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  • *NHTSA sets Dec. 1 deadline for Takata documents. DETROIT, Oct 30- U.S. auto safety regulators on Thursday ordered Japanese supplier Takata Corp to provide documents and answer questions under oath related to the government's ongoing probe of potentially defective Takata air bags in millions of U.S. vehicles. Takata spokesman Alby Berman said on Thursday the...

  • DETROIT, Oct 30- U.S. auto safety regulators on Thursday ordered Japanese supplier Takata Corp to provide documents and answer questions under oath related to the government's ongoing probe of potentially defective Takata air bags in millions of U.S. vehicles. Takata spokesman Alby Berman on Thursday said the company "is cooperating fully with NHTSA and is...

  • US turns up heat on Takata over air bag problem Thursday, 30 Oct 2014 | 1:39 PM ET

    DETROIT— U.S. safety regulators are ordering Japanese auto supplier Takata Corp. to provide more information about air bags that can explode and shoot shrapnel toward drivers and passengers. The National Highway Traffic Safety Administration also wants to know how many replacement parts Takata can make each day and what it has discussed with automakers...

  • UPDATE 2-BorgWarner lowers earnings outlook, shares fall Thursday, 30 Oct 2014 | 10:37 AM ET

    DETROIT, Oct 30- BorgWarner Inc, shares fell on Thursday morning after the maker of automotive turbochargers and emission systems lowered its full-year 2014 profit outlook, due to weakening currencies. Shares fell as much as 7 percent after BorgWarner changed its forecast when it posted third-quarter earnings that were roughly in line with analysts'...

  • Judge approves California city's bankruptcy plan Thursday, 30 Oct 2014 | 3:46 AM ET

    SACRAMENTO, Calif.— A judge on Thursday approved a plan that allows Stockton to leave bankruptcy protection by eliminating more than $2 billion in long-term debt payments without touching the city's pension obligations. Bankruptcy Judge Christopher Klein marked an end to Stockton's Chapter 9 status, first sought in 2012.. "This plan, I'm persuaded, is the best...

  • Museum officially purchases Rosie's old plant Thursday, 30 Oct 2014 | 1:58 AM ET

    Yankee Air Museum board chairman Ray Hunter signed papers Thursday making the aviation museum the owner of a 144,000- square-foot slice of the former Willow Run Bomber Plant, where Rose Will Monroe and other workers built B-24 Liberator bombers during World War II. The signing ceremony represented the culmination of efforts to raise the $8 million needed to...

  • LOS ANGELES, Oct 30- A push to reform Phoenix's retirement system has become the latest front in a battle between union-backed groups and a Texas hedge fund billionaire over the future of America's public pensions. Hundreds of thousands of dollars, much of it anonymous out-of-state money, has been flowing to backers of a November 4 ballot initiative in Phoenix...

  • WASHINGTON, Oct 29- U.S. safety regulators do not expect Japanese auto parts maker Takata Corp to be able to fully supply replacement parts for millions of defective air bags until after February, and urged Takata and the automakers it supplies to seek additional parts from other companies. Takata must boost production and even tap competitors to address...

  • NEW YORK/ DETROIT/ WASHINGTON, Oct 29- U.S. automotive safety officials said some replacement parts for millions of potentially defective air bags may not be available until February, and they scheduled a meeting Thursday with Takata Corp, the Japanese parts supplier. In documents released on Wednesday, the National Highway Traffic Safety Administration said...

  • Gov't pushes air bag maker on replacement parts Wednesday, 29 Oct 2014 | 4:35 PM ET

    The National Highway Traffic Safety Administration sent letters Wednesday to Japanese air bag maker Takata Corp. and 10 automakers seeking information in a widening air bag recall that now covers almost 8 million U.S. vehicles. The vehicles are equipped with Takata air bags that can potentially inflate with too much force, blowing apart metal canisters and...

  • Ally's 3Q profit up on auto lending Wednesday, 29 Oct 2014 | 1:39 PM ET

    NEW YORK— Ally Financial Inc. reported Wednesday that its third-quarter net income jumped sharply on gains in its automotive lending business. The company, based in Detroit, is the former finance arm of automaker General Motors, but now operates as a standalone auto finance company and bank after a major bailout by the government during the financial crisis.

  • GM to invest $63 million in Lansing-area car plant Wednesday, 29 Oct 2014 | 1:36 PM ET

    DELTA TOWNSHIP, Mich.— General Motors Co. will invest $63 million as part of an expansion at a mid- Michigan plant where crossover vehicles are being built, the automaker announced Wednesday. GM's Lansing Delta Township Assembly in Eaton County will get about 263,000 square feet of new space and robotic equipment. The project is part of $300 million Chief...

  • DETROIT, Oct 29- Ford Motor Co said it will conduct a regional recall of 204,448 Ford Edge and Lincoln MKX crossover vehicles to correct an issue that could cause a fire. The 2007-2008 models have fuel tank reinforcement brackets that could become corroded, which in turn could result in a fuel leak and a possible fire, Ford said Wednesday. The vehicles are being...

  • Fiat Chrysler returns to Q3 profit Wednesday, 29 Oct 2014 | 9:28 AM ET

    MILAN— Fiat Chrysler Automobiles returned to a profit in the third quarter thanks to a good performance by its luxury brands and gains in North America and Asia. Fiat Chrysler Automobiles on Wednesday reported a net profit of 174 million euros for the three months ending Sept. 30. Luxury brand sales increased 35 percent, North America saw a 20 percent gain and Asia...

  • Chrysler recalling 381,876 Ram trucks for fire hazard Wednesday, 29 Oct 2014 | 8:54 AM ET

    DETROIT, Oct 29- Fiat Chrysler Automobiles NV's Chrysler Group said on Wednesday it is recalling 381,876 Ram trucks mostly in the United States to correct a potential fire hazard. Chrysler said in a statement that problems with 2010-2014 Ram 2500 and 3500 pickups and 4500 and 5500 chassis cabs equipped with Cummins diesel engines could cause fuel-heater...

  • Chrysler recalls over 566,000 trucks, SUVs Wednesday, 29 Oct 2014 | 8:23 AM ET

    DETROIT— Fiat Chrysler is recalling more than 566,000 trucks and SUVs in two recalls to fix malfunctioning fuel heaters that can cause fires and a software glitch that can disable the electronic stability control. The recalls bring the newly merged company's total for the year to 6.4 million vehicles worldwide and 5.1 million in the U.S. as it continues to...

  • AutoNation halts sales of cars in air bag recalls Tuesday, 28 Oct 2014 | 3:08 PM ET

    The recalls are giving the auto industry a black eye because they are "confusing and incoherent," AutoNation CEO Mike Jackson said Tuesday in an interview. Dozens of models made by BMW, Chrysler, Ford, General Motors, Mazda, Honda, Mitsubishi, Nissan, Subaru and Toyota dating to the 2001 model year are covered by the recalls. AutoNation, a 277- franchise chain that's in...

  • Electric-car drivers trading gas for solar power Tuesday, 28 Oct 2014 | 10:30 AM ET

    DETROIT— Owners of electric vehicles have already gone gas-free. A Ford Fusion Energi plug-in sedan, for example, is $7,200 more than an equivalent gas-powered Fusion even after a $4,007 federal tax credit. "We think it was one of the best things in the world to do," says Kevin Tofel, who bought a Chevrolet Volt in 2012 to soak up the excess power from his home...

  • Fiat Chrysler replaces longtime quality chief Tuesday, 28 Oct 2014 | 9:21 AM ET

    DETROIT— Doug Betts, Fiat Chrysler's longtime quality chief, abruptly left the company Tuesday, one day after its brands performed poorly in Consumer Reports magazine's annual reliability rankings. He was immediately replaced by Mark Chernoby, who will head quality for the global company, and Matthew Liddane, who will lead Chrysler Group quality in North...

  • Detroit reaches deal on vacant schools, empty lots Tuesday, 28 Oct 2014 | 9:01 AM ET

    DETROIT— Bankrupt Detroit and its public schools announced a deal Tuesday that will swap $11.6 million in district debt for 57 vacant school buildings and 20 empty lots. The agreement comes as Detroit continues to step up efforts to deal with thousands of abandoned houses and vacant commercial structures across the 139- square mile city.