General Motors Co. on Friday laid off roughly 1,000 people globally with a majority working out of the automaker's Global Technical Center in Warren, according to a person familiar with the matter.

The layoffs, which were done as part of a reorganizing effort, affect both salary and hourly GM employees and impact multiple departments.

The ...Read more

Tax-reform legislation being planned by President-elect Donald Trump's transition team to revoke an up to $7,500 consumer tax credit for plug-in electric vehicles would do more damage to the Detroit Three's electrification prospects, analysts say, than to a Tesla Inc. led by Trump ally Elon Musk.

Reuters first reported the plans, citing unnamed...Read more

China wields new powers as it confronts the prospect of another trade conflict with the U.S., expanding its retaliatory reach in recent years to include tools capable of wreaking havoc on global commerce and finance.

Six years after Donald Trump started the first trade war with China, the U.S. president-elect has named a series of China hawks ...Read more

SAN FRANCISCO — San Francisco-based autonomous vehicle company Cruise LLC has admitted to filing a false report to sway a federal probe into a crash last year in which a pedestrian was run over and dragged more than 20 feet, according to authorities.

As part of a deferred prosecution agreement, Cruise will also pay a $500,000 fine, the U.S. ...Read more

DirecTV’s purchase of EchoStar’s subscription television business could collapse unless bondholders agree to accept a discount within the next week. But even if they don’t, EchoStar reassured investors it has raised enough capital to meet upcoming debt payments, allowing it to avoid a bankruptcy filing.

On Sept. 30, DirecTV announced it ...Read more

Once the highest-flying of cryptocurrency highfliers, the FTX crypto exchange is now in bankruptcy. Its founder, Sam Bankman-Fried, is in prison, along with a couple of his cronies. Its customers will receive some of their money back, but are still toting up their losses.

You might think that all means an end to the FTX story. You would be ...Read more

AUBURN HILLS, Michigan — A century after Michigan fueled the American auto industry, state officials are focused on shoring up college curriculums to ensure a workforce is prepared for the evolution of combustion engine vehicles to those powered by batteries.

Though the industry's transition to electric vehicles is expected to meet resistance...Read more

In the ever-changing automotive market, EVs are being released and updated seemingly on a weekly basis. As manufacturers enter the dog-eat-dog environment, consumers sit home itching to buy something. This week in Grasso's Garage, we consider British luxury manufacturer Jaguar Land Rover's beautifully designed and updated Range Rover Velar. This...Read more

Chief executives at Minnesota’s four largest nonprofit health insurers are warning premiums could spike and thousands of residents could lose coverage in 2026 if the state’s congressional delegation doesn’t help save enhanced federal tax credits that subsidize coverage bought through the public MNsure exchange.

The extra federal subsidies...Read more

The moment political ads disappeared, retailers overtook the airwaves with their pitch to the masses: Holiday shopping season is here.

And it’s a frenzy for retailers. Santas made their debut at malls this week. Target shelves are full of “Wicked”-themed merchandise in anticipation of the movie opening this week. And discounts that ...Read more

STERLING HEIGHTS, Michigan — Behold the transformed Cadillac.

With the 2026 Vistiq three-row SUV completing Caddy's five-model EV lineup, GM’s luxury brand has gone back to the future. The transformation is not only one of the most complete in the industry but places its models at the forefront of what Cadillac hopes will be an electric ...Read more

Acura has jumped into the affordable, compact luxury SUV segment with the sporty ADX.

The long-awaited entry-level SUV from Honda’s luxury brand will be the complement to Acura’s spicy compact Integra hatchback. Think BMW’s X1 and 2-series coupe tag team, or Audi’s Q3 SUV and A3 sedan. In an SUV-dominated age, Acura is the rare ...Read more

ANTRIM, Michigan — The dirt track of 10 Pines Ranch here is alive with American Motocross Racing District 14 racing during the summer/fall months. Bike racers young and old show up to show off their physical skills and fitness over the one-mile track’s diabolical mix of high-speed turns, jumps and moguls. Their steeds? A spicy international ...Read more

Here’s the first thing you probably want to know about the 2025 McLaren 750S Spider: 2.7 seconds. That’s how little time it takes for this rear-wheel-drive, V-8-powered supercar to reach 60 mph on its way to a 206-mph top speed. Of course, to experience such exhilarating acceleration, you’ll have to pony up $364,500. That’s more than the...Read more

A Minnesota sports drink brand is hitting social media influencer Logan Paul’s beverage company, Prime, with a trademark infringement lawsuit.

X Hydration, based in Rosemount, Minnesota, says its trademarks predate the new Prime X Hydration varieties launched over the summer and is asking a judge to step in to stop Prime from using the mark. ...Read more

The FBI descended on the New York City home of Polymarket founder and CEO Shayne Coplan early Wednesday, rousing him from bed at 6 a.m. and demanding his electronic devices, according to reports.

The betting website had out-polled the polls to predict Donald Trump would win the presidential election, prompting Coplan, 26, and other crypto bros ...Read more

President-elect Donald Trump’s pledge to levy hefty tariffs on imports is expected to result in retaliation that hits farmers hard, repeating events of his first term, when Washington spent tens of billions of dollars to ease the pain on the agriculture sector.

Trump has proposed a blanket 10% to 20% tariff on all goods imports, a 60% or ...Read more

Elon Musk is easily the world’s wealthiest man, with a net worth topping $300 billion.

But even he stands to make more money from his association with the federal government after placing a winning bet on Donald Trump’s election to the presidency.

“It’s going to be a golden era for Musk with Trump in the White House,” Wedbush ...Read more

LOS ANGELES — Superheroes and animation packed a punch for Walt Disney Co. as "Deadpool & Wolverine" and "Inside Out 2" propelled the company's film studio to one of its best fiscal quarters.

The Burbank media giant reported Thursday that its entertainment business took in $10.8 billion in revenue during its fiscal fourth quarter, an increase...Read more