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  • DETROIT— U.S. auto safety regulators have rejected a request from an advocacy group to investigate power system failures in almost 5 million Fiat Chrysler vehicles that potentially could cause stalling and other problems. The National Highway Traffic Safety Administration said in documents posted Tuesday that two fuel pump relay recalls took care of...

  • DETROIT— A Georgia judge has cut the damages that Fiat Chrysler must pay the family of a child who died in a Jeep SUV fire from $150 million to $40 million. In a ruling issued Friday and made public Tuesday, Chason decided that the family of 4- year-old Remington Walden should get $30 million for his death and $10 million for pain and suffering. A 12- person jury found...

  • DETROIT— The National Wildlife Federation accused the U.S. Transportation Department on Tuesday of not enforcing a federal law that requires pipeline owners and operators to establish safety response plans for worst-case oil spills in lakes, rivers and other waterways. While the pipelines that spurred the group's action are two side-by-side conduits...

  • DETROIT— Ally Financial Inc. on Tuesday reported second-quarter profit of $182 million. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 44 cents per share. Ally Financial shares have decreased roughly 9 percent since the beginning of the year.

  • Sales were robust in Europe and North America but fell in China, usually a strong market for the company. Detroit- based General Motors Corp., the top-selling automaker for more than seven decades until being surpassed by Toyota in 2008, finished third at 4.86 million, down 1.2 percent from a year ago. In the first half, Toyota's sales grew in U.S., Mexico and China.

  • That beats the old record of $70 million assessed against Honda Motor Co. for lapses in reporting deaths and injuries to safety regulators. FCA's fine includes $70 million in penalties, at least $20 million to meet performance requirements and $15 million if an independent recall monitor finds any further violations. Fiat Chrysler shares traded in the New...

  • TOKYO, July 27- The president of Mitsubishi Motors Corp said Japan, Southeast Asia and Russia will become the automaker's principal production hubs after it quits making cars in the United States later this year because of dwindling sales there. "Japan, ASEAN, and Russia will be the main points of production for our company," said Tetsuro Aikawa, president and chief...

  • DETROIT— Fiat Chrysler must offer to buy back from customers more than 500,000 Ram pickup trucks and other vehicles in the biggest such action in U.S. history as part of a costly deal with safety regulators to settle legal problems in about two dozen recalls. The Italian-American automaker also faces a record civil fine of up to $105 million.

  • DETROIT— Fiat Chrysler must offer to buy back from customers more than 500,000 Ram pickup trucks and other vehicles in the biggest such action in U.S. history as part of a costly deal with safety regulators to settle legal problems in about two dozen recalls. The Italian-American automaker also faces a record civil fine of up to $105 million.

  • AP Source: US to hit Fiat Chrysler with record $105M fine Saturday, 25 Jul 2015 | 11:32 PM ET

    DETROIT— The U.S. government will hit Fiat Chrysler with a record $105 million fine next week for violating laws in a series of vehicle safety recalls, a person briefed on the matter said. The National Highway Traffic Safety Administration will reveal the fine on Monday. The fine beats the old record of $70 million assessed against Honda Motor Co. for lapses in...

  • DETROIT/ SAN FRANCISCO, July 24- Fiat Chrysler will recall 1.4 million vehicles in the United States to install software to prevent hackers from gaining remote control of the engine, steering and other systems in what federal officials said was the first such action of its kind. The announcement on Friday by FCA US LLC, formerly Chrysler Group LLC, was made after...

  • Normal Mayor Chris Koos on Friday said the plant is scheduled to close later this year and that Mitsubishi would work with the local community to find a new owner. In a statement, Mitsubishi said its board will seek a buyer to keep the factory running and preserve jobs. Mitsubishi said it will continue to sell vehicles in the United States.

  • UPDATE 1-Michigan's rating raised to Aa1 by Moody's Friday, 24 Jul 2015 | 3:06 PM ET

    July 24- Moody's Investors Service on Friday upgraded Michigan's general obligation bond rating by one notch to Aa1 with a stable outlook from Aa2, citing a robustly growing economy and an improvement in the state's financial position. The credit rating agency said the higher rating also reflects Michigan's role in helping financially struggling local...

  • DETROIT, July 24- Fiat Chrysler will recall 1.4 million vehicles in the United States to install software to prevent hackers from gaining remote control of the engine, steering and other systems in what federal officials said was the first such action of its kind. The announcement on Friday by FCA US LLC, formerly Chrysler Group LLC, was made after cybersecurity...

  • In a statement, Mitsubishi said its board will seek a buyer to keep the factory running and preserve jobs. Mitsubishi said it will continue to sell vehicles in the United States. The Normal plant, about 140 miles southwest of Chicago, opened in 1988 as a joint venture between Mitsubishi and its then-partner, Chrysler.

  • Fiat Chrysler recalls 1.4M vehicles to prevent hacking Friday, 24 Jul 2015 | 11:23 AM ET

    DETROIT— Fiat Chrysler has decided to recall about 1.4 million cars and trucks in the U.S. just days after two hackers revealed that they took control of a Jeep Cherokee SUV over the Internet. The National Highway Traffic Safety Administration said it would find out which other automakers use the same radios. "I think it's a pretty big deal," said James Carder, chief...

  • DTE Energy misses 2Q profit forecasts Friday, 24 Jul 2015 | 7:24 AM ET

    DETROIT _ DTE Energy Co. on Friday reported second-quarter profit of $109 million. DTE Energy expects full-year earnings in the range of $4.54 to $4.90 per share. DTE Energy shares have decreased 12 percent since the beginning of the year, while the Standard& Poor's 500 index has risen 2 percent.

  • NORMAL, Ill.— Mitsubishi Motors confirmed Friday that it plans to stop production at its only U.S. factory and sell the plant in central Illinois that has which has more than 1,200 workers. Irvin said Mitsubishi's board will soon make a formal decision on what will happen to the plant in Normal, Illinois, about 100 miles southwest of Chicago. Japan's leading...

  • *Mitsubishi Motors says no decision on US production. TOKYO/ DETROIT, July 24- Mitsubishi Motors Corp, faced with declining demand in the United States and an expiring union contract at its only plant in North America, is considering ending U.S. auto production, two people familiar with the matter said. The Nikkei business daily, which first reported the plan on...

  • NEW YORK— Here we go again. One worry after another has hit the municipal bond market in recent years, from a high-profile 2010 prediction for a wave of defaults to Detroit's 2013 bankruptcy filing, the largest in U.S. history. The latest concern is actually an old one: The governor of Puerto Rico said last month that the island, whose economy and population have been...