Ford is recalling nearly 435,000 cars to fix rusting frame parts or faulty seats.» Read More
*Porsche product drive faced scepticism among fans. MILAN, April 14- As Fiat Chrysler moves to reinvent its small Maserati brand as a serious rival to the world's luxury car makers, the pressure to succeed is all the greater for the startling success of Germany's Porsche.
DETROIT— General Motors is replacing the executives in charge of communications and human resources as it struggles with a string of embarrassing recalls that have led to congressional hearings and federal investigations.
DEARBORN, Mich.— AAA Michigan says gasoline prices have risen about 6 cents during the past week to a statewide average of about $3.71 per gallon. Of the cities it surveys, AAA Michigan says the cheapest price for self-serve unleaded fuel is in the Traverse City area, where it's about $3.64 a gallon.
WASHINGTON- For a bunch of people who just agreed the global economy is doing better, top officials from the world's rich and poor nations sound rather worried. -IMF-ECONOMY/, moved, by Jan Strupczewski and Krista Hughes, 870 words. PARIS- Two years ago, Greece's debt crisis almost brought the euro zone crashing down.
*Congress probes automaker's failure to fix until 2014.
DETROIT— Documents released by a House subcommittee show that managers and employees at General Motors were often slow to react to safety problems— and that one part of GM often didn't know what another was doing.
WASHINGTON/ DETROIT, April 11- Documents made public on Friday by a U.S. House of Representatives committee provided fresh details on General Motors Co's awareness of problems surrounding ignition switches in millions of its cars- long before the Detroit automaker recalled the vehicles.
KITIMAT, British Columbia, April 11- A small Canadian town's vote on whether to back Enbridge Inc's proposed Northern Gateway oil pipeline could have a far greater impact on the country's energy industry- and future economic health- than its advisory status might suggest.
DETROIT, April 11- Detroit's plan to get out of bankruptcy cleared a major hurdle on Friday when a U.S. Bankruptcy Court judge approved the cash-strapped city's third attempt at settling costly interest-rate swap agreements with two investment banks.
DETROIT— Shares of General Motors Co. sank to a 10- month low Friday amid continuing fallout from a mishandled recall of 2.6 million small cars. The stock fell $1.37, or 4.1 percent, to close at $31.93, with most of the decline in the middle of the afternoon.
DETROIT— U.S. safety regulators have decided against seeking a recall of Ford F-150 pickup trucks after investigating complaints about reduced power in EcoBoost engines. The National Highway Traffic Safety Administration says it closed a probe started in May.
DETROIT— Detroit can move ahead with a plan to settle a ruinous multimillion-dollar debt with two banks for $85 million, a judge said Friday as he also urged the bankrupt city and other creditors to reach more deals. Bankruptcy Judge Steven Rhodes signed off on the agreement to pay UBS and Bank of America.
SYDNEY, April 11- London nickel eased back from one year highs on Friday but was set to log its ninth weekly gain in 10 weeks, as a ban on ore exports from Indonesia fuelled rising prices for the stainless steel material.
SINGAPORE, April 11- Gold was trading near its highest in 2-1/ 2 weeks on Friday, and looked set to log its best week in a month on weaker equities and increasing hopes that the U.S.
DETROIT, April 10- Investors' concerns about ongoing turmoil at General Motors Co, linked to the deaths of at least 13 people, could push the automaker's shares below GM's $33 IPO price for the first time since last June. The stock last dropped below $33 on June 28 last year.
*U.S. crude fell 17 cents to $103.23 a barrel as of 0006 GMT after settling 20 cents down at $103.40 per barrel on Thursday. *Brent shed 13 cents at $107.33 a barrel after ending 52 cents lower at $107.46 a barrel.
DETROIT— General Motors has to repair another part on the 2.6 million small cars already being recalled for an ignition switch defect. GM on Thursday said it expects to take a charge of $1.3 billion in the first quarter, up from an earlier estimate of $750 million.
April 10- General Motors Co said it has placed two engineers on paid leave as part of an internal investigation into defective ignition switches linked to 13 deaths and the global recall this year of 2.6 million cars. Reuters has confirmed that the engineers are Ray DeGiorgio and Gary Altman.
The Detroit- based auto lender is the former financing arm of General Motors. It was nearly wrecked years ago by bad subprime mortgages through its Residential Capital unit and received a $17.2 billion bailout by the U.S. government during the financial crisis.
WASHINGTON, April 10- U.S. lawmakers investigating General Motors' slow recall of 2.6 million cars are zeroing in on engineers and others who may have been aware of problems with ignition switches linked to at least 13 deaths.