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Sweden to summon former Saab chairman in tax inquiry -report
ReutersSTOCKHOLM, May 22 (Reuters) - A Swedish prosecutor wants to question Victor Muller, former chairman of bankrupt carmaker Saab, for an inquiry into suspected tax offences, a Swedish newspaper reported on Wednesday. Swedish prosecutors on Tuesday...Tags: Lawyers, Economy, Business and Finance, Bankruptcy, Sweden, Justice System
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Sweden to summon former Saab chairman in tax inquiry: report
ReutersSTOCKHOLM (Reuters) - A Swedish prosecutor wants to question Victor Muller, former chairman of bankrupt carmaker Saab, for an inquiry into suspected tax offences, a Swedish newspaper reported on Wednesday. Swedish prosecutors on Tuesday questioned Saab's...Tags: Lawyers, Economy, Business and Finance, Bankruptcy, Justice System, Sweden
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General Motors recalling Cadillac SUVs; wheels can fall off due to loose lugnuts
DETROIT (AP) — General Motors Co. is recalling more than 27,000 Cadillac SUVs worldwide because the wheels can fall off. The company says the recall affects the 2013 Cadillac SRX with 18-inch wheels. Canadian safety regulators say the wheel nuts...Tags: Cadillac, SUVs and Crossovers, Manufacturing and Engineering, Automotive Equipment
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Ford adds production in North America to meet new car demand
ReutersDETROIT (Reuters) - Ford Motor Co is adding a week of production at most of its North American factories this year to build an additional 40,000 vehicles and help sustain its gains in U.S. market share. The second-largest U.S. automaker said on Wednesday...Tags: Lincoln, North America, Passenger Cars, Jeep, Vehicles
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Here is the latest Michigan news from The Associated Press
GRAND RAPIDS, Mich. (AP) — State police are halting helicopter patrols over Grand Rapids after multiple noise complaints. But Lt. Chris McIntire says the main reason is greater need in other parts of Michigan, not objections to the flights over...Tags: Abortion, Rick Snyder, Donald Trump
May 22, 2013
|Story| Reuters
May 22, 2013
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May 22, 2013
|Story| Los Angeles Times
May 22, 2013
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May 22, 2013
|Story| Petoskey News
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May 22, 2013
|Story| AP Michigan
May 22, 2013
|Story| Reuters
May 22, 2013
|Story| AP Michigan
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