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Detroit

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  • DETROIT— Fiat Chrysler is adding almost 89,000 Jeep Cherokees to a recall to fix software that can cause side air bags to inflate without a crash. The addition brings the total number of 2014 and 2015 Cherokees covered by the February recall to nearly 337,000. All but 52,000 are in the U.S., Canada or Mexico. Dealers will upgrade software that controls side curtain...

  • GM recalls pickups, cars to fix seat and belt glitches Tuesday, 12 May 2015 | 1:07 PM ET

    DETROIT— General Motors is recalling nearly 470,000 Chevrolet Malibu midsize cars to fix potentially weakened steel cables that link the front seat belts to the vehicles. The company also is recalling about 53,000 Chevy Colorado and GMC Canyon midsize pickup trucks to fix seat frame hooks that weren't installed properly during assembly.

  • Only 3 of 7 midsize SUVs perform well in crash tests Tuesday, 12 May 2015 | 12:02 AM ET

    DETROIT— Only three of seven midsize SUVs from the 2015 model year performed well in front-end crash tests done by an insurance industry group. The Nissan Murano and Jeep Wrangler four-door got the highest, or "good," rating in the latest round of Insurance Institute for Highway Safety small overlap crash tests. The Ford Flex got the second-best "acceptable," rating...

  • LOS ANGELES, May 11- An attempt by holders of bonds issued by bankrupt San Bernardino to win the same treatment accorded the city's biggest creditor, state pension giant Calpers, was thrown out by a federal judge on Monday. San Bernardino, a city of 205,000 that is 65 miles east of Los Angeles, declared bankruptcy in July 2012 with a $45 million deficit.

  • LOS ANGELES, May 11- An attempt by holders of bonds issued by bankrupt San Bernardino to win the same treatment accorded the city's biggest creditor, state pension giant Calpers, was rejected by a federal judge on Monday, in a ruling the judge called "tentative." The ruling comes three days before the southern California city of San Bernardino produces its...

  • Detroit delays bond sale related to bankruptcy exit Monday, 11 May 2015 | 6:02 PM ET

    Detroit is taking advantage of a new law that should give the bonds investment-grade ratings that could save the city between $20 million and $30 million over the life of the issue, according to the office of Michigan Governor Rick Snyder, a Republican. Detroit privately placed $275 million of variable-rate bonds with Barclays Capital to finance its Dec. 10...

  • DETROIT— A judge has upheld an arbitrator's ruling that Compuware must pay $16.5 million to the company's co-founder and longtime CEO after he was fired in 2013 from a consulting job. The Detroit Free Press reports Wayne County Circuit Court Judge Daniel Ryan ruled Monday in the case involving Peter Karmanos Jr., who was stripped of vested stock options with the...

  • DETROIT— The death toll from faulty ignition switches in small cars made by General Motors has reached 100.. Diana DeGette, D- Colo., said the death toll could rise to 100 based on lawsuits and media reports. The "grim milestone" revives concerns about automakers quickly sharing information with the National Highway Traffic Safety Administration, and for the...

  • Why homebuyers face a tough spring Monday, 11 May 2015 | 6:12 AM ET

    Eager to buy your first home this spring? Bidding wars have broken out in hot real-estate markets like Denver and Los Angeles, where there aren't enough houses to meet demand. "Inventory is still fairly low in a lot of markets across the country," said Skylar Olsen, senior economist at real estate data firm Zillow.

  • DETROIT, May 8- General Motors Co said it will fall short of its goal of having 500,000 GM vehicles on U.S. roads by 2017 that are powered by some form of electricity. The No. 1 U.S. automaker said in its annual sustainability report that lower gasoline prices and a "surge" in model offerings from all automakers contributed to the lower-than-expected sales for...

  • *1st quarter revenue $939.9 mln vs year-ago $620.5 mln. May 6- Tesla Motors Inc reported a wider first-quarter net loss on Wednesday, but outperformed expectations and stuck to key milestones for the year ahead, despite pressure on margins. Chief Executive Officer Elon Musk said during a conference call that demand for the company's new line of stationary...

  • May 6- Tesla Motors Inc Wednesday reported a wider first-quarter net loss, but outperformed expectations and stuck to key milestones for the year ahead despite pressure on margins. Shares of the Silicon Valley electric car maker rose about 2 percent after hours from their close of $230.43. The automaker said it still expects to achieve that full-year sales...

  • May 6- Tesla Motors Inc reported a wider first quarter net loss on Wednesday and said the strong dollar would crimp gross margins in the coming quarter. The Silicon Valley electric car maker reaffirmed that it plans to start delivering its Model X sport utility vehicle late in the third quarter. The Model X, the company's second high-volume model, is critical to...

  • DETROIT, May 6- U.S. safety regulators have opened an investigation into a potential wire-related fire hazard from a recall repair by Fiat Chrysler Automobiles implemented last year on more than 660,000 SUVs in the United States. The National Highway Traffic Safety Administration has opened what it calls a "recall query" after receiving eight reports of fires...

  • DETROIT, May 6- U.S. safety regulators have opened an investigation into a potential wire-related fire hazard from a recall repair by Fiat Chrysler Automobiles implemented last year on more than 660,000 SUVs in the United States. In July 2014, FCA US, the former Chrysler, recalled about 900,000 Jeep Grand Cherokee and Dodge Durango SUVs globally from model years...

  • BEIJING/ NEW DELHI, May 4- General Motors aims to grab at least 5 percent market share in India within the next decade, as it sees that market overtaking Japan as the world's third biggest with projected annual sales of 8 million vehicles by 2025.. The Detroit carmaker, which is losing money in India even after 18 years there, will unleash a product blitz aimed at...

  • DETROIT, May 3- Detroit's automakers, on track for their best sales year since 2006, may want to brace themselves for rockier times ahead. Auto executives say the industry is as healthy as it's been since being restructured in 2009. But judging by the recent stock performance of General Motors Co, Ford Motor Co and Fiat Chrysler Automotive, investors have a less...

  • LONDON, May 1- The London Metal Exchange has fined one of its warehousing operators, CWT Commodities, 100,000 pounds for breaching information barriers with associated trading companies. The only directly comparable disciplinary action to that against CWT was the 50,000- pound fine imposed on Henry Bath in 1999 for trading metal on its own account.

  • DETROIT, April 30- General Motors Co said on Thursday it will spend $5.4 billion over the next three years on its U.S. manufacturing plants to boost production and vehicle quality. GM outlined about $784 million of the investments for three Michigan plants, and said it would give details over the next several months about the remaining $4.6 billion in spending.

  • April 29- General Motors Co said it is likely it will cease vehicle production in Venezuela in July as the automaker joins other U.S. corporations in taking action to shield their profits from the South American country's volatile currency. GM has one plant in Venezuela, in Valencia, where it builds the Chevrolet Aveo and Cruze cars, the Orlando crossover vehicle...