City Detroit Financial News

17.12 / 17:51

Highways testing Traffic mountaineering Company recalls over 541K winter tires because they don't have enough snow traction

A company that sells replacement winter tires is recalling more than 541,000 of them in the U.S. because they don’t have enough snow traction to meet North American standards

17.12 / 11:39

UPS Highways Fastenal Department prevention Traffic US to require passenger vehicles to sound alarms if rear passengers don't fasten their seat belts

Starting in September of 2027, all new passenger vehicles in the U.S. will have to sound a warning if rear-seat passengers don’t buckle up

13.12 / 18:25

Twitter SEC Platform security Tesla social Investigations Musk: US is demanding he pay penalty over disclosures of his Twitter stock purchases

Elon Musk says the Securities and Exchange Commission wants him to pay a penalty or face charges involving what he disclosed — or failed to disclose — about his purchases of Twitter stock before he bought the social media platform in 2022

11.12 / 02:11

UPS CEO Software Tesla reports Investigations GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit

General Motors says it will retreat from the robotaxi business and stop funding its money-losing Cruise autonomous vehicle unit

09.12 / 16:47

CEO Stellantis brings back Tim Kuniskis to run Ram brand after ouster of CEO Carlos Tavares

Troubled automaker Stellantis has decided that its Ram brand needs its own executive, so it is bringing back an executive who retired this year when CEO Carlos Tavares was still running the company

09.12 / 02:09

markets UPS Digital Experts PAM show BYD on track to top 2024 sales goal and outsell Ford, Honda

BYD is set to show further market share gains when November vehicle sales data is released on Monday, putting it on course to exceed its annual goal and overtake Ford and Honda in global sales. BYD has been on an extraordinary expansion this year, growing capacity and undertaking a massive hiring spree to turbocharge revenue, which overtook EV leader Tesla in the third quarter. Aided by robust sales in China that continued in recent months, BYD is now on course to beat its annual sales target of 4 million vehicles, more than Japan's Honda and Detroit-based Ford in 2024 worldwide sales.

07.12 / 18:35

markets Man Experts PAM stars NHL Who is Anna Kane? The ex-eife of NHL star Evander Kane who accused Sean Diddy of rape

Anna Kane, the ex-wife of Edmonton Oilers player Evander Kane, has publicly identified herself as one of the women accusing Sean “Diddy” Combs of sexual assault. Filed under the pseudonym “Jane Doe” in December 2023, Kane’s lawsuit alleges she was drugged and gang-raped by Combs, his associate Harve Pierre, and an unnamed individual in 2008 when she was 17. “I had hoped to use a pseudonym in pursuing justice for what happened to me as a teenager,” Kane said in a statement to Us Weekly on 7 December. “Defendants’ demand that I use my name was an attempt to intimidate me, but I am not intimidated. I am prepared to proceed and hold accountable those who have harmed me.”

06.12 / 00:39

Highways Nov cover reports prevention Traffic Honda recalls nearly 206,000 SUVs to fix fuel filler tubes that can leak gasoline

Honda is recalling nearly 206,000 SUVs in the U.S. because the fuel filler neck can separate from the filler pipe in a crash, allowing gasoline to leak and increasing the risk of a fire

05.12 / 15:33

UPS Gap Lexus reports testing Features International Consumer Reports survey finds electric vehicle reliability improving but lagging gas models

The reliability of electric vehicles and plug-in hybrids has dramatically improved, narrowing a gap with gas-powered automobiles

04.12 / 13:59

markets COST security performer country reports Losses in China lead to $5Bn charge for General Motors as it cuts assets value

The poor performance of General Motors’ Chinese joint ventures is forcing the company to write down assets and take a restructuring charge totaling more than $5 billion in the fourth quarter of this year

04.12 / 09:49

Provident Software Death song rapper Schools Relationships Eminem's mother Debbie Nelson, whose rocky relationship fuelled the rapper's hit song lyrics, dies

Debbie Nelson, the single mother of rapper Eminem whose rocky relationship with her son was known widely through his hit song lyrics, has died. She was 69. Eminem's longtime representative Dennis Dennehy confirmed Nelson's death in an email on Tuesday. He did not provide a cause of death, although Nelson had battled lung cancer. Nelson was born in 1955 on a military base in Kansas. Her fraught relationship with her son, whose real name is Marshall Mathers III, has been no secret since the Detroit rapper became a star.

04.12 / 06:45

CEO Tesla awards Opinion Experts Courts rights A judge has once again rejected Musk's multi-billion-dollar Tesla pay package. Now what?

For a second time, a Delaware judge has nullified a pay package that Tesla had awarded its CEO, Elon Musk, that once was valued at $56 billion

03.12 / 17:45

Citi NHL rights Sporting Rangers Kansas City Royals reach agreement with Diamond Sports Group to continue airing games

The Kansas City Royals say they have reached an agreement with Diamond Sports Group to continue broadcasting their games next season

03.12 / 14:35

Waters Parke Highways Chevrolet electronic reports Traffic GM adds over 132,000 heavy duty pickups to recall for tailgates that can open unexpectedly

General Motors is adding over 132,000 heavy-duty pickups in the U.S. to a previous recall for tailgate release switches that can short circuit and open the gates while the trucks are in park

02.12 / 22:03

UPS CEO Parke community show Department US commits to $7.54B loan for Stellantis venture to build 2 EV battery plants

A Stellantis joint venture with Samsung SDI has won a commitment from the U.S. Energy Department for up to a $7.54 billion loan to help build two electric vehicle battery plants in Kokomo, Indiana

27.11 / 21:33

COST UPS Hyundai show cover Hyundai recalling over 226,000 vehicles to fix rearview cameras that can fail

Hyundai is recalling more than 226,000 SUVs and small cars in the U.S. because the rearview camera image may not show up on the screens

27.11 / 12:09

markets COST UPS Volkswagen Tesla Porsche International Electric cars need a recharge as range limits, cost leave some drivers skeptical

While sales of electric vehicles surge in China, the spread of more environmentally friendly vehicles is stumbling in the United States and Europe as carmakers and governments struggle to meet years-old promises about affordability and charging stations

27.11 / 02:01

markets UPS Analysis Trade Experts Department How Trump's proposed tariffs might affect commodities and energy

26.11 / 08:41

COST UPS Tesla Research President show reports Auto industry's shift toward EVs is expected to go on despite Trump threat to kill tax credits

If President-elect Donald Trump makes good on his threat to kill federal tax credits for electric vehicle purchases, it’s likely that fewer buyers will choose EVs

26.11 / 03:23

Citi CEO Entertainment reports Sporting Detroit's iconic Renaissance Center could see 2 towers razed in $1.6B redevelopment plan

Two towers at Detroit’s iconic Renaissance Center would be razed and the complex converted to a mix of housing and offices under an ambitious $1.6 billion plan announced on Monday

22.11 / 22:59

Software Hyundai cover Updates Hyundai, Kia recall over 208,000 electric vehicles to fix problem that can cause loss of power

Hyundai and Kia are recalling over 208,000 electric vehicles to fix a pesky problem that can cause loss of drive power, increasing the risk of a crash

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