Trump Michigan trip includes stops at a Black church and a gathering of MAGA activists

Trump is scheduled to host an afternoon roundtable at an African American church in downtown Detroit. Later he will appear at the “People’s Convention” of Turning Point Action, a group that the Anti-Defamation League says has been linked to a variety of extremists. Roughly 24 hours before Trump planned to address the conference, well-known white … Read more

General Motors board approves another $6 billion share repurchase as the automaker gains momentum

General Motors has approved another $6 billion share repurchase as the Detroit automaker adds to its 2024 momentum. The Tuesday announcement follows a $10 billion share buyback authorization in November of last year. Shares in the Detroit automaker rose 1.4% to $48.21 Tuesday. GM’s shares rose another 1.5% early Wednesday are up about 34% since … Read more

GM board approves new $6 billion share buyback authorization

General Motors CEO Mary Barra, center, at the New York Stock Exchange, Nov. 17, 2022. Source: NYSE DETROIT – General Motors on Tuesday announced a new $6 billion stock repurchase authorization has been approved by its board. The new buyback authorization comes as an accelerated $10 billion share repurchase program announced in November 2023 is … Read more

UAW President Shawn Fain under investigation by federal monitor

United Auto Workers President Shawn Fain testifies about the toll of working hours on laborers before the Senate Senate Health, Education, Labor, and Pensions Committee in the Dirksen Senate Office Building on Capitol Hill on March 14, 2024 in Washington, DC.  Chip Somodevilla | Getty Images DETROIT – United Auto Workers President Shawn Fain is … Read more

Ford restores Detroit train station for $950 million campus

Ford Motor is turning an abandoned train station used for decades as an infamous symbol of Detroit’s downfall and blight into a new technology campus for the automaker and mixed-use property for the city. Michael Wayland / CNBC DETROIT – Ford’s latest project out of the Motor City is the restoration and reopening of an abandoned … Read more

Cadillac moving its headquarters back to Michigan from New York City

Cadillac is coming home to Michigan. Four years ago, GM announced it would move the headquarters for its luxury brand to the trendy SoHo neighborhood of New York City, and it set up the division as a “separate business unit.” This week, GM said it will move the headquarters back to suburban Detroit near GM’s … Read more