Detroit Free Press / Business

Tuesday, Aug 15


Why a sale of Fiat Chrysler to a Chinese buyer could happen

Detroit Free Press

Fiat Chrysler Automobiles, facing the need to catch up to its rivals on both electric vehicles and self-driving car technology, could turn to a Chinese buyer to solve its problems because it has few other alternatives. Analysts say the…

Monday, Aug 14


Chinese automaker reportedly bids for Fiat Chrysler

A Chinese automaker reportedly made a quiet bid to acquire Fiat Chrysler Automobiles, raising the distinct possibility that the traditional member of the Detroit Three that was bailed out by U.S. taxpayers could wind up with Chinese…


Auto industry fights for influence on NAFTA talks

Detroit Free Press

Automakers are embracing the Trump administration's decision to renegotiate the North American Free Trade Agreement as a rare opportunity to push for improvements to the trade deal that would benefit the industry but are concerned about…

Saturday, Aug 12


Questions and answers about NAFTA

The Trump administration faces another test of one of its major campaign promises with the beginning of talks concerning the North American Free Trade Agreement. President Donald Trump has called NAFTA "a disaster," the “worst trade deal…


Does raising the minimum wage help or hurt? Debate is endless

President Harry S Truman quipped that he wanted to find a one-handed economist, because all his economic advisers always gave him "on-the-one-hand, on-the-other-hand" advice. That brings to mind the endless debates over the minimum wage —…

Thursday, Aug 10


Don't be blinded by a scam with eclipse glasses

Detroit Free Press

Eclipse glasses are cheap, maybe $1 to $2 each, and are expected to be sold locally. But consumers are warned to watch out for dangerous knock offs.

Sunday, Aug 6


Auto stocks not getting much love on Wall Street even at Dow 22,000

As Wall Street soars to break one record after another, Detroit's auto stocks remain stuck alongside the road. Many everyday 401(k) investors had no trouble cashing in on low double-digit returns this year, not so much for those with a…


What's next for the UAW defeat after decisive defeat at Nissan in Mississippi?

Detroit Free Press

For the second time in three years, the UAW called a union representation vote at an auto plant in the South — and lost. But the UAW's wide margin of defeat at a Nissan plant in Canton, Miss., is different, and appears to be far more…

Saturday, Aug 5


Nissan workers soundly reject UAW representation in Mississippi

JACKSON, Miss. -- Workers at Nissan's plant in Canton, Miss., soundly rejected UAW representation after a multi-year union organizing campaign, delivering a major blow to the union's organizing efforts in the South. Sixty-three percent of…

Wednesday, Aug 2


UAW faces big hurdles in Nissan unionization vote

Revelations that a former UAW vice president and Fiat Chrysler Automotive official were in cahoots in a multimillion-dollar scam to enrich themselves at the expense of training for hourly autoworkers could spell trouble for this week's…

Tuesday, Aug 1


GM sales down 15.4%, FCA drops 10%, Ford down 7.5% for July

Auto sales continued their declines across most of the industry for July. General Motors led monthly declines for the Detroit Three as its vehicle sales fell 15.4% for July compared to the same month a year ago. Fiat Chrysler Automobiles…

Monday, Jul 31


Friends defend UAW exec's widow in alleged $2.2M scam: 'She is not (a) gold digger'

After years of working as a professional photographer, Monica Morgan — the indicted widow of a one-time powerful UAW executive — found herself in unfamiliar territory today: Getting her mug shot. Morgan, who is charged with using stolen…

Sunday, Jul 30


Will your private student loans soon be erased? Don't bet on it

College grads need to stop and take a deep breath if they're banking on soon seeing their overdue student loan debt vanish after news of an investigation relating to alleged shaky debt collection practices. Big headlines are surrounding…

Wednesday, Jul 26


Ford recalling 117000 vehicles for bolt issue

Ford Motor Co. is recalling nearly 117,000 vehicles because the bolts in the seat, seat belt or seat belt buckle may fracture. The recall involves the 2014 F-Series pickup, 2014 E-Series van, 2014-2015 Ford Escape and the 2015 Lincoln MKC…


CEO Jim Hackett tells Wall Street why Ford is cool

Detroit Free Press

Ford CEO Jim Hackett told Wall Street analysts today that Ford "is a jewel" that has remade itself several times and will do so once again even as the company confronts challenges such as falling industry sales and developing self-driving…

