Carvana falls as rising rates, inflation cut used car sales
Shares of upstart used-vehicle chain Carvana tumbled another 16% Monday, undercut by the company's struggles with falling prices and waning demand for its products.
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Shares of upstart used-vehicle chain Carvana tumbled another 16% Monday, undercut by the company's struggles with falling prices and waning demand for its products.
Tesla to open testing facility and service center aimed at electric vehicles in Southfield.
Volkswagen is recalling nearly 225,000 vehicles in the U.S. because the tire pressure monitoring systems may not detect air losses in all four tires at the same time.
Ford sold 158,327 vehicles last month, down from almost 176,000 vehicles in the same period last year, the company said Wednesday.
Ford Motor Company unveiled the new 2023 Transit Trail on Thursday.
General Motors is partnering with Microvast, a battery manufacturer, to develop special EV battery separator technology and build a plant in the U.S.
Stuart Rowley, chief transformation and quality officer, is leaving after 32 years with the company. He'll be replaced by Jim Baumbick, who is now vice president of product development operations and internal combustion engine programs, the company said Wednesday.
Hyundai is telling the owners of more than 44,000 SUVs in the U.S. to park the vehicles outdoors because they can catch fire even if the engines are off.
Automaker Stellantis is offering certain employees a buyout option in a move the company calls part of its "transformation to become a sustainable tech mobility company."
Prices on new and used vehicles remain 30% to 50% above where they were when the pandemic erupted. The average used auto cost nearly $31,000 last month. The average new? $47,000.
Tesla is recalling over 24,000 Model 3 vehicles over a seat belt issue.
Ford said Wednesday that it is disbanding Argo AI, an autonomous vehicle company that it co-owns with Volkswagen.
General Motors said Wednesday that it has secured all of the renewable energy it needs to power all of its U.S. facilities by 2025, 25 years ahead of earlier projections.
Ford Motor Company announced Wednesday it has sold its 49 percent share of Sollers Ford Joint Venture in Russia.
The facility will serve as a regional hub for its vehicle design and testing with the support of a $2.5 million Michigan Business Development Program grant.
The Michigan State Police have released the ages of the five people killed and a sixth who was injured in a series of shootings in the northern part of the state on Friday.
Three people are dead after a fire at an adult foster care facility in Redford Township, Michigan, on Saturday morning, according to the community's fire chief.
Woodward Dream Cruise participant Mike Holmes, who showed off a DeLorean at Saturday's event, said the " human interaction is just as much fun as driving the car."
A 41-year-old Ohio resident suspected of stealing jewelry from a Meijer in Frenchtown Township, Michigan, is in custody after a vehicle chase on Saturday afternoon, according to the Monroe County Sheriff's Office.
With a dozen days of training camp and one preseason game in the books, questions remain about the Detroit Lions offensive line starters.
Woodward Dream Cruise participant Mike Holmes, who showed off a DeLorean at Saturday's event, said the " human interaction is just as much fun as driving the car."
General Motors says 350 workers will be laid off in January at its Lansing Grand River Assembly/Stamping and Lansing Regional Stamping sites.
Ford says the reveal is intended to connect directly with the enthusiasts who have helped make the Woodward Dream Cruise one of the nation's premier automotive events.
On average, drivers in the state are paying $4.15 per gallon for regular unleaded fuel.
Dodge unveiled the return of the Super Bee on Thursday during a media preview for Roadkill Nights Powered by Dodge at M1 Concourse in Pontiac.
Vincent Pastore played Salvatore "Big Pussy" Bonpensiero on all six seasons of "The Sopranos," which aired from 1999 to 2007.
It was another busy night in Ann Arbor as country singer Morgan Wallen took the stage on Saturday for his second concert in as many days at Michigan Stadium, better known as the Big House. Like any game day at the venue, there's a lot of foot traffic and first responders at every corner.
A group of young performers is taking the stage on Friday night to showcase their talents while celebrating Detroit's culture and history.
Paramount Skydance on Friday said it would delay the deal until as late as June 2027.
A major weekend in Ann Arbor as fans gear up to see country music star Morgan Wallen take over the University of Michigan Big House stadium on Friday and Saturday.
Five people were injured in the shooting involving multiple suspects. One person is currently listed in critical condition, the university said.
Miguel Vargas homered twice, Tristan Peters and Munetaka Murakami went deep once each, and the Chicago White Sox beat the Detroit Tigers 9-5.
Luigi Mangione entered a guilty plea in his federal case at a court appearance in Manhattan Friday morning.
Nearly half of renters spend more than 30% of their income on housing. Here's what it costs to rent a two-bedroom home in 50 U.S. cities.
The White River in Indiana rose to record-breaking levels as more than 11 inches of rain has fallen east of Indianapolis since Tuesday.
The Michigan Department of Health and Human Services says a human case of influenza A H1N2 swine flu was detected in a person who was a participant at the Kent County Youth Fair.
A new executive order from President Trump is reshaping federal childhood vaccine recommendations and encouraging states to review their school immunization requirements, a move that comes as Michigan families prepare for the new school year.
The Livingston County Board of Commissioners is considering a resolution that would implement a program from Opioid Free America that would analyze prescription data of county employees and encourage prescribers to wean their patients off opioids.
An additional 35 Michigan residents have required hospital care for cyclosporiasis as an outbreak continues to be tracked, state health officials said on Thursday.
In a wide-ranging interview with the CBS News partner BBC News, Hunter Biden grew emotional as he discussed his father's condition, describing it as very sad to watch.
With a dozen days of training camp and one preseason game in the books, questions remain about the Detroit Lions offensive line starters.
Andrew Benintendi had two hits, including the go-ahead single in the seventh inning, and the Chicago White Sox defeated the Detroit Tigers for the second straight day, 4-3.
Miguel Vargas homered twice, Tristan Peters and Munetaka Murakami went deep once each, and the Chicago White Sox beat the Detroit Tigers 9-5.
Golf can feel largely out of reach, but one Detroit nonprofit is trying to change that, one swing at a time.
Joe Flacco threw a touchdown pass in relief of Joe Burrow, Evan McPherson kicked three field goals and the Cincinnati Bengals beat the Detroit Lions 16-14 in the preseason opener for both teams.
Rachel Stewart previews the upcoming America's Thanksgiving Parade presented by Gardner White, which will celebrate its 100th anniversary in 2026.
The eyes of the nation were on Michigan as its critical 2026 primary was held last Tuesday.
As the nation turns its attention to Michigan's critical Aug. 4 primary, the Michigan Matters roundtable weighs in.
Perry Johnson discussed not receiving President Trump's endorsement and the reasons he believes John James did.
The conversation turns to rising auto insurance rates across Michigan and new legislative bills in Lansing that would help stem the tide.
The Detroit Lions were back on the field in Allen Park on Saturday, the first time since the team's 16-14 preseason loss to the Cincinnati Bengals. Lions head coach Dan Campbell says the preseason is a time to clean up errors and learn from mistakes.
Chances for showers and storms continue tonight and tomorrow. NEXT Weather Meteorologist Karen Carter tells us who's most likely to see the wet weather.
Tensions remain high in the Middle East, with the United Arab Emirates accusing Iran of launching a strike Friday night on one of its oil tankers in the Strait of Hormuz. Aaron Navarro reports.
For over 30 years, the Woodward Dream Cruise has been the place to be for car lovers. The 16-mile joyride stretches from Pontiac to Ferndale. Veronica Ortega spoke with two participants who enjoy seeing how spectators respond to the vehicles.
The Redford Township Fire Department fire chief says three people are dead after a blaze at an adult foster care facility early Saturday.