Detroit Free Press / Business

Wednesday, Apr 18


What does it take to become a 401(k) millionaire?

Detroit Free Press

Bragging about your 401(k) has been a bit easier, after strong gains in stock market in recent years.


Cadillac head Johan de Nysschen abruptly leaves GM

Detroit Free Press

General Motors is replacing the head of its Cadillac brand. The automaker announced Tuesday that it is appointing Steve Carlisle as GM vice president and president of Cadillac, replacing Johan de Nysschen, "who is leaving the company…

Saturday, Apr 14


After son's death, Red Wings announcer Ken Daniels joins opioid fight

Detroit Red Wings play-by-play announcer Ken Daniels has cut a swath through Hockey Town for 21 years, known for telling it like he sees it on the ice. Now he's raising his voice as he speaks out about an issue near and dear to him — the…

Wednesday, Apr 4


Blue Cross Blue Shield reverses plan, will pay for knee arthritis shots

Detroit Free Press

Blue Cross Blue Shield of Michigan has reversed its decision to stop covering an anti-arthritis injection for knees that some doctors insist helps patients but others contend is little better than a placebo. Blue Cross told medical…


2018 Ford Escape fails passenger safety crash test

New crash tests show the popular 2018 Ford Escape has the worst safety rating of seven small sport utility models put through the latest round of front passenger-side crash evaluations. "The occupant survival space was badly compromised"…

Sunday, Apr 1


Mustang hits 150 mph on Colorado interstate; cops give up chase

Molly McQueen, granddaughter of the late actor Steve McQueen, reveals the new 2019 Ford Mustang Bullitt. Watch as they drive in the original 1968 Bullitt driven by McQueen in the movie Bullitt. 636514683874950396-Ford-Mustang-Bullitt-02…

Saturday, Mar 31


Trump administration expected to pull back on fuel efficiency standards

Consumer and environmental groups are lashing out at an expected move by the Trump administration to begin rolling back vehicle fuel efficiency and emissions standards even as the auto industry and its allies said they do not plan to…

Friday, Mar 30


Is Michigan back as a Top 10 economic player? Depends on the metric

Detroit Free Press

Those happy with Michigan's recovery from the Great Recession like to proclaim that we're a Top 10 state again. Gov. Rick Snyder said as much a few days ago during an address to the Detroit Regional Chamber's State of the State event. "We…


Ford CEO Hackett pay near $17M was 199 times more than median employee

Ford CEO Jim Hackett earned total compensation of $16.7 million in 2017, his first calendar year at the company's helm, the automaker said Thursday. Hackett became CEO on May 19 and was head of Ford Smart Mobility before that. The company…

Thursday, Mar 29


YouTuber who bought, fixed Domino's Pizza car facing legal threats

Detroit Free Press

A YouTube personality who spent $525 for a wrecked Domino's Pizza delivery car at a salvage auction and rebuilt it on camera says he is now being told to sell the vehicle or face the consequences of a potential Domino's trademark…

Con artists take their IRS scam to the tax preparers as data theft rises 60%

The final rush before this year's April 17 tax deadline puts everyone on edge — including tax professionals — making folks easy targets for scammers. Did you just get a letter from the IRS that asks you to verify your identity — even when…

Saturday, Mar 17

PMI tax deduction could mean bigger tax refund: Here's what to know

Detroit Free Press

A last-minute, money-saving tax change could be awaiting young homeowners and others who made a low down payment — so watch out for the paperwork. Homeowners who pay private mortgage insurance — or what's known as PMI — recently began…

Thursday, Mar 15


Wells Fargo CEO recounts 'painful mistakes' in Detroit Econ Club chat

Wells Fargo CEO Timothy J. Sloan is on a "Rebuilding Trust" mission now that the bank's legendary brand is synonymous with scandal. Sloan, a 30-year veteran with Wells Fargo, engaged in a fireside chat that was billed as focusing on …

Tuesday, Mar 13


Could General Motors launch its own Airbnb for cars?

Bloomberg reports that General Motors is planning something similar through its Maven car-sharing platform. The news service, citing unnamed sources, said GM will launch a pilot project this summer. "GM vehicle owners will be able to put…

Thursday, Mar 8


Tattoos are in, ties are out in office fashion

Detroit Free Press

Long frowned upon in professional settings, visible tattoos have become a way to promote businesses, causes and show corporate loyalty.

