FCA’s third-quarter profits were $640 million, down from $1.1 billion in 2017. The decline was largely due to an estimated $794-million charge stemming from diesel engine software issues. North American sales continue to bolster the company balance sheet, where the automaker had a 12.9 percent market share.
In the third quarter of 2018, GM posted a profit of $2.5 billion, compared to a loss of $3 billion during the same period in 2017, which was due to the sale of Opel/Vauxhall in Europe. Sales of all-new full-size trucks are credited with this year’s gains.
Revenue was up 3 percent in the third-quarter compared to the same period in 2017, but overall profits were down $600 million due to challenges in China. Profits from North American operations are up 8.8 percent due to strong demand for trucks and SUVs.
Global automakers will roll out autonomous vehicles in the new year. After the self-driving shakeout, which OEMs and auto suppliers will stay in the game, and which new players will join the fray?
Group Purchasing Organizations are charged with saving hospitals money, but special carve-outs from Congress, a closed and secretive marketplace, and the ability to collect fees and pay rebates all serve to drive up costs for patients.
A lawyer in Detroit taps his manufacturing roots to better advise clients, including himself.
As president of The Rockefeller Foundation, West Bloomfield Township native Dr. Rajiv J. Shah is on a quest to make the world a better place.
Our holiday shopping guide takes you from the American Revolution to outer space.
Michigan’s economy has accelerated over the last two years due to favorable federal policies and smart reform from Lansing. But unless state leaders lower personal taxes, remove burdensome regulations, and eliminate corporate welfare programs, the good times won’t last.
The E-Interview, President of Chaldean American Chamber of Commerce, Farmington Hills
Dave Morrow, a graduate of Brother Rice High School in Bloomfield Township, takes the lacrosse world by storm.
From fashionable eyewear to luxurious skin care, here’s everything you need to put your best face forward this fall.