Several states and municipalities are issuing bonds as they struggle with ballooning pension costs, the New York Times reports.» Read More
The General Motors brand said it intends to introduce 13 new or "significantly changed" products in the coming year- "13 in' 13," according to Chevrolet communications director Michael Albano- leaving the Cruze compact, introduced just two years ago, as the oldest car in Chevy's U.S. lineup.
TOKYO-- Toyota executives were unfazed Thursday by the overnight recall of 7.43 million vehicles over faulty power window switches that can cause fires, calling it a sign the Japanese company had learned from its mistakes and was becoming quicker and more transparent.
DETROIT, Oct 11- Ford Motor Co, vying to challenge Toyota Motor Corp's dominance in the hybrid market, said on Thursday that its 2013 C-Max Energi plug-in hybrid gets 100 miles per gallon, beating the 2012 Prius by about 5 percent.
NEW YORK-- If you are trying to figure out if small businesses are hiring, it depends on where you look. Just last Friday when the government was raising suspicious eyebrows with its report of a sudden drop in the unemployment rate so close to a presidential election, Andy Asbury was hiring a full-time employee to work at his Minneapolis real estate brokerage.
DETROIT-- The largest recall in Toyota's 75- year history could undermine the Japanese automaker's comeback from natural disasters and embarrassing safety problems. Toyota said grease wasn't applied evenly to the switch during production, causing friction and sometimes smoke and fire.
Oct 10- Former General Motors Co Vice Chairman Robert Lutz has joined the board of a steel materials design company in which the U.S. automaker has invested, NanoSteel Co Inc said on Wednesday.
DETROIT-- Members of the Detroit City Council are expected to receive an update on efforts to balance the city's budget and fix its fiscal troubles. The council's Budget, Finance and Audit Standing Committee has scheduled a discussion Wednesday afternoon at City Hall on the monthly report of the Financial Stability Agreement with the state.
Oct 10- U.S. safety regulators warned consumers Wednesday that their repaired vehicles may contain air bags that fail to inflate during an accident. Only vehicles that had an air bag replaced over the past three years- by repair shops that are not part of new-car dealerships- may be at risk, the National Highway Traffic Safety Administration said.
Oct 10- U.S. safety regulator on Wednesday issued a warning to consumers with repaired vehicles that they may have air bags that don't inflate in an accident. The National Highway Traffic Safety Administration said testing revealed the problem involving the sale of counterfeit air bags for use as replacement parts in vehicles involved in crashes.
*US safety regulator issue warning to consumers regarding possible counterfeit. air bags used as relacement parts in cars involved in accidents. *Nhtsa says counterfeit replacement air bags may not deploy or expel metal.
Oct 10- Former General Motors Co Vice Chairman Robert Lutz has joined the board of a steel materials design company in which the U.S. automaker has invested, NanoSteel Co Inc said on Wednesday. Prior to GM, Lutz was president of Chrysler Corp, which is now controlled by Fiat, and he held executive positions with Ford Motor Co and BMW.
White is the most popular color for the second year in a row after overtaking silver in 2011. The annual rankings are compiled by automotive paint supplier PPG Industries Inc., a Pittsburgh- based company that provides paints to General Motors Co., Ford Motor Co., BMW AG and others. By comparison, 19 percent of midsize cars made in North America are white.
SEATTLE-- A Michigan woman dying of leukemia says she hopes her embarrassment during a Seattle airport security pat-down might change the way the Transportation Security Administration treats travelers with medical conditions. Dunaj, 34, was making what she expects will be the last trip of her life on Oct. 2 as she traveled through Seattle en route to Hawaii.
SEATTLE-- A Michigan woman dying of leukemia hopes her embarrassing experience at a Seattle airport changes the way the Transportation Security Administration treats travelers with medical conditions. Michelle Dunaj, 34, was making what she expects will be the last trip of her life on Oct. 2 as she departed for Hawaii.
DETROIT-- Days after taking his wife off life support, George Cary got a phone call that confirmed his suspicions: Her meningitis-related death was linked to tainted steroid injections at a Michigan clinic that had regularly treated her back pain.
SACRAMENTO, Calif.-- A ballot initiative funded by a billionaire hedge fund manager is asking California voters to do what Gov. Opponents argue that repealing the tax break given three years ago would make California less friendly to multistate corporations and threaten existing jobs.
NEW YORK-- As many as 13,000 people received steroid shots suspected in a national meningitis outbreak, health officials said Monday. Those injected in joints are not believed to be at risk for fungal meningitis, said Curtis Allen, a spokesman for the Centers for Disease Control and Prevention.
DETROIT-- General Motors has picked its top Washington lobbyist to lead the Cadillac brand worldwide. The company named Robert Ferguson on Tuesday to the new position of vice president of global Cadillac. Ferguson's lobbying duties will be assumed by Vice President of Communications Selim Bingol, who also will keep his current post in Detroit.
Oct 9- General Motors Co has created the new position of global brand chief for Cadillac as the U.S. automaker looks to broaden global demand for the luxury line of vehicles.
COLUMBUS, Ohio, Oct 8- Sergio Marchionne, chief executive of both Fiat SpA and Chrysler Group LLC, will revise 2- year growth plans for both automakers later this month to reflect the slump in European auto sales since 2009.. To assume that the 2010 data that was put out in Europe is going to be confirmed is nonsense. "