Detroit may be moving to resolve its pension crisis, but New Jersey's pension problems are just heating up.» Read More
DETROIT— The government and General Motors are warning vehicle owners that GM's recall Web site may not be listing all the cars that need recall repairs.
WASHINGTON— A sixth straight month of solid 200,000- plus job growth in July reinforced growing evidence that the U.S. economy is accelerating after five years of sluggish expansion. WASHINGTON— U.S. consumer spending rose at the fastest pace in three months in June, providing momentum for the economy going into the second half of the year.
Business News at 5 p.m.. The supervisor is Richard Jacobsen. —Updates: ITALY- FIAT-CHRYSLER, SALMONELLA OUTBREAK-TRIAL, YAHOO-LIVE NATION-CONCERTS, ALLERGEN-VALEANT LAWSUIT, FINANCIAL MARKETS, AUTO SALES.
DETROIT— General Motors says its U.S. sales rose 9.4 percent last month, making it the best July since 2007.. The increase was led by redesigned truck-based SUVs and came despite GM's recall crisis that began in February. Sales of the redesigned Cadillac Escalade SUV more than doubled while Chevrolet Tahoe sales rose 52 percent.
Toyota, Ford, Nissan and Chrysler all saw double-digit sales gains. Of major automakers, only Honda and Volkswagen saw declines. Toprak said Ford, Toyota, Volkswagen and Hyundai were the most generous; GM and Honda spent less.
DETROIT— Hyundai is recalling more than 419,000 cars and SUVs to fix suspension, brake and oil leak problems. States affected are Connecticut, Delaware, Illinois, Indiana, Iowa, Maine, Maryland, Massachusetts, Michigan, Minnesota, Missouri, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Rhode Island, Vermont, West Virginia and Wisconsin.
DETROIT— Ford's U.S. sales jumped 10 percent in July on strong demand for its SUVs. The company reported total July sales of 212,236, making it Ford's best July in eight years. Ford's Lincoln luxury brand was up 14 percent as its new small SUV, the MKC, arrived at dealerships.
DETROIT— Ignition switch problems that have plagued General Motors and Chrysler have now turned up in the motorcycle business. Harley-Davidson is recalling more than 4,500 FXDL Dyna Low Rider bikes worldwide because engine vibration can turn the switches from "on" to "accessory."
Aug 1- South Korea's Hyundai Motor Co is recalling about 420,000 vehicles covering three models for separate problems in the United States, after recalling 883,000 Sonata sedans this week, according to U.S. safety regulators.
As General Motors tackles a safety crisis, a look its numbers from June show just how intent the company is on keeping new-car sales on the rise during a record spate of safety recalls. The Detroit automaker has recalled nearly 30 million cars and trucks this year, including some models that had barely rolled off the assembly line.
DETROIT, Aug 1- The U.S. auto industry hasn't appeared so healthy for years. And yet, a minority on Wall Street and in the autos business are seeing reasons to be wary. Among those seeing a glass half empty is Morgan Stanley auto analyst Adam Jonas who says we may be heading towards what he terms "peak auto."
DETROIT, July 31- Tesla Motors Inc, the California- based maker of luxury electric cars, said it lost $61.9 million, or 50 cents a share, in the second quarter, as revenue nearly doubled to $769.3 million. In the year-ago quarter, Tesla lost $30.5 million, or 26 cents a share, on revenue of $405.1 million.
RENO, Nev.— Electric car maker Tesla Motors said Thursday that it is preparing a site near Reno, Nevada, as a possible location for its new battery factory, but is still evaluating other sites. Tesla said it broke ground on the Nevada site in June. California, New Mexico, Arizona and Texas are also in the running.
DETROIT, July 31- Tesla Motors Inc, the California- based maker of luxury electric cars, said it lost $61.9 million, or 50 cents a share, in the second quarter, as revenue nearly doubled to $769.3 million. On a non-GAAP basis, Tesla said it earned 11 cents a share, topping analysts' expectations of 4 cents.
DETROIT, July 31- Delphi Automotive Plc reported stronger-than-expected second-quarter profit on Thursday, but offered a forecast for the third quarter that could fall short of analysts' expectations, and shares fell 0.4 percent in morning trading.
July 30- A federal appeals court panel heard arguments on Wednesday between Detroit and one of its last hold-out creditors over casino tax revenue, with one of the judges promising a careful consideration of the case, the Detroit News reported.
DETROIT— Chrysler is recalling just under 30,000 Fiat 500 L small cars in the U.S. and Canada to fix a problem with air bags that protect knees in a crash. The company says in a statement Wednesday that the bags may not inflate in the proper position if the driver isn't wearing a seat belt.
*Results hit by weak Latin America, disappointing N. America. MILAN, July 30- Fiat plans to review its leasing and sales incentive practices in North America to boost margins in the region as it seeks to meet its global full-year targets despite persistent weakness in Latin America and further losses in Europe.
DETROIT— A Texas lawyer has filed a lawsuit against General Motors on behalf of 658 people who were injured or killed in crashes allegedly caused by faulty ignition switches. The lawsuit filed Tuesday in U.S. District Court in Manhattan in New York City names 29 people who were killed in crashes and 629 who were hurt.
But that's not all: With the addition of an impressive diesel V-6 from Jeep's parent, Fiat of Italy, the 2014 Grand Cherokee 4 X2 now boasts a federal government travel range of 615 miles on a single tank of fuel, the best ever for a Grand Cherokee.