Wife of former UAW VP and Fiat Chrysler executive indicted

The wife of former UAW Vice President General Holiefield and former Fiat Chrysler Vice President of Employee Relations Al Iacobelli have been indicted in a scheme to divert millions of dollars that paid off a mortgage and purchased…


Ford profits increase 4% to $2.0 billion for second quarter

Ford said Wednesday it earned a profit of $2.0 billion during the second quarter, a 4% increase from the same period a year ago, as profits from the company's North American region helped it record better than expected results. In North…

Tuesday, Jul 25


GM profit falls 42% to $1.7 billion in 2nd quarter after selling European operations

General Motors said on Tuesday it earned a profit of $1.7 billion during the second quarter, a 42% decline compared with the same period a year ago that was mostly caused by the decision to sell its European operations and exit other…

Monday, Jul 24


2018 Ford Mustang adds power, reduces 0-60 mph time

The 2018 Ford Mustang GT will be the fastest-ever 0-60 m.p.h. — although Ford won't say precisely how fast — thanks to a new 10-speed automatic transmission, electronic drag mode and upgraded 5.0-liter V8 engine. The V8's output rises to…

Sunday, Jul 23


Which Kmarts are actually open, who still shops there?


Earnest Travis recently visited one of Michigan's few remaining Kmart stores. But after failing to find pantyhose in the style and size his wife wanted, he left empty-handed from his neighborhood Kmart in Waterford feeling more pessimistic…

Saturday, Jul 22


Report: GM may eliminate up to six cars from lineup

General Motors has put six of its cars under review and is evaluating whether to cancel them in the coming years, according to a report from Reuters. The news comes as sales of cars continue to plummet in the U.S. and as consumers…

Thursday, Jul 20


Police version of F-150 pickup overpowers Dodge and Chevy police cars

Do police departments need a pickup truck in their crime-catching lineup? Ford believes they do. The Dearborn automaker on Thursday unveiled the first-ever Police Pursuit version of its F-150 pickup, a 375-horsepower, four-wheel-drive crew…


Runnin' with the Devil: First drive in the 2018 Dodge Demon

Demon? I think not. Dodge's 840-hp modern muscle car is a slice of heaven, delivered unto our drag strips because a higher power — the executives on the 15th floor of Fiat Chrysler's headquarters tower — want us to be happy. And fast.…

Sunday, Jul 16

New Accord, Camry struggle for relevance as sedan sales plummet

Honda unveiled its all-new 2018 Accord sedan in midtown Detroit on Friday, perfectly timed to challenge the new 2018 Toyota Camry for supremacy in midsize sedan sales. If that excites you about as much as a pair of 1970s arena-rock bands…

Friday, Jul 14


Beaumont trumpets, defends new pricey proton beam cancer center

Detroit Free Press

Beaumont Health officials showed off their new $40-million cancer-fighting machine on Thursday — the first of its kind in Michigan and purportedly more advanced and less costly to operate than earlier models of the sometimes controversial…

Thursday, Jul 13


Detroit Medical Center blames data breach on outside agency

A data breach at the Detroit Medical Center that might affect 1,529 patients was the result of a contract employee turning over information to an unauthorized third party, officials said today. Since becoming aware of the breach, DMC said…


Beaumont to fight cancer with Proton Therapy Center

Beaumont Health will unveil today a high-tech cancer-fighting therapy that is considered ideal for destroying cancer cells close to vital organs. The $40-million Proton Therapy Center in Royal Oak will be one of only 25 such operational…

Friday, Jul 7


Sears, Kmart to close 45 more stores - 2 in Michigan - as retail crisis deepens

Sears Holdings continued its steady drip of store closures Friday with an announcement that 35 more Kmarts and eight Sears stores will soon shut their doors, including two Kmart stores in Michigan. The Michigan Kmarts set to close are in…

Thursday, Jul 6


WATCH: Amazon Prime Day: What to expect

Amazon Prime Day will run 30 hours this year instead of a typical 24-hour day. Expect deals everywhere.


Where are the American cars for North American vehicle honors?

Put a fork in it: Passenger cars are done. If there was any doubt that the action in the auto industry has shifted to SUVs and trucks, it disappeared when the vehicles eligible for the 2018 North American Car, Truck and Utility Vehicle of…