• Government says GM owner site was faulty Friday, 1 Aug 2014 | 6:14 PM ET

    DETROIT— The government and General Motors are warning vehicle owners that GM's recall Web site may not be listing all the cars that need recall repairs.

  • Business Highlights Friday, 1 Aug 2014 | 5:49 PM ET

    WASHINGTON— A sixth straight month of solid 200,000- plus job growth in July reinforced growing evidence that the U.S. economy is accelerating after five years of sluggish expansion. WASHINGTON— U.S. consumer spending rose at the fastest pace in three months in June, providing momentum for the economy going into the second half of the year.

  • House OKs bill to address border crisis Friday, 1 Aug 2014 | 5:01 PM ET

    WASHINGTON— House Republicans passed legislation late Friday to address the crisis on the U.S.- Mexico border by sending migrant youths back home without hearings, winning over conservatives with a companion bill that could lead to deporting more than half a million immigrants whom the Obama administration granted temporary work permits.

  • Business News Digest Friday, 1 Aug 2014 | 1:37 PM ET


  • US consumer sentiment edges down to 81.8 in July Friday, 1 Aug 2014 | 11:20 AM ET

    The University of Michigan said Friday that its index of consumer sentiment edged down to 81.8 in July from 82.3 in June. The July performance of the Michigan index was at odds with the July survey of consumer sentiment from the Conference Board.

  • SUVs lead GM to 9.4 percent July US sales increase Friday, 1 Aug 2014 | 10:28 AM ET

    DETROIT— General Motors says its U.S. sales rose 9.4 percent last month, making it the best July since 2007.. The increase was led by redesigned truck-based SUVs and came despite GM's recall crisis that began in February. Sales of the redesigned Cadillac Escalade SUV more than doubled while Chevrolet Tahoe sales rose 52 percent.

  • US auto sales sizzle in July, helped by discounts Friday, 1 Aug 2014 | 10:09 AM ET

    Toyota, Ford, Nissan and Chrysler all saw double-digit sales gains. Of major automakers, only Honda and Volkswagen saw declines. Toprak said Ford, Toyota, Volkswagen and Hyundai were the most generous; GM and Honda spent less.

  • Hyundai recalls more than 419K vehicles Friday, 1 Aug 2014 | 10:02 AM ET

    DETROIT— Hyundai is recalling more than 419,000 cars and SUVs to fix suspension, brake and oil leak problems. States affected are Connecticut, Delaware, Illinois, Indiana, Iowa, Maine, Maryland, Massachusetts, Michigan, Minnesota, Missouri, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Rhode Island, Vermont, West Virginia and Wisconsin.

  • Ford's US sales up 10 percent in July Friday, 1 Aug 2014 | 9:17 AM ET

    DETROIT— Ford's U.S. sales jumped 10 percent in July on strong demand for its SUVs. The company reported total July sales of 212,236, making it Ford's best July in eight years. Ford's Lincoln luxury brand was up 14 percent as its new small SUV, the MKC, arrived at dealerships.

  • Harley recalls bikes for ignition switch problem Friday, 1 Aug 2014 | 8:24 AM ET

    DETROIT— Ignition switch problems that have plagued General Motors and Chrysler have now turned up in the motorcycle business. Harley-Davidson is recalling more than 4,500 FXDL Dyna Low Rider bikes worldwide because engine vibration can turn the switches from "on" to "accessory."

  • 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.

  • Chrysler US sales climb 20 percent in July Friday, 1 Aug 2014 | 6:29 AM ET

    AUBURN HILLS, Mich.— Chrysler says its U.S. sales rose 20 percent in July from a year ago, its best performance for the month in nine years. The automaker said Friday that it sold 167,667 vehicles in the U.S. during the month compared with 140,102 in the prior-year period.

  • GM boosted June sales with discounts to dealers Friday, 1 Aug 2014 | 2:01 AM ET

    As General Motors tackles a safety crisis, a look its numbers from June show just how intent the company is on keeping new-car sales on the rise during a record spate of safety recalls. The Detroit automaker has recalled nearly 30 million cars and trucks this year, including some models that had barely rolled off the assembly line.

  • 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.

  • Tesla says decision on battery factory months away Thursday, 31 Jul 2014 | 4:42 PM ET

    RENO, Nev.— Electric car maker Tesla Motors said Thursday that it is preparing a site near Reno, Nevada, as a possible location for its new battery factory, but is still evaluating other sites. Tesla said it broke ground on the Nevada site in June. California, New Mexico, Arizona and Texas are also in the running.

  • 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.

  • July 31- Kellogg Co, the world's largest maker of breakfast cereal, cut its full-year adjusted sales and profit forecasts as demand for its Corn Flakes and Special K cereals continued to wane in the United States, its biggest market.


  • DETROIT, July 31- Delphi Automotive Plc reported stronger-than-expected second-quarter profit on Thursday, but offered a forecast for the third quarter that could fall short of analysts' expectations, and shares fell 0.4 percent in morning trading.