The day of reckoning in Chicago is approaching, putting Democratic Mayor Rahm Emanuel in a difficult position with unions.» Read More
DETROIT, July 1- U.S. safety regulators closed an investigation into defective engine cables in more than 467,000 Ford Taurus and Mercury Sable cars after Ford Motor Co said it would fix the problem without issuing a recall.
June 30- Alabama's Jefferson County on Sunday filed a negotiated restructuring plan to wind up America's largest municipal bankruptcy and lock in losses of as much as 70 cents on the dollar for JPMorgan Chase and other Wall Street creditors.
DETROIT, June 28- Honda Motor Co's U.S. subsidiary will recall more than 143,000 subcompact cars to replace faulty window switches that pose a potential fire hazard, the Japanese automaker said Friday.
*Monthly sales rate could hit highest level since December 2007. DETROIT, June 28- U.S. car dealers like Don Kerstetter have every reason to be happy these days as the industry is partying like it's 2007-- facing demand not seen since before a recession that drove General Motors and Chrysler into bankruptcy.
DETROIT, June 28- The battle in six-cylinder pickups takes an interesting twist this fall with the launch of the 2014 Ford F-150 Tremor and the 2014 Ram 1500 EcoDiesel.
DETROIT, June 28- Ford Motor Co. said Friday it is recalling more than 13,100 Ford Explorer, Taurus and Lincoln MKS models because the child safety locks on the rear doors may not work properly. The affected vehicles were built at the automaker's Chicago Assembly Plant between Nov. 29, 2012 and Dec. 