detroit news

The 2020 presidential election could have a long term effect on the timeline for rapid electric vehicle expansion in the United States. EV, Auto Stocks Under Trump: A win by Trump could prove a sigh of relief for large automakers General Motors Company (NYSE: GM) and Ford Motor Company (NYSE: F)....

Billionaire Detroit Pistons owner and private equity investor Tom Gores is reportedly attempting to enter the world of private prison contractors, asking the FCC for approval on the purchase of Securus Technologies, Inc., a prison telephone service. It’s a company that’s been criticized...

The state of Michigan is suing Flint — the city where the drinking water was poisoned with lead after a botched switch to the Flint River as its water supply — due to its lack of a long-term water source. The city missed a deadline Monday to secure a long-term water source, something...

Europe hasn't traditionally been a good hunting ground for U.S. automakers. For example, crosstown rivals General Motors Company (NYSE: GM) and Ford Motor Company (NYSE: F) haven't done as well across the Atlantic as they have done in the United States. GM On Back Foot In Europe Both the...

Legendary investor Warren Buffett has always been blessed with an uncanny ability to plan far into the future, so it may come as no surprise that he has already planned how he wants his estate to be invested after he dies. In a 2013 letter to shareholders, Buffett personally disclosed his...

The Detroit News revealed that Tesla Motors Inc (NASDAQ: TSLA) has made additional steps toward serving customers in Michigan. The company applied for a collective group of licensing that would allow Tesla to "sell and service its luxury electric vehicles in Michigan" late last...

A recent article from the Associated Press discussed the trend of smartphone use in the United States and how some people prefer their older phones. Whether it's the fact that people don't want to spend the hundreds of dollars on a new phone or they don't want their lives to be...

The Detroit News is reporting that Fiat Chrysler Automobiles NV (NYSE: FCAU) plans on offering owners of recalled vehicles a cash incentive. The Incentive The auto manufacturer will offer $100 prepaid debit cards to owners of recalled vehicles as part of its commitment to ensure potential safety...

The biggest weekly magazines in Detroit have become one. Metro Times announced on Monday it has merged with Real Detroit Weekly. But can an audience increasingly relying on digital media continue to support a weekly print publication? “We’re excited to join forces with the Metro Times to create...

Nissan (OTC: NSANY) plans to increase vehicle manufacturing in the United States. The Japanese-based company aims to have 85 percent of all Nissan and Infiniti products that are sold in the U.S. produced in North America by 2015, spokesman Justin Saia told Benzinga. “Nissan continues to see...

General Motors (NYSE: GM) is expanding a recall from earlier this month to 1.6 million vehicles, saying the issue is related to 13 deaths. The initial recall of 778,000 vehicles with faulty ignition switches was for 2005-2007 Chevrolet Cobalts and Pontiac G5s, as well as Pontiac Pursuits sold...

"The city no longer has the resources to provide it residents with basic services," U.S. Bankruptcy Judge Steven Rhodes said on Tuesday morning. The judge spoke at length about his ruling, noting how both sides on this case offered arguments that were "moving, passionate and thoughtful." "It is...

How Does Tesla (NASDAQ: TSLA) lobby government officials? It hands lawmakers keys to a Model S for a spin around the block. Tesla is prohibited from opening showrooms in many states, including North Carolina, under pressure from car dealership owners who believe their business model is under...