Detroit Free Press Car News
Because Ford needs to keep up with Americans' unsated appetite for new cars and trucks, the company will add 200,000 vehicles of annual capacity, and get another 40,000 vehicles by cutting the traditional two-week summer shutdown in half.
Detroit-based Compuware swung to a $17 million net loss for its fiscal year 2013, a year after posting a profit of $88 million. The company, which recorded a 6% revenue decline to $945 million, has come under scrutiny for its financial performance after a takeover bid by New York hedge fund Elliott Management.
General Motors plans to move about 70 finance staffers from its New York treasury office to Detroit over the next year. This office has been where generations of the automakers' braintrust were groomed. Former CEO's Rick Wagoner, Fritz Henderson and Jack Smith all spent time in the office.
Marchionne's use of the term was intended to convey that a Fiat-designed engine would be better than an American engine for this particular model. The term, however, is offensive to Italian Americans.
The logistics center will be 400,000 square feet and used for parts sequencing purposes, which involve storing parts to be used on the assembly line.
A new law limiting when fireworks can be used may not be enacted by Memorial Day, but state legislators are hoping to complete the bill by the Fourth of July.
Last updated at: 5/22/2013 10:48:51 AM ET
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Last updated at: 5/22/2013 10:48:51 AM ET
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