The Detroit utility responsible for electricity at the Tigers’ baseball stadium said an outage that interrupted yesterday’s playoff game against the Boston Red Sox was isolated and that it doesn’t expect another incident.
Ford Motor Co. directors gathering this week in Dearborn, Michigan, are likely to discuss future plans by Chief Executive Officer Alan Mulally, who is being considered for the top job at Microsoft Corp., according to a person familiar with the board’s thinking.
Business is booming at Beau Boeckmann’s Ford showroom in southern California, with buyers snapping up Fusion sedans they compare to Aston Martins. Just don’t ask how the government shutdown might influence sales.
Visteon Corp., the auto-parts maker focusing on Asian growth, is considering leaving the New York Stock Exchange and trading in Hong Kong, where investors recognize the company’s value, its top executive said.
The 17 percent surge in U.S. auto sales last month pushed the annual rate to a pre-recession, boom-time level. Even more significant, Detroit automakers are reaping profits not seen since the turn of the century.
Detroit passed another significant signpost of its recovery as Standard & Poor’s Ratings Services yesterday revised General Motors Co.’s outlook to positive from stable and raised Ford Motor Co. to investment grade.
Nissan Motor Co., seeking a boost for its second-best-selling U.S. model, has revamped the Rogue small sport-utility vehicle to get a bigger share of the growing crossover segment from Honda Motor Co. and Ford Motor Co.