Wednesday, Mar 7


Biggest Chevy Silverado ever debuts at work truck show

Chevy on Wednesday unveiled three Silverado chassis cab trucks that could form the basis for everything from utility bucket trucks to beer vans at the Work Truck show in Indianapolis. The biggest, the Silverado 6500HD, should be able to…

Tuesday, Mar 6


How Domino's used technology to woo millennials and beat rival Pizza Hut

The pizza chain's relentless pursuit of digital technology had its skeptics but the plan helped it to be the biggest and even beat rival Pizza Hut.

Saturday, Mar 3


A star of Detroit Autorama: Famed, mint '63 Chevy Impala with just 11 miles on odometer

Shboom Customs' vehicles put on a display at the start of the Detroit Autorama car show in front Cobo Center in Detroit on Friday, March 2, 2018. Kimberly P. Mitchell/Detroit Free Press. 636556251790317155-1963-Chevrolet-Impala-02.JPG Buy…

Friday, Mar 2


Retailers no longer so shy about taking a stand on social issues amid furor over gun sales

Businesses, in reaction to recent school shooting deaths, are becoming vocal about their corporate social responsibility when it comes to guns. Loading… Post to Facebook. Retailers no longer so shy about taking a stand on social issues…


Detroit auto show moved to October? It could happen

Organizers of Detroit's global showcase for new auto sheet metal, a January tradition, are in discussions that could shift the date of the show to October. That would push it ahead of the holiday season and, perhaps more importantly, ahead…


Moving Detroit auto show to October: Risky. Not moving it: More risky

The 2018 North American International Auto Show at Cobo Center in Detroit embodies the variety of vehicles on sale. Not every new idea will find an eager audience, though. Here are Mark Phelan's picks for the show's highs and lows. Mandi…

Wednesday, Feb 28


Social Security benefits stolen by hackers, leaving families with bill

Susan Tompor, Detroit Free Press Personal Finance Columnist Published 6:00 a.m. ET Feb. 28, 2018 | Updated 9:03 a.m. ET Feb. 28, 2018. ID theft. Tim Sagert, of Sterling Heights, discovered that fraudsters applied for Social Security…

Sunday, Feb 25


Report: Fiat Chrysler to end diesel production in passenger cars by 2022

Fiat Chrysler Automobiles will end diesel passenger car production by 2022, according to a published report. The plan, reported Sunday in the Financial Times, follows a drop in consumer demand in Europe following the fallout from the…

Thursday, Feb 22


Ford management shakeup: Galhotra replaces ousted president of Ford N. America

Detroit Free Press

Ford Motor Co. announced a new senior leadership team Thursday morning, led by Kumar Galhotra, who moves over from heading Lincoln to replace Raj Nair as Ford North America president. The management changes come on the heels of an…

Wednesday, Feb 21


Get your tax refund before you file? Here's why it's happening

Wait, what? You didn't file your income tax return yet but suddenly, somehow you spotted a bunch of money in your bank account from a refund? Seriously? Believe it or not, criminals are using real bank accounts in a fast-spreading scam…

Monday, Feb 12


Art Van Elslander, founder of Art Van Furniture, dies at 87

Detroit Free Press

Art Van Elslander, who founded Michigan-based Art Van Furniture and opened his first store in 1959 in Eastpointe, has died. He was 87. Funeral arrangements are pending. More to come. Read or Share this story: http://on.freep.com/2nXEy0C.…


Nick Gilbert, son of Dan Gilbert, to undergo major brain surgery

Most remember Nick Gilbert as the Cavaliers' good luck charm during the 2011 NBA draft lottery

Tuesday, Feb 6


General Motors workers to get $11,750 profit-sharing checks

General Motors said its pretax profits met 2016 earnings, while showing a net loss of $13.5 billion due in part to tax reform and other charges.

Monday, Feb 5


Wall Street opens day with triple-digit loss and rocky start

Stocks kept getting squeezed Monday morning, as the Dow Jones industrial average dropped another 190 points or so in trading early in the day. The Dow was down 194.56 points — or 0.76% — to trade at 25,326.40 points shortly after 10 a.m.…


Ram Trucks ad during Super Bowl using Martin Luther King Jr. audio sparks social media scorn

A Ram Trucks Super Bowl commercial that featured audio from one of Martin Luther King Jr.'s last speeches sparked instant controversy Sunday night on social media, with some criticizing the ad for poor taste for using the late civil rights…