Several states and municipalities are issuing bonds as they struggle with ballooning pension costs, the New York Times reports.» Read More
Oct 10- Former General Motors Co Vice Chairman Robert Lutz has joined the board of a steel materials design company in which the U.S. automaker has invested, NanoSteel Co Inc said on Wednesday. Prior to GM, Lutz was president of Chrysler Corp, which is now controlled by Fiat, and he held executive positions with Ford Motor Co and BMW.
White is the most popular color for the second year in a row after overtaking silver in 2011. The annual rankings are compiled by automotive paint supplier PPG Industries Inc., a Pittsburgh- based company that provides paints to General Motors Co., Ford Motor Co., BMW AG and others. By comparison, 19 percent of midsize cars made in North America are white.
SEATTLE-- A Michigan woman dying of leukemia says she hopes her embarrassment during a Seattle airport security pat-down might change the way the Transportation Security Administration treats travelers with medical conditions. Dunaj, 34, was making what she expects will be the last trip of her life on Oct. 2 as she traveled through Seattle en route to Hawaii.
SEATTLE-- A Michigan woman dying of leukemia hopes her embarrassing experience at a Seattle airport changes the way the Transportation Security Administration treats travelers with medical conditions. Michelle Dunaj, 34, was making what she expects will be the last trip of her life on Oct. 2 as she departed for Hawaii.
DETROIT-- Days after taking his wife off life support, George Cary got a phone call that confirmed his suspicions: Her meningitis-related death was linked to tainted steroid injections at a Michigan clinic that had regularly treated her back pain.
SACRAMENTO, Calif.-- A ballot initiative funded by a billionaire hedge fund manager is asking California voters to do what Gov. Opponents argue that repealing the tax break given three years ago would make California less friendly to multistate corporations and threaten existing jobs.
NEW YORK-- As many as 13,000 people received steroid shots suspected in a national meningitis outbreak, health officials said Monday. Those injected in joints are not believed to be at risk for fungal meningitis, said Curtis Allen, a spokesman for the Centers for Disease Control and Prevention.
DETROIT-- General Motors has picked its top Washington lobbyist to lead the Cadillac brand worldwide. The company named Robert Ferguson on Tuesday to the new position of vice president of global Cadillac. Ferguson's lobbying duties will be assumed by Vice President of Communications Selim Bingol, who also will keep his current post in Detroit.
Oct 9- General Motors Co has created the new position of global brand chief for Cadillac as the U.S. automaker looks to broaden global demand for the luxury line of vehicles.
COLUMBUS, Ohio, Oct 8- Sergio Marchionne, chief executive of both Fiat SpA and Chrysler Group LLC, will revise 2- year growth plans for both automakers later this month to reflect the slump in European auto sales since 2009.. To assume that the 2010 data that was put out in Europe is going to be confirmed is nonsense. "
DETROIT, Oct 8- Fiat SpA:. *Chrysler CEO marchionne says will provide update to 2013-2014 business plan. *Chrysler CEO says updated forecast needed to reflect mounting Europe problems.
BIG CHANGE: General Motors is setting up four technology innovation centers in the U.S. and plans to hire 10,000 computer specialists over the next three-to-five years. THE NEWS: GM announced on Monday that one of the centers would be in the Detroit suburb of Warren, Mich., on the site of its Technical Center.
The company has announced the sites of the first two centers, in Austin, Texas, and suburban Detroit, but it won't comment on the other two. AUSTIN, Texas: GM picked the home of the University of Texas because of its rich base of high-tech workers.
General Motors is moving past layoffs and the Motor City's rusty, low-tech image. "The companies that build the software themselves in general are going to have an advantage," says David Kirkpatrick, author of a book about Facebook and CEO of Techonomy Media Inc., a New York firm that specializes in setting up technology conferences. "
DETROIT, Oct 8- Chrysler will introduce on Friday a new set of television commercials to promote the rollout of its redesigned primary pickup truck, the Ram Truck 1500, which appears at U.S. dealerships this month.
DETROIT-- General Motors plans to hire up to 1,500 workers to staff a new computer technology center outside Detroit. Last month the company announced it would hire 500 people for a center in Austin, Texas. But spokeswoman Julie Huston-Rough said most carmakers strike a balance between doing computer work in the company and hiring outside firms.
Oct 8- General Motors Co said on Monday it will create 1,500 jobs at a new software development center in Michigan as part of the U.S. automaker's previously announced plan to shift information technology work back into the company.
Oct 8- Chrysler Group LLC is recalling more than 44,000 pickup trucks in the United States because a rear-axle pinion nut could loosen and cause loss of vehicle control.
*GM to decide soon on Opel cost cuts, alliance with PSA. *Opel says aims to source more parts from PSA, not GM. GM fully stands behind Opel, "GM Vice Chairman Stephen Girsky said in a statement sent by email.
DETROIT-- U.S. safety regulators are investigating complaints that Honda Odyssey minivans and Pilot SUVs can roll away after drivers remove the ignition key. The probe by the National Highway Traffic Safety Administration affects more than 577,000 older-model vehicles, which were big sellers with families because of their space and reputation for quality.