The automotive supply company owned by Detroit Mayor Dave Bing is facing severe financial difficulty and began seeking a buyer as early as June, according to documents obtained by The Detroit News.
In an unorthodox move, the national leadership of the United Auto Workers is expected to ask local union leaders to authorize formal negotiations with Ford Motor Co. and vote to recommend approval of the results of those negotiations today, according to people familiar with the situation.
The race to change the way Americans fuel their vehicles is propelling Michigan to the forefront in pioneering alternatives. Some alternative fuel technologies are further along than others, but breakthroughs are afoot in the Great Lakes State, especially with the federal government pouring billions of dollars into Michigan for advancing biofuel and electric battery technology.
Ford Motor Co.'s share of the major European markets broke 10 percent for the first time in eight years last month after the Dearborn automaker posted its fourth consecutive month of year-over-year sales increases.
As far as Jeff Leestma is concerned, the 241 assorted pioneers, visionaries and geniuses who've been inducted into the Automotive Hall of Fame should be instantly recognizable. Kids should collect their trading cards and pets should carry their names: "Here, Gottlieb Daimler! Here, boy!" That's not going to happen -- but we could at least stop by once in a while.
Renault-Nissan CEO Carlos Ghosn's startling claim that battery-powered vehicles will win 10 percent of global new car sales by 2020 still beggars belief.
Washington -- U.S. Transportation Secretary Ray LaHood, who is making his first trip to Detroit since joining the Cabinet, will tour facilities of Detroit's Three automakers this week.
Washington -- Struggling states and towns got a dose of badly needed money this summer from a Cash for Clunkers program that poured hundreds of millions of dollars of tax revenue into their budgets.
