Chrysler workers await news as Fiat CEO Marchionne orders model cuts and changesDETROIT — At a Jeep factory in Toledo, Ohio, workers fear that Chrysler’s new Italian management will scrap one of the two models they make, costing some of them their jobs. Traders keep buying old GM stock despite warnings that it soon will be worthlessDETROIT — Whether it’s a matter of ignorance or greed, people are still buying General Motors stock, even though the company and the government have warned that the shares will someday be worthless. J.D. Power predicts boost in August auto sales due to cash for clunkers; raises 2009 forecastDETROIT — A leading automotive research company is predicting that U.S. monthly auto sales will rise above the 1 million mark for the first time this year in August, due mainly to the government’s Cash for Clunkers program. Detroit boy, 12, faces murder charge, possible life sentence, in shooting death of woman, 24DETROIT — Authorities say a 12-year-old Detroit boy accused of shooting a 24-year-old woman to death during a street robbery could face an adult murder sentence of life in prison without parole if he’s convicted. GM cancels the Buick compact crossover, says it doesn’t fit with brandDETROIT — General Motors Co. Vice Chairman Tom Stephens said Wednesday that the company is scrapping plans to produce a Buick crossover sports utility vehicle, just weeks after announcing the product to a flurry of negative reviews. Optimistic GM boosts production by 60,000 vehicles as sales rise on Cash for Clunkers demandDETROIT — Shoppers are snapping up cars and trucks so quickly that General Motors Co. is boosting production for the rest of the year to keep up with Cash for Clunkers demand. Battling $300M deficit keeps ex-NBA star Dave Bing busy in 1st 100 days as Detroit mayorDETROIT — Dave Bing is aware of what waits for him each morning as he strolls into Detroit City Hall. General Motors set to make 60,000 more vehicles, partly due to Cash for Clunkers demandDETROIT — General Motors Co. says it will add 60,000 vehicles to its production in the third and fourth quarters, spurred partly by demand from the government’s Cash for Clunkers program. General Motors set to make more cars in response to Cash for Clunkers demandDETROIT — Higher sales, in part from the government’s Cash for Clunkers program, are spurring General Motors Co. to boost production at several of its factories. Researchers at Michigan State look to genetically modified rutabagas as new source of biofuelDETROIT — Researchers at Michigan State University are working to turn the rutabaga into an oil-producing powerhouse that could make the turnip-like vegetable a better source of biofuel than other food crops. AP Source: Chrysler Group to build Fiat 500 minicar at factory in MexicoDETROIT — Chrysler Group LLC, now being run by Italian automaker Fiat Group SpA, is planning to build the Fiat 500 minicar at a factory in Mexico, according to a person briefed on the company’s plans. Police in Detroit chase stolen truck that crashes and explodes, killing 1 and injuring 2DETROIT — The driver of a stolen pickup truck fleeing police died in a fiery crash Thursday morning after the truck collided with a minivan, another truck and a utility pole and burst into flames, authorities said. Police in Detroit chase stolen truck that crashes and explodes, killing 1 and injuring anotherDETROIT — Authorities say one person has died after a fiery crash in Detroit in which police were chasing a stolen pickup truck when it collided with a minivan, struck a utility pole and then burst into flames. 5 Detroit Public Schools employees charged with embezzlement in ongoing fraud, theft probeDETROIT — Five Detroit Public Schools employees have been charged with embezzlement in an ongoing investigation into the “culture of corruption” that took hold in the state’s largest district, a prosecutor said Wednesday. General Motors confirms it will assemble Volt battery packs at new southeast Michigan factoryDETROIT — General Motors Co. has confirmed it will assemble battery packs for its new rechargeable electric car at a new factory in southeastern Michigan. ‘Nutritious, delicious!’ Roving truck brings fruits, vegetables to Detroit neighborhoodDETROIT — In a neighborhood served by 26 liquor stores but only one grocery, a community group is peddling fresh fruits and vegetables like ice cream. GMAC to offer leasing option on certain vehicles in 45 statesDETROIT —GMAC Financial Services said Monday that it will offer a leasing option on select vehicles to drivers in 45 states. Former sheriff pledges to restore order to Detroit streets as new police chiefDETROIT —Warren Evans once thought he might tame scandal-plagued Detroit City Hall as mayor. As the new police chief, he’s focused on bringing order to streets he has called the “wild, wild West.” GM must convince consumers of long-term strength; to register 3.5 bln shares for sale in 2010DETROIT — The new General Motors Co. said Friday it was worried about regaining consumer confidence following its exit from Chapter 11, and that its sales won’t improve in 2009 as U.S. economic troubles continue. GM says it will register 3.5 billion stock shares for sale next year; won’t report 2Q earningsDETROIT — The new General Motors Co. plans to register 3.5 billion shares of stock to ready itself for a public offering sometime next year, using the proceeds to repay at least part of what it owes the U.S. government and other stakeholders. Correction: GMAC earnings storyDETROIT — In an Aug. 4 story about GMAC Inc., The Associated Press reported erroneously the percentage change and figures for the company’s second-quarter revenue. GMAC’s net revenue fell 22 percent to $1.03 billion from $1.32 billion, not 28 percent to $1.27 billion from $1.76 billion. General Motors says it will issue 3.5 billion stock shares next year; won’t report 2Q earningsDETROIT — General Motors Co. says it aims to register 3.5 billion shares of stock for a potential public offering sometime in 2010. Senate to vote on $2B ‘cash-for-clunkers’ extension that would fund 500K new vehicle salesWASHINGTON — The Senate is poised to pump $2 billion more into the popular “cash-for-clunkers” program after agreeing to give shoppers until Labor Day to make a deal on more energy-efficient models. Highway safety group says repairs to midsize car bumpers are costly after minor accidentsDETROIT — None of the six most-popular midsize sedans earned a top rating in bumper safety in the latest crash tests performed by the Insurance Institute for Highway Safety. Vice president tells Mich. its $1B in advanced vehicle grants should help speed recoveryDETROIT — Vice President Joe Biden said Wednesday the U.S. has an opportunity to help build a new foundation for the economy through $2.4 billion in federal grants to develop next-generation electric vehicles and batteries. Detroit school audits find $2.1 million health insurance waste, mothballed motorcycle fleetDETROIT — Audits of Detroit schools are finding widespread waste in the deficit-ridden district. Asset freeze stays put at 2 Detroit-area firms accused of orchestrating $53M Ponzi schemeDETROIT — A judge has kept an asset freeze in place at two Detroit-area financial firms where managers are accused of orchestrating a $53 million Ponzi scheme. Car buyers returned to showrooms in July, boosting sales as big rebates drive businessDETROIT — The government’s “cash-for-clunkers” program drew car and truck buyers back to American showrooms last month, making July the best month for auto sales in nearly a year and offering powerful evidence that the rebates were working as senators debate whether to continue them. Govt rebates spur best auto sales month of 2009; Ford is in the plus column 1st time since ‘07DETROIT — Lured by the government’s cash for clunkers campaign, car and truck buyers started returning to showrooms last month, as Ford Motor Co. reported its first U.S. sales increase in nearly two years and other major automakers said sales showed signs of stability. Engineering students at Mich. test cane that reads electronic tags to guide blindDETROIT — A cane equipped with the technology that retailers use to tag merchandise could help blind people avoid obstacles. |
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