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  • 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...

  • Business events scheduled for the coming week Friday, 27 Feb 2015 | 1:26 PM ET

    WASHINGTON— Commerce Department releases personal income and spending for January, 8:30 a.m. Eastern; Institute for Supply Management releases its manufacturing index for February, 10 a.m.; Commerce Department releases construction spending for January, 10 a.m.. WASHINGTON— Labor Department releases weekly jobless claims, 8:30 a.m.; Labor Department...

  • BUSINESS-NEWS-SCHEDULE AT 1600 GMT / 11:00 a.m. ET Friday, 27 Feb 2015 | 11:37 AM ET

    WASHINGTON- U.S. economic growth brakes more sharply than initially thought in the fourth quarter as businesses slow their pace of stock accumulation and the trade deficit widens, but the underlying fundamentals remain solid. CHICAGO- Moody's Investors Service cuts Chicago's already-weak credit rating one notch to Baa2, citing the city's growing costs...

  • Business events scheduled for the coming month Friday, 27 Feb 2015 | 11:24 AM ET

    WASHINGTON— Commerce Department releases personal income and spending for January, 8:30 a.m. Eastern; Institute for Supply Management releases its manufacturing index for February, 10 a.m.; Commerce Department releases construction spending for January, 10 a.m.. WASHINGTON— Labor Department releases weekly jobless claims, 8:30 a.m.; Labor Department...

  • DETROIT— Fiat Chrysler is recalling more than 467,000 Dodge and Jeep SUVs worldwide to fix a faulty fuel pump relay at the root of a potential stalling problem. The recall announced Friday by the company covers 2012 and 2013 Dodge Durangos and 2011 Jeep Grand Cherokees outside North America. The September recall affected Grand Cherokees and Durangos from 2011...

  • *GM to stop car manufacturing in Indonesia. GM Indonesia to shutter assembly plant, axe 500 jobs. Feb 27- A day after announcing it is to stop making GM-branded cars in Indonesia, General Motors said on Friday it would cease production of its Chevrolet Sonic in Thailand by the middle of this year.

  • NEW YORK, Feb 26- Bondholders are split on a proposed bill to give Puerto Rico's ailing public agencies a way to restructure debt under U.S. bankruptcy law, with some saying it would give confidence to the market and others arguing it is a "Wild West" solution. The bill to give Puerto Rico's agencies the ability to file under Chapter 9 of the U.S. bankruptcy code- used by...

  • *GM to stop car manufacturing in Indonesia. BEIJING, Feb 26- General Motors will stop making GM-branded cars in Indonesia, a battleground for global automakers, closing an assembly plant, axing some 500 jobs and shifting its focus to sport utility vehicles. The retreat also comes as GM drives into Indonesia with its Chinese partner, SAIC Motor Corp..

  • Automakers hire rocket firm to probe air bag problems Thursday, 26 Feb 2015 | 10:43 AM ET

    Ten automakers whose vehicles have been recalled because of problems with Takata Corp. air bags said Thursday they have jointly hired Orbital ATK to figure out the problem. Air bags inflators made by Takata of Japan can explode with too much force, sending shrapnel into car and truck cabins. So far, about 17 million cars and trucks have been recalled in the U.S. and...

  • DETROIT— Fiat Chrysler is recalling nearly 26,000 midsize cars in North America to fix automatic transmissions that might not shift into park. The recall covers the Chrysler 200 with V-6 engines from the 2015 model year. The company said manufacturing problems at a parts supplier's factory can cause the nine-speed transmissions to malfunction.

  • WASHINGTON/ DETROIT, Feb 25- A U.S. safety regulator on Wednesday ordered Takata Corp to preserve all air-bag inflators removed through a recall process as evidence for both a federal investigation and private litigation cases. Secretary of Transportation Anthony Foxx also prohibits Takata from destroying or damaging any air-bag inflators except those...

  • US agency orders air bag maker to preserve parts in probe Wednesday, 25 Feb 2015 | 5:05 PM ET

    DETROIT— U.S. safety regulators have ordered Japanese air bag maker Takata Corp. to preserve air bag parts from recalled cars for government investigators and attorneys who are suing the company. Ten different automakers have recalled about 17 million cars and trucks in the U.S., and recovered inflators have been sent to Takata. The order stops Takata from...

  • Automotive News initially reported GM's plans for its plants in Lake Orion, Michigan, and Oshawa, Ontario, citing sources. The plant was also idle last week and previously had scheduled a down week April 6-10, Automotive News said. On Feb. 1, there was a 216- day supply of Sonics on dealer lots or on the way to stores, the highest inventory level since the debut in August...

  • DETROIT, Feb 25- General Motors Co is cutting production at two of its North American car plants as supplies of vehicles including the Chevrolet Sonic and Buick Regal rise, Automotive News reported on Wednesday, citing sources familiar with the company's plans. The company's "flex" line at its Oshawa, Ontario, plant will be idled April 13-17, cutting output of the...

  • DETROIT, Feb 25- General Motors Co is cutting production at two of its North American car plants as supplies of vehicles including the Chevrolet Sonic and Buick Regal rise, Automotive News reported on Wednesday, citing sources familiar with the company's plans. The company's "flex" line at its Oshawa, Ontario, plant will be idled April 13-17, cutting output of the...

  • This week, strong showings in two influential quality surveys are bringing good publicity to a nameplate that was inches from the grave when its parent company, General Motors, was in bankruptcy six years ago. Buick has been on J.D. Power's top 10 brand list for long-term reliability every year for the past decade, even winning top honors in 2007 and 2009. This year,...

  • NEW YORK, Feb 24- The shuttered Revel Casino Hotel in Atlantic City, New Jersey, again has a buyer- and again it's Florida developer Glenn Straub, who was lured back by a discounted price of $82 million. New Jersey's governor, Chris Christie, recently appointed an emergency manager to reinvigorate the city's finances and appointed Kevyn Orr, who put Detroit into...