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  • 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...

  • DETROIT— Buick is the first U.S.-based automotive brand to crack the top 10 in Consumer Reports magazine's annual brand report cards. But the brand rankings and top picks still were dominated by Japanese and German manufacturers, with Lexus, Mazda, Toyota, Audi and Subaru taking the top five brand spots. Porsche placed just ahead of Buick at No. 6, while Honda, Kia...

  • DETROIT— It's a case of buyer beware, with potentially dangerous consequences. More than 46 million cars and trucks on the road in the U.S.— about one-fifth the total— were recalled because of safety defects but never repaired, according to a study by Carfax, a company that sells vehicle history reports. "It's a very major public safety problem," says Chris Basso, a...

  • Mitsubishi's iMiev remains cheapest electric Tuesday, 24 Feb 2015 | 11:35 AM ET

    DETROIT— Mitsubishi's 2016 iMiev will remain the cheapest electric car on the market when it goes on sale in the U.S. next month. The iMiev was introduced in 2011. Two years later, Mitsubishi dropped its price by $5,000 to ensure it would be cheaper than newer entries like the electric Chevrolet Spark. Mitsubishi sold 196 iMievs in the U.S. last year, down 81 percent...

  • DETROIT— General Motors is recalling about 67,000 Cadillac ATS compact sports sedans to fix a problem with the power sunroof controls. The recall affects cars from the 2013 through 2015 model years. Dealers will replace a switch trim plate to fix the cars, which mainly were sold in the U.S. and Canada.

  • DETROIT— The death toll from crashes involving General Motors cars with defective ignition switches has climbed to 57.. It was posted Monday on an Internet site by compensation expert Kenneth Feinberg. Feinberg and his aides are checking claims filed or postmarked before a Jan. 31 deadline to determine which are eligible for compensation.

  • American Axle beats Street 4Q forecasts Monday, 23 Feb 2015 | 8:42 AM ET

    DETROIT _ American Axle& Manufacturing Holdings Inc. on Monday reported fourth-quarter profit of $13.2 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 54 cents per share. American Axle shares have risen 13 percent since the beginning of the year.

  • The unexpected decision follows the recalls of more 6.2 million Honda vehicles in the U.S.— and millions of others elsewhere— equipped with air bags made by Japan's Takata Corp. The air bags have inflators that can explode, expelling shards of metal and plastic. "I believe Honda needs to become one strong team in order to overcome challenges and the team requires a...

  • DETROIT, Feb 22- Chinese auto parts maker Wanxiang Group will push back its planned relaunch of the defunct Fisker Karma hybrid sports car until mid-2016 and rebrand Fisker Automotive as Elux, two sources familiar with the plan said Sunday. Wanxiang, which acquired the assets of California- based Fisker Automotive a year ago in a U.S. bankruptcy auction, had hoped...

  • BUSINESS-NEWS-SCHEDULE AT 2100 GMT / 4:00 p.m. ET Sunday, 22 Feb 2015 | 4:30 PM ET

    ATHENS- Greece's government prepares reform measures to secure a financial lifeline from the euro zone, but is attacked for selling "illusions" to voters after failing to keep a promise to extract the country from its international bailout. The story of how Greece's charismatic new minister failed during often chaotic negotiations to break German...

  • Wanxiang, which acquired the assets of California- based Fisker Automotive a year ago in a U.S. bankruptcy auction, had hoped to revive the Karma this year. Fisker Automotive was an early rival of Tesla Motors Inc, but despite the backing of the U.S. government and private investors, the company failed just six years after its 2007 launch. Fisker Automotive was...

  • DETROIT, Feb 22- Daimler AG's Mercedes-Benz is recalling more than 147,000 mid-size sedans and station wagons from 2013-2015 to check for risk of engine fires, the U.S. safety regulator said Saturday. The cars have a rubber seal in the engine compartment that can fall onto the exhaust system, increasing the risk of an under-hood fire, according to the National...

  • Illinois police department paid $500 ransom to hacker Saturday, 21 Feb 2015 | 11:33 AM ET

    MIDLOTHIAN, Ill.— A suburban Chicago police department paid a hacker a $500 ransom to restore access to data on a police computer that the hacker had disabled through the use of an increasingly popular type of virus. The police department in Midlothian, a village southwest of Chicago, was hit in January by a form of the Cryptoware virus, which encrypted some files on...

  • NEW YORK, Feb 20- United Auto Workers President Dennis Williams told Reuters it would be an "injustice" if workers at the Detroit Three automakers don't get a raise in contracts this year, but he said the union must also ensure the companies remain competitive. Williams, in an interview on Thursday with the Reuters editorial board in New York, gave a glimpse of the...

  • NEW YORK, Feb 20- United Auto Workers President Dennis Williams told Reuters it would be an "injustice" if workers at the Detroit Three automakers don't get a raise in contracts this year, but he said the union must also ensure the companies remain competitive. Williams, in an interview on Thursday with the Reuters editorial board in New York, gave a glimpse of the...