Detroit may be moving to resolve its pension crisis, but New Jersey's pension problems are just heating up.» Read More
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.
2014 Jeep Grand Cherokee Summit EcoDiesel 4 X4. BASE PRICE: $29,495 for Laredo 4 X2; $31,095 for Laredo E 4 X2; $31,495 for Laredo 4 X4; $33,095 for Laredo E 4 X4; $35,590 for Altitude 4 X2; $36,495 for Limited 4 X2; $37,590 for Altitude 4 X4; $38,495 for Limited 4 X4; $43,195 for Overland 4 X2; $46,195 for Overland 4 X4; $48,195 for Summit 4 X2; $51,195 for Summit 4 X4.
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.
DETROIT, July 30- South Korean automaker Hyundai Motor Co will recall about 883,000 Sonata mid-sized sedans in the United States and Puerto Rico because a potentially defective transmission-shift cable could increase the risk of a crash.
MILAN— Italian carmaker Fiat SpA, which controls Chrysler, on Wednesday said second-quarter profits dropped by more than a half due to lower performance in North and Latin America. Fiat, whose shareholders vote Friday on the merger with Chrysler, said net profit was 197 million euros, compared with 435 million euros in the same period last year.
DETROIT— Hyundai is recalling its popular Sonata midsize sedan to fix problems with the gear shift levers.
DETROIT, July 30- South Korean automaker Hyundai Motor Co will recall about 883,000 Sonata mid-sized sedans in the United States and Puerto Rico because a potentially defective transmission-shift cable could increase the risk of a crash. Hyundai officials could not immediately be reached for comment.
DETROIT— The four-door Mini Cooper Countryman was the only one of 12 cars to earn a top rating of "good" in new frontal crash tests. The Nissan Leaf, Nissan Juke, Fiat 500 L and Mazda5 wagon all fared worst in the tests performed by the Insurance Institute for Highway Safety, an Arlington, Va.- based safety group that's funded by insurers.
DETROIT— A trial to determine if Detroit gets out of bankruptcy has been delayed by a week to Aug. 21. The trial was first scheduled for July, a year after Detroit filed for protection under Chapter 9.. Detroit's plan to erase or greatly reduce $18 billion in debt has been approved by many creditors, including thousands of retirees.
July 29- Detroit has been making progress in settling disputes with its public safety unions, a development that has put the brakes on several appeals in federal court of a ruling that the city was eligible for municipal bankruptcy, attorneys said on Tuesday.
DETROIT— Ally Financial Inc. on Tuesday reported a second-quarter profit after posting a loss in the same period a year ago as more people deposited money into its bank and demand for auto loans increased.
DETROIT— Control of Detroit's massive municipal water department, which has been widely criticized by the United Nations and others for widespread service shutoffs to thousands of customers, has been returned to the mayor's office.
The recall covers the Verona from the 2004-2006 model years. All the cars were made by General Motors in Korea. Suzuki says there were no fires reported in Verona models.
DETROIT, July 29- Auto systems supplier TRW Automotive Holdings Corp, targeted for takeover by ZF Friedrichshafen, easily beat Wall Street profit expectations for the second quarter as revenue rose 2 percent. Excluding one-time items, TRW earned $2.32 per share in the quarter, versus $2.02 a year earlier, it said on Tuesday.
LONDON, July 29- On the surface at least, much has changed in the London Metal Exchange warehousing business over the past year. The exchange has much more work to do if it wants to rectify a delivery system that has ruptured relations with some of its users and generated a spate of lawsuits in the United States.
DETROIT, July 29- Auto systems supplier TRW Automotive Holdings Corp, targeted for takeover by ZF Friedrichshafen, easily beat Wall Street profit expectations for the second quarter on Tuesday as revenue rose 2 percent. Excluding one-time items, TRW earned $2.32 per share in the quarter, versus $2.02 a year earlier.
The agency is holding hearings this week in Atlanta, Denver, Pittsburgh and Washington on President Barack Obama's plan to cut carbon-dioxide emissions by 30 percent by 2030, with 2005 levels as the starting point. John Kinkaid, a Moffat County, Colorado, commissioner, told the EPA in Denver that the rules would devastate his area, home to a major power plant.
DETROIT— Ford is raising the price of its new aluminum-sided pickup truck, but still trying to stay competitive with rivals. A fancier King Ranch costs $3,615 more, but includes new standard features like a heated steering wheel. The most-expensive Platinum version will start at $55,235.