Detroit may be moving to resolve its pension crisis, but New Jersey's pension problems are just heating up.» Read More
DETROIT, Aug 8- Volkswagen AG is more than doubling a three-year-old recall of its Chrysler-built Routan minivans that have ignition switches that can be knocked into the accessory position and shut off the engine, according to documents filed with U.S. safety regulators.
DETROIT, Aug 8- Volkswagen AG is more than doubling a three-year-old U.S. recall of its Chrysler-built Routan minivans that have ignition switches that can be knocked into the accessory position and shut off the engine, according to documents filed with U.S. safety regulators.
The National Highway Traffic Safety Administration says in documents posted Friday that the fires appear to be unrelated to three recalls of the motorcycles. One Spyder was destroyed last month in a fire while being used by the Morgantown, West Virginia, Police Department. The motorcycles are made by Bombardier Recreational Products Inc. of Canada.
DETROIT— In a story July 25 about the performance of air bags in some Chevrolet Impalas, The Associated Press reported erroneously that federal safety regulators had opened a formal investigation into the matter, based on incorrect statements from an agency spokeswoman.
DETROIT, Aug 7- General Motors Co said Thursday it will show the next-generation of its slow-selling Chevrolet Volt hybrid electric car in January. Company officials did not disclose details on the pricing or driving range of the 2016 Volt, which will debut at the North American International Auto Show in Detroit.
DETROIT— Facing international criticism for mass water shutoffs aimed at resolving millions of dollars' worth of unpaid bills, Detroit's mayor announced Thursday the bankrupt city will offer affordable, consistent payment plans and financial assistance to many delinquent customers. Mayor Mike Duggan made the announcement Thursday at City Hall.
DETROIT, Aug 6- Chrysler Group Chief Executive Sergio Marchionne said on Wednesday the company has not resumed talks with Canadian officials about financial support to help upgrade a minivan plant in Windsor, but would entertain any proposal offered.
WASHINGTON, Aug 6- The city of Detroit is zeroing in on financing for its exit from bankruptcy and intends to have a committed lender in coming weeks, its lawyers told Bankruptcy Judge Steven Rhodes on Wednesday.
*Seeks to create Dutch-registered Fiat Chrysler Automobiles. MILAN/ DETROIT Aug 6- Fiat Chief Executive Sergio Marchionne on Wednesday blamed overblown press reports and a "lack of understanding" of the merger with its U.S. unit Chrysler for a share sell-off that threatens to blow the planned tie-up off course.
MILAN/ DETROIT, Aug 6- Fiat Chrysler chief Sergio Marchionne on Wednesday blamed overblown press reports and a "lack of understanding" of the merger with Chrysler for a share sell-off that threatens to prevent the tie-up's completion.
DETROIT, Aug 6- Amid concerns that Fiat shareholders will prevent a merger of the Italian automaker with Chrysler Group, the American automaker reported that second-quarter profit was up 22 percent to $619 million.
SAO PAULO, Aug 5- When João Paulo de Oliveira was fired in 1980 by Rapistan, a Michigan- based manufacturer of conveyor belts, his troubles were only beginning. In ensuing years, the military dictatorship that ran Brazil arrested or detained him about 10 times.
The U.S. National Highway Traffic Safety Administration said in documents filed online on Friday the investigation was upgraded to an "engineering analysis" from a "preliminary evaluation" of the 2008 four-door models made by Honda Motor Co.
WASHINGTON, Aug 4- The Treasury Department's new office on state and local finance will scrutinize public pensions, appointing a specialist in the area and becoming a resource for retirement planning, its inaugural director said in a speech on Monday.
The U.S. National Highway Traffic Safety Administration said in documents filed online on Friday that it was upgrading the investigation to an "engineering analysis" from a "preliminary evaluation" of the 2008 four-door models made by Honda Motor Co. Honda officials were not immediately available for comment.
BEIJING Aug 3- General Motors said on Sunday that it had asked its main Chinese supplier to find an alternative source of components after an explosion ripped through a factory a day earlier killing at least 69 people.
Aug 1- South Korea's Hyundai Motor Co is recalling about 420,000 vehicles covering three models for separate problems in the United States, after recalling 883,000 Sonata sedans this week, according to U.S. safety regulators.
DETROIT, Aug 1- The U.S. auto industry hasn't appeared so healthy for years. And yet, a minority on Wall Street and in the autos business are seeing reasons to be wary. Among those seeing a glass half empty is Morgan Stanley auto analyst Adam Jonas who says we may be heading towards what he terms "peak auto."
DETROIT, July 31- Tesla Motors Inc, the California- based maker of luxury electric cars, said it lost $61.9 million, or 50 cents a share, in the second quarter, as revenue nearly doubled to $769.3 million. In the year-ago quarter, Tesla lost $30.5 million, or 26 cents a share, on revenue of $405.1 million.
DETROIT, July 31- Tesla Motors Inc, the California- based maker of luxury electric cars, said it lost $61.9 million, or 50 cents a share, in the second quarter, as revenue nearly doubled to $769.3 million. On a non-GAAP basis, Tesla said it earned 11 cents a share, topping analysts' expectations of 4 cents.