Michigan Business News

Detroit Mayor Dave Bing speaks at the General Motors Detroit Hamtramck Assembly Plant December 7, 2009 in Detroit, Michigan. GM announced that they will invest $336 million to build the new Chevrolet Volt extended range electric vehicle at the plant....

Recovering U.S. automaker General Motors Co. has "no plans" for additional layoffs, President of GM North America Mark Reuss said. "We have no plans for that right now," said Reuss speaking to reporters in Detroit on his third full day...

New leaders at General Motors Co. and Chrysler Group face very different challenges, U.S. auto industry analysts said. Both GM and Chrysler went through bankruptcy proceedings this summer and emerged with lighter debt loads and less capacity as operations were...

They will decline to less than an annual 1.5 million by 2012, said Dennis Capozza, professor of finance and real estate at Michigan's Ross School of Business. The drop in foreclosures will be due to better national and local economic...

Whitacre Jr. wasted little time shaking up the management ranks at General Motors, promoting a cadre of young executives yesterday to carry out his mandate for change just three days after he took over as chief executive. In the process,...

Detroit police seized clothes, pocketbooks and shoes after getting a tip two stores were selling counterfeit items with high-end labels, investigators said. Detectives working undercover made purchases at Dress for Less and the Hip Hop Connection, The Detroit News reported....

The Nasdaq composite climbed 6.02 points (0.28 per cent) to 2191.050, while the broad-market Standard & Poor's 500 index was virtually flat, but down 0.68 point (0.06 per cent) at 1108.56. Stocks were hovering nearly unchanged "as traders grapple with...

The two car companies, which have received tens of billions of dollars in government bailout money, unveiled plans to review and reconsider dealership closings. The companies said this year that they were planning to close more than 2,000 dealerships. GM...

Chubb Corp.’s ( CB ) Board of Directors announced Thursday its plans to issue a regular quarterly dividend of 35 cents a share. The dividend will be paid Jan. 12, 2010 to all shareholders of record on Dec...The company also...