Despite lackluster sales, General Motors is not backing down from its commitment to the Chevy Volt.» Read More
DETROIT, May 9- Fiat Chrysler Automobiles' Chrysler unit said on Friday it was recalling an estimated 780,477 minivans after reports of overheating, including some fires, in third-row power window vent switches. "Some incidents involved fire, many did not," Chrysler spokesman Eric Mayne said.
DETROIT, May 9- Hyundai Motor Co will introduce a new version of its Tucson next year and believes it can double U.S. sales of the crossover utility vehicle thanks to greater availability from South Korea, a top executive said.
May 9- A U.S. judge said Wal-Mart Stores Inc does not deserve dismissal of a lawsuit claiming it defrauded shareholders by concealing suspected corruption at its Mexico operations, even after learning that a damaging media report detailing alleged bribery was being prepared.
May 9- Wal-Mart Stores Inc should face a U.S. lawsuit accusing it of defrauding shareholders by concealing suspected corruption at its Mexico operations, even after learning that a damaging media report detailing alleged bribery was being prepared, a federal judge said.
May 9- Wal-Mart Stores Inc should face a U.S. shareholder lawsuit accusing it of concealing suspected corruption at its Mexico operations, even after learning that a damaging media report was being prepared for publication, a federal judge said.
Advancing the first legislative effort at surveillance reform since former contractor Edward Snowden disclosed the program a year ago, the House of Representatives Intelligence Committee unanimously approved by voice vote the " USA Freedom Act."
DETROIT, May 8- The headquarters of the newly merged Fiat Chrysler Automobiles will be moved to London, Chief Executive Sergio Marchionne clarified on Thursday, cementing a politically sensitive shift away from Italy, Fiat's home for the past 115 years.
*Plans to produce Jeep in China and India as of next year. DETROIT, May 8- If Fiat Chrysler Automobiles wants to become a significant force in Asia, it needs to succeed in China. It lags far behind rivals that are truly global players, including Toyota Motor Corp, Volkswagen AG, General Motors Co and Ford Motor Co..
May 7- General Motors Co has re-hired Steve Harris, its top spokesman during the automaker's slide into bankruptcy, as it faces a new public relations crisis caused by a deadly ignition defect that has forced it to recall 2.6 million vehicles. The move, first reported by The Wall Street Journal, will be "on a contract basis for a limited time," Martin added.
DETROIT, May 7- Tesla Motors Inc, led by billionaire Elon Musk, on Wednesday offered an outlook for the second quarter that disappointed some investors, sending shares down 7 percent in after-hours trading. The Palo Alto, California- based company reported a first-quarter net loss of almost $50 million, compared with last year's first-ever quarterly profit.
Ford says it will buy back up to about 116 million shares of company stock worth about $1.8 billion.
DETROIT, May 7- Tesla Motors Inc, led by billionaire Elon Musk, on Wednesday said plans for its new lithium-ion battery plant were on track but its outlook for the second quarter disappointed some investors, sending shares down more than 6 percent in after-hours trading.
DETROIT, May 7- Tesla Motors Inc, led by billionaire Elon Musk, on Wednesday posted a higher-than-expected quarterly operating profit and the electric car maker said its plans for a new battery plant are on track.
MILAN/ PARIS, May 7- Fiat Chrysler shares fell sharply on Wednesday as analysts questioned whether it could achieve the targets of Chief Executive Sergio Marchionne's new strategy for the carmaker- and how the plan would be funded.
MILAN, May 7- Shares in Fiat Chrysler dropped in early Wednesday trading, handing back some of their recent gains, as analysts expressed scepticism over a new business plan aimed at boosting sales 60 percent by 2018 and almost wiping out debt.
DETROIT, May 6- Fiat Chrysler said on Tuesday it expects to increase its net profit fivefold by 2018 to around 5 billion euros, boosted by a major increase in sales of its Jeep SUVs and an overhaul of its sporty Alfa Romeo brand.
*Fiat Chrysler presenting 5- year business plan in Detroit. The newly-merged group outlined a long-awaited business plan on Tuesday, aiming to revive its two historic carmaking names and persuade investors it can overcome high debts, an uncertain market backdrop and past missteps to close the gap on industry leaders such as Volkswagen and Toyota.
DETROIT, May 6- General Motors Co's defective ignition switch that has been linked to at least 13 deaths also was the subject of an unrelated 2006 technical service bulletin to U.S. dealers related to the inability of some Saturn Ion owners to start their cars.
May 5- A Las Vegas suburb is grappling with financial problems similar to those that tipped the cities of Detroit, Harrisburg, Pennsylvania and Stockton, California, into insolvency, Fitch Ratings said on Monday.
Cheboygan, Michigan, May 5- Natural gas giant Encana Corp has agreed to pay Michigan $5 million in a settlement that could clear the company of criminal antitrust charges stemming from its role in a 2010 land leasing spree.