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  • COLUMN-Testing the aluminum stock financiers: Andy Home Tuesday, 19 Aug 2014 | 10:35 AM ET

    LONDON, Aug 19- The enigma machine that is the London aluminum market has shifted gears again. The front part of the London Metal Exchange curve has been tightening for several weeks now to the point that the shortest-dated spreads are currently in backwardation.

  • Aug 15- Electric carmaker Tesla Motors Inc said on Friday it had boosted warranty coverage on its Model S sedan, a week after an influential U.S. consumer magazine highlighted problems with the $70,000- plus vehicle. It purchased the car in January 2013 for $89,650.

  • DETROIT, Aug 15- Ford Motor Co is recalling nearly 160,000 Focus ST sedans and Escape crossovers from model years 2013-2014 to correct a wiring problem that could affect engine performance, the company said on Friday. There are no crashes or injuries attributed to the problem, Ford said.

  • Aug 14- The Detroit City Council on Thursday approved four bond issues to raise cash to pay settlements with some city creditors, according to the city clerk's office, offering a glimpse at how Detroit intends to finance its exit from the biggest-ever municipal bankruptcy.

  • Ambac was also negotiating on behalf of Erste Europäische Pfandbrief-und Kommunalkreditbank AG, the holder of the bonds, and Wells Fargo Bank, the bond trustee and the flagship bank of Wells Fargo& Co. Details of the negotiations are subject to a judicial gag order.

  • Aug 14- A bond insurance company fired back at Detroit's attempt to invalidate $1.45 billion of pension debt, claiming in a court filing late Wednesday that it was "fraudulently" led to guarantee payments on the debt.

  • BRASILIA, Aug 14- General Motors Co will invest 6.5 billion reais in Brazil over the next five years, Chief Executive Officer Mary Barra said on Thursday, reaffirming the automaker's long-term plans despite a sharp downturn in the local market.

  • Aug 14- A bond insurance company fired back at Detroit's attempt to invalidate $1.45 billion of pension debt, claiming in a court filing late Wednesday that it was "fraudulently" led to guarantee payments on the debt.

  • Aug 13- A federal judge on Wednesday once again delayed the start of the key phase of Detroit's historic bankruptcy case, pushing it to Aug. 29 from Aug. 21.

  • UPDATE 1-Start of Detroit bankruptcy trial delayed a week Wednesday, 13 Aug 2014 | 6:04 PM ET

    Bankruptcy Judge Steven Rhodes on Wednesday pushed the start of the trial on Detroit's exit from the largest municipal bankruptcy in U.S. history to Aug. 29 from Aug. 21, with opening statements scheduled for the following Tuesday, Sept. 2.

  • To achieve annual sales above pre-recession levels of about 17 million new vehicles, "the automakers are going to have to increase incentives more," said Larry Dominique, executive vice president of research firm TrueCar Inc..

  • Aug 12- The bankrupt city of Stockton, California, on Friday submitted a revised plan to exit Chapter 9 that reflects the judge's ruling over the value of a holdout creditor's collateral, but a larger question still looms over whether public pensions will be cut.

  • Aug 12- A federal judge could once again push back the start date for the trial on Detroit's exit from the largest municipal bankruptcy in U.S. history after some creditors said on Tuesday a possible settlement is snarling key components of the restructuring plan.

  • DETROIT, Aug 12- Heavy rains in southeast Michigan hit the operations of U.S. automakers in the region, including forcing the closure of General Motors Co's technical center outside Detroit. Detroit city officials said Monday night's heavy rainfall was the most rain the city had seen in almost nine decades.

  • DETROIT, Aug 12- Heavy rains in southeast Michigan hit the operations of U.S. automakers in the region, including forcing the closure of General Motors Co's technical center outside Detroit.

  • WASHINGTON, Aug 11- Detroit's largest union said on Monday that the city's historic bankruptcy proceedings have given the management of the water and sewer department opportunities to disrupt bargaining units and strip union members of job protections.

  • Aug 8- The lawyer overseeing a General Motors Co fund set up to compensate victims of accidents caused by faulty ignition switches in its cars said he received claims for cases involving 63 deaths. Feinberg, who started taking claims from Aug. 1 and will continue until Dec. 31, will determine the number of claims eligible for payments and final payouts.

  • Aug 8- The lawyer overseeing a General Motors Co fund set up to compensate victims of accidents caused by faulty ignition switches in its cars has received claims for 63 deaths cases, the Associated Press reported, citing a spokeswoman for the fund.

  • DETROIT, Aug 8- General Motors said on Friday it is recalling 269,000 vehicles to fix a variety of defects. The largest of the five recalls involves 202,115 Saturn Vue crossovers from model years 2002-2004 to replace faulty ignition cylinders. GM said the ignition key in some cases can be removed while the vehicle is running.

  • Ford recalls about 3,000 vehicles in North America Friday, 8 Aug 2014 | 11:25 AM ET

    DETROIT, Aug 8- Ford Motor Co is recalling about 3,000 cargo vans and luxury SUVs in North America in three separate actions to address potential brake hose, sliding door and windshield issues, the No. 2 U.S. automaker said on Friday. About 1,279 vans sold in the United States, 29 in Canada and 11 in U.S. territories are affected.