A Times investigation finds that NHTSA has frequently been slow to identify issues, tentative to act and reluctant to use its legal powers.» Read More
MILAN/ PARIS, May 7- Fiat Chrysler shares fell sharply on Wednesday as analysts questioned whether it could achieve the targets of Chief Executive Sergio Marchionne's new strategy for the carmaker- and how the plan would be funded.
MILAN, May 7- Shares in Fiat Chrysler dropped in early Wednesday trading, handing back some of their recent gains, as analysts expressed scepticism over a new business plan aimed at boosting sales 60 percent by 2018 and almost wiping out debt.
DETROIT, May 6- Fiat Chrysler said on Tuesday it expects to increase its net profit fivefold by 2018 to around 5 billion euros, boosted by a major increase in sales of its Jeep SUVs and an overhaul of its sporty Alfa Romeo brand.
*Fiat Chrysler presenting 5- year business plan in Detroit. The newly-merged group outlined a long-awaited business plan on Tuesday, aiming to revive its two historic carmaking names and persuade investors it can overcome high debts, an uncertain market backdrop and past missteps to close the gap on industry leaders such as Volkswagen and Toyota.
DETROIT, May 6- General Motors Co's defective ignition switch that has been linked to at least 13 deaths also was the subject of an unrelated 2006 technical service bulletin to U.S. dealers related to the inability of some Saturn Ion owners to start their cars.
May 5- A Las Vegas suburb is grappling with financial problems similar to those that tipped the cities of Detroit, Harrisburg, Pennsylvania and Stockton, California, into insolvency, Fitch Ratings said on Monday.
The group representing the largest block of Detroit's retired workers on Friday agreed to accept the city's proposed cuts to their pension benefits.
*New 5- year plan to be presented in Detroit on May 6. MILAN, May 2- Newly-merged Fiat Chrysler will unveil its long-awaited five-year plan on Tuesday, with chief executive Sergio Marchionne under pressure to show he can translate years of canny dealmaking into a thriving global autos business.
LONDON, May 2- The London Metal Exchange is planning to start publishing a commitments of traders report from July.
HARRISBURG, Pennsylvania, May 2- Shamokin, Pennsylvania, tucked away in the coal country about 120 miles northwest of Philadelphia, has $800,000 of unpaid bills and can't get a loan from a bank. The law was passed in a bid to help Pennsylvania cities battered by the decline of the American steel industry in the 1970 s and' 80 s.
"While not binding on a bankruptcy judge in California, a decision by the 6th Circuit court in Detroit would certainly be persuasive to a judge applying the same federal bankruptcy law in a California case," Sweet said. "Furthermore, the next step after the 6th Circuit court in Detroit is the U.S. Supreme Court.
May 1- Atlanta Public Schools is considering selling up to $540 million of bonds to make a leveraged bet on the stock market, an idea so bad it almost goes beyond the meaning of' idea' much less' bad'.
In a rare example of a major carmaker making a smooth leadership transition, Ford has tabbed COO Mark Fields to succeed Alan Mulally as CEO.
WASHINGTON- The U.S. government lost $11.2 billion on its bailout of General Motors Co, more than the $10.3 billion the Treasury Department estimated when it sold its remaining GM shares in December, according to a government report released on Wednesday.
The $11.2 billion loss includes a write-off in March of the government's remaining $826 million investment in 'old' GM, a Treasury watchdog said.
WASHINGTON, April 30- The U.S. government lost $11.2 billion on its bailout of General Motors Co, more than the $10.3 billion the Treasury Department estimated when it sold its remaining GM shares in December, according to a government report released on Wednesday.
DETROIT, April 29- Mercedes is recalling about 284,000 of its C-Class sedans in the United States and Canada because an electrical issue could cause the tail lights to dim or fail, according to the company and documents filed with U.S. safety regulators.
DETROIT, April 29- Mercedes is recalling 252,867 of its C-Class sedans in the United States because an electrical issue could cause the tail lights to dim or fail, according to documents filed with U.S. safety regulators.
*Comcast seeking regulatory approval for Time Warner Cable deal. April 28- Comcast Corp on Monday agreed to a three-way deal with Charter Communications Inc as part of Comcast's efforts to win regulatory approvals for its proposed $45 billion purchase of Time Warner Cable Inc..
WASHINGTON, April 28- Two Democratic U.S. senators on Monday called on the Department of Transportation to urge owners of 2.6 million recalled General Motors cars to stop driving them until they are repaired, which could take months as dealerships wait for replacement ignition switches.