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  • DETROIT, March 6- Fiat Chrysler Automobiles Chief Executive Sergio Marchionne received 6.6 million euros in pay and incentives last year, up 83 percent from 2013.. Marchionne received a salary of 2.5 million euros, incentives of 4 million euros plus other compensation to bring his total pay package to about 6.6 million euros, FCA said in a filing with U.S....

  • DETROIT— Hyundai is recalling more than 26,000 Genesis luxury cars in the U.S. and Canada to fix a water leak that can cause the transmission gear shifter to malfunction. Hyundai says in government documents that the incorrect gear can increase the risk of the cars moving unexpectedly and causing a crash. Hyundai will notify owners starting in April.

  • Nissan recalls more Altimas for hood latch problem Friday, 6 Mar 2015 | 8:19 AM ET

    DETROIT— Nissan is recalling 640,000 more cars in the U.S. and Canada to fix a growing problem with faulty latches that can allow hoods to fly open while cars are being driven. The latest recall covers Altima midsize sedans from the 2013 through 2015 model years, bringing the total number of Nissan and Infiniti vehicles recalled for the problem to nearly 1.1...

  • LONDON, March 6- It's over two years since Charles Li, chief executive of Hong Kong Exchanges and Clearing, threatened to use a "bazooka" on the long load-out queues at his new purchase, the London Metal Exchange. And that's about the time it still takes to get aluminium out of Detroit or Vlissingen, the two LME locations with embedded queues. The waiting time at Detroit...

  • WASHINGTON, March 5- U.S. auto safety regulators are considering unprecedented steps to speed up the replacement of potentially deadly Takata Corp air bags in millions of cars that remain on American roads despite massive recalls initiated by automakers. Rosekind, a former member of the National Transportation Safety Board, which investigates major...

  • Wisconsin close to becoming 25th right-to-work state Thursday, 5 Mar 2015 | 1:13 AM ET

    MADISON, Wis.— With Wisconsin positioned to become the third Midwestern state in as many years to enact a right-to-work law, proponents are touting job growth in Indiana as reason for optimism while detractors say union membership slides in Michigan signal potential problems. Following in the footsteps of Indiana and Michigan, the two most recent states to...

  • NEW YORK, March 4- A U.S. judge has dismissed antitrust litigation accusing a variety of Wall Street banks and commodity merchants of conspiring to drive up aluminum prices by reducing supply. District Judge Katherine Forrest in Manhattan rejected claims brought by aluminum purchasers against several defendants including Goldman Sachs Group Inc, JPMorgan...

  • NEW YORK, March 4- A U.S. judge dismissed antitrust litigation accusing the parent of the London Metal Exchange, the large mining company Glencore Plc and two other foreign defendants of being part of a conspiracy among Wall Street banks and commodity merchants to drive up aluminum prices by reducing supply. District Judge Katherine Forrest in Manhattan ruled...

  • DETROIT— Toyota has announced sweeping management changes that consolidate power with North American CEO Jim Lentz and promote some U.S. executives to senior posts in Japan. Toyota also promoted North American communications chief Julie Hamp to chief communications officer for the entire company. And it named Chris Reynolds a managing officer and chief...

  • 5 stunners from the Geneva car show Wednesday, 4 Mar 2015 | 7:07 AM ET

    GENEVA— Forget driverless cars, electric power or even green technology. There is no doubt what visitors are coming to see at the glamorous Geneva motor show: supercars. "There are an awful lot of fast cars and supercars on display this year," said Jim Holder, editor-in-chief of Autocar magazine.

  • DETROIT— The U.S. government's highway safety agency has closed an investigation into reports of Michelin truck tire failures without seeking a recall. The National Highway Traffic Safety Administration began investigating the 2014 model of Michelin's 22.5- inch diameter XZA tires in October after getting six complaints and a police report about seven...

  • General Motors, Honda lead all automakers in recalls Tuesday, 3 Mar 2015 | 2:53 PM ET

    DETROIT— General Motors Co. and Honda Motor Co. topped the U.S. government's list of automakers with the most recalled vehicles last year. Widening problems with air bag inflators made by Japan's Takata Corp. pushed Honda into second place with 18 recalls totaling just over 9 million vehicles. More than half of Honda's recalled vehicles— 5.4 million— were due to...

  • Eleven analysts surveyed by Thomson Reuters had expected a year-to-year gain of 7.1 percent. The 48 economists polled by Thomson Reuters, on average, predicted annualized sales in February of 16.7 million vehicles. "There was definitely a slowdown" in sales after February 20, "said Mark LaNeve, Ford Motor Co's U.S. sales vice president.

  • US adds 2 models to probe of Ford door latches Tuesday, 3 Mar 2015 | 12:13 PM ET

    DETROIT— U.S. safety regulators are adding two models to an investigation of Ford Motor Co. door latches that may not close properly. The National Highway Traffic Safety Administration said Tuesday it's including the 2013 Ford Fusion and Lincoln MKZ midsize cars to the probe of latches on 2011-2013 Ford Fiesta compact cars. The investigation now covers...

  • DETROIT— U.S. safety regulators are investigating reports of steering problems that could affect up to 1,500 Pierce fire trucks nationwide. The National Highway Traffic Safety Administration says the probe covers trucks made since the 2004 model year. Also, the agency cited media reports of wheels falling off trucks three times the Baltimore area.

  • Freezing temperatures, disruptions at West Coast ports and rising gas prices took a bite out of U.S. auto sales last month. Toyota and Subaru reported double-digit sales increases over last February, and Hyundai surprised with sales up 7 percent. Chrysler, General Motors, Honda and Nissan all saw gains of 6 percent or less.

  • DETROIT, March 2- General Motors Co wants to boost the U.S. market share for its GMC truck brand by two-thirds over the next decade by advertising more heavily and introducing new vehicles, a top executive said on Monday. To help with its goal to boost its share to 5 percent from about 3 percent now, it is almost doubling spending on the brand in that time frame,...

  • DETROIT, March 2- Berkshire Hathaway Chief Executive Warren Buffett, one of the largest shareholders in General Motors Co, said on Monday he would be wary of putting former U.S. autos task force member Harry Wilson or anyone else on the company's board if the focus was on the short-term performance of the automaker. In a statement to CNBC, Wilson said he is not a...

  • DETROIT, March 2- Warren Buffett, Berkshire Hathaway's billionaire chief executive and one of the largest shareholders in General Motors Co, told CNBC on Monday he disagrees with putting former U.S. auto task force member Harry Wilson on the automaker's board. Berkshire Hathaway owned 2.55 percent of GM's shares at the end of last year, according to documents...

  • DETROIT— When Alison Norris couldn't find work in Detroit, she searched past the city limits, ending up with a part-time restaurant job that's 20 miles away but takes at least two hours to get to via separate city and suburban bus systems. For many city residents with limited skills and education, Detroit is an employment desert, having lost tens of thousands of...