FRANKFURT, June 7- German legislators voted in tax incentives for drivers of zero-emission corporate cars on Friday, cheering an industry so far disappointed by the country's flagging electric car market. The private use of a company car is treated as taxable income in Germany and measured at a flat monthly rate of 1 percent of the vehicle's gross list price.
Sergio Rocha, the head of GM Korea, told the union the automaker had decided to make the new Aveo in China and the United States, and South Korea could produce the model two years after its launch, the union said in a statement.
WASHINGTON, June 5- The U.S. Treasury Department on Wednesday announced plans to sell 30 million shares of General Motors Co common stock as part of its ongoing effort to wind down the government's stake in the bailed-out automaker.
WASHINGTON, June 5- The U.S. Treasury Department on Wednesday said it will begin another round of sales of the General Motors Co stock it acquired during the government's bailout of the U.S. auto sector.
*Audi says amount of glue used in its cars to rise 50 pct. BERLIN/ FRANKFURT, June 5- From Pritt stick in school bags to Audi sports cars, adhesives have come a long way since natural gums and resins, and new high-tech variations are currently top of the list for carmakers as they seek ways to make cars lighter and tougher.
*Audi says amount of glue used in its cars to rise 50 pct. BERLIN/ FRANKFURT, June 5- From Pritt stick in school bags to Audi sports cars, adhesives have come a long way since natural gums and resins, and new high-tech variations are currently top of the list for carmakers as they seek ways to make cars lighter and tougher.
DETROIT, June 4- Chrysler Group LLC, in a rare move, is resisting a push by U.S. regulators to recall 2.7 million older model Jeep vehicles, saying on Tuesday that the request is based on an "incomplete analysis of the underlying data."
No reason has been given yet for the departure of founder and executive chairman George Zimmer, reports CNBC's Courtney Reagan. Zimmer has long been the face of the company.
Wednesday, 19 Jun 2013 | 10:52 AM ETCNBC's Rick Santelli, explains why he hears 'crickets" when he asks questions about Fed Chairman Bernanke's policies. "Enough is enough," he rants.
Wednesday, 19 Jun 2013 | 11:36 AM ETAre reporters lobbing "softball" questions at the Fed chairman? CNBC's Rick Santelli and the Wall Street Journal's Jon Hilsenrath, debate whether the economy continues to need quantitative easing. I'm trying to inform the public about what the Fed is up to, says Hilsenrath.