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  • WASHINGTON, March 24- A U.S. senator on Monday asked the federal government to force General Motors to establish a fund to compensate consumers affected by a long-running problem that prompted a major recall of some GM vehicles he characterized as "lethally defective."

  • NEW YORK, March 24- Detroit's emergency manager expects the city's $18 billion bankruptcy plan to win court approval by the fall despite obstacles such as a dispute over swap agreements and a vote by retirees on the plan that could potentially slow or derail the process.

  • DETROIT EMERGENCY MANAGER SAYS WOULD LIKE TO HAVE BANKRUPTCY PLAN CONFIRMED BY FALL.

  • WASHINGTON, March 24- A U.S. senator on Monday asked the federal government to force General Motors to establish a fund to compensate consumers affected by a long-running problem that prompted a major recall of some GM vehicles he characterized as "lethally defective."

  • WASHINGTON, March 21- The U.S. congressional investigation into General Motors Co automobile defects will bring aggressive scrutiny to a company with powerful lobbying clout and strong ties on Capitol Hill.

  • Muni investors are still worried about the outcomes of the financial struggles of Detroit and Puerto Rico. Reuters asked a number of 2014 U.S. Lipper Fund Awards' winners for answers.

  • NEW YORK, March 20- A U.S. judge signed off on Toyota Motor Corp's $1.2 billion settlement of criminal charges that it concealed safety problems in its vehicles, an accord that could serve as a model for a similar probe into General Motors Co..

  • WASHINGTON/ DETROIT, March 19- Toyota Motor Corp will pay a record $1.2 billion to resolve a criminal probe in to safety issues, in a deal that could serve as a template for how U.S. authorities approach a similar investigation into General Motors Co..

  • WASHINGTON/ DETROIT, March 19- Toyota Motor Corp will pay a record $1.2 billion to resolve a criminal investigation into safety issues, the largest such penalty ever levied by U.S. authorities on an auto company.

  • March 19- The U.S. Justice Department has reached a settlement of more than $1 billion with automaker Toyota Motor Corp, stemming from its handling of consumer complaints over unintended vehicle acceleration, a person briefed on the matter said.

  • LONDON, March 19- CME Group will launch a physically delivered North American aluminium contract this May. It represents the most credible challenge to the London Metal Exchange's pricing franchise in the global aluminium market since... well, since the CME's previous aluminium contract. It's easy to forget now, but CME has been here before.

  • March 18- Detroit asked a federal appeals court on Tuesday to consolidate seven cases seeking to overturn a December ruling that found the city was eligible for Chapter 9 municipal bankruptcy protection.

  • *Barra prepared to testify before Congress. DETROIT, March 18- General Motors Co Chief Executive Mary Barra said on Tuesday that she did not learn details about defective GM cars linked to 12 deaths until Jan. 31, just two weeks after she took over as CEO and nearly 13 years after GM engineers first documented problems.

  • *Barra prepared to testify before Congress. DETROIT, March 18- General Motors Co Chief Executive Mary Barra said on Tuesday that she did not learn details about defective GM cars linked to 12 deaths until Jan. 31, just two weeks after she took over as CEO and nearly 13 years after GM engineers first documented problems.

  • GM names new safety chief in wake of recalls Tuesday, 18 Mar 2014 | 10:28 AM ET
    An employee inspects a General Motors Inc. (GM) Chevrolet Spin vehicle on the production line at the PT General Motors Indonesia plant in Bekasi, Indonesia.

    Jeff Boyer, a General Motors veteran, has been appointed vice president of global vehicle safety, effective immediately.

  • DETROIT, March 18- General Motors Co on Tuesday named a new vehicle safety chief who will be responsible for heading off issues like the faulty ignition switches linked to 12 deaths and the recall of more than 1.6 million vehicles.

  • YOUNGSTOWN, Ohio/ WASHINGTON, March 18- Along the banks of the Mahoning River in the struggling Ohio steel town of Youngstown sits a once-abandoned furniture warehouse that has been converted into a sleek new laboratory.

  • DETROIT, March 17- General Motors Co announced new recalls of 1.5 million cars on Monday and in a virtually unprecedented public admission by a GM CEO, Mary Barra acknowledged the company fell short in catching faulty ignition switches linked to 12 deaths and last month's recall of 1.6 million cars.

  • DETROIT, March 17- General Motors Co announced three more recalls on Monday, related to airbag deployment and other issues, and said it would take a $300 million charge primarily to cover the costs related to these actions as well as the previous recall for faulty ignition switches.

  • DETROIT, March 17- General Motors Co will take a $300 million charge primarily to cover the costs related to the faulty ignition switches linked to at least 12 deaths as well as three more recalls it announced on Monday.