Investors cut $147 billion of municipal bonds in the fourth quarter, compared to $83.1 billion the previous quarter.» Read More
DETROIT-- U.S. safety regulators are investigating complaints that Honda Odyssey minivans and Pilot SUVs can roll away after drivers remove the ignition key. The probe by the National Highway Traffic Safety Administration affects more than 577,000 older-model vehicles, which were big sellers with families because of their space and reputation for quality.
An estimated 577,100 Honda vehicles are being investigated by the National Highway Traffic Safety Administration's Office of Defects Investigation. "Honda will cooperate with NHTSA through the investigation process, and will initiate our own internal review of the available information," said a spokesman for American Honda Motor Co..
Oct 5- General Motors Co said on Friday it will shift its hydrogen fuel cell development program from upstate New York, and consolidate the operation with its global power train engineering headquarters in Pontiac, Michigan.
DETROIT-- General Motors Co. said Friday that it plans to close its hydrogen fuel-cell research operation near Rochester, N.Y., and move about 220 jobs to Michigan. The Detroit- based automaker said the move will bring together experts on engine and transmission technology.
DETROIT-- The union representing Detroit Water and Sewerage workers says a five-day strike has ended and that 36 employees fired for walking out will get their jobs back. American Federation of State County and Municipal Employees Local 207 said in a statement Thursday that its executive board voted to end the strike after negotiations with management.
DETROIT-- Drivers of the Hyundai Veloster could be in for a surprise while cruising down the highway. The probe affects about 18,000 vehicles from the 2012 model year, the National Highway Traffic Safety Administration said Friday. Hyundai said it is working with NHTSA on the investigation.
DETROIT-- U.S. safety regulators are looking into throttle problems in older Ford Escapes at the request of a consumer group. The nonprofit North Carolina Consumers Council has asked federal regulators to investigate two complaints from drivers who say the small SUV stalled or surged forward.
DETROIT-- U.S. safety regulators are investigating complaints that Honda Odyssey Minivans and Pilot SUVs can roll away after drivers remove the ignition key. The probe by the National Highway Traffic Safety Administration affects more than 577,000 vehicles from the 2003 and 2004 model years that have automatic transmissions.
NEW YORK, Oct 5- The U.S. unemployment rate dropped to a near four-year low of 7.8 percent in September, a potential boost to President Barack Obama's re-election bid. RUSSELL PRICE, SENIOR ECONOMIST, AMERIPRISE FINANCIAL, DETROIT. ECONOMIST, RBC CAPITAL MARKETS, NEW YORK.
DETROIT-- A fundraiser for Kwame Kilpatrick told jurors Thursday that she regularly pulled money from her bra to pay kickbacks to the then- Detroit mayor, whom she considered like her own son. Emma Bell at times struggled as she explained her dealings with Kilpatrick.
DETROIT-- The union for striking Detroit Water and Sewerage Department workers says it will continue the walkout until the city gives amnesty to 34 workers threatened with firing. The union struck Sunday to protest Detroit's plan to downsize the department and eliminate most of the jobs in the department over several years.
Oct 4- Tesla Motors Inc Chief Executive Elon Musk dismissed fears the electric carmaker was in financial trouble and said it was making an advance payment on the federal loan used to make its Model S sedan.
DETROIT-- Honda says it is recalling more than 820,000 Civic compact cars and Pilot SUVs because the headlights can fail. The recall affects Civics from the 2002 and 2003 model years and Pilots from 2004 and 2005.. Honda says it will fix the wiring for free.
DETROIT, Oct 4- Tesla Motors Inc Chief Executive Elon Musk dismissed fears the electric carmaker was in financial trouble and said it was making an advance payment on the federal loan used to make its Model S sedan.
DETROIT, Oct 3- The Dodge Dart, the model Chrysler is betting on becoming a top-selling small car, was among four new vehicles on the U.S. market to receive a top crash-test rating by an influential safety group on Wednesday.
DETROIT-- Thirty-four Detroit Water and Sewerage workers who went on strike over pay cuts and the city's plan to downsize the department over several years have been suspended without pay and face firing.
*GM, Ford see soft truck sales; Toyota up 41.5 pct. DETROIT, Oct 2- U.S. auto sales last month posted their best showing in 4-1/ 2 years, helped by cheap financing, rising consumer confidence and a major rebound by Toyota Motor Corp.
DETROIT-- Americans found plenty of reasons to buy new cars in September, making auto sales a bright spot in the economy for yet another month. Sales rose for most carmakers, led by big gains at Toyota, Honda and Volkswagen. Gas prices have jumped 14 percent since July 1, and hit $3.79 per gallon at the end of September, a record for that time of year.
WASHINGTON-- The U.S. economy is looking more resilient, thanks in part to encouraging signs for the two most expensive purchases most Americans make: cars and homes. Cheap loans and a bounty of fuel-efficient models enticed people to buy new vehicles at a brisk pace last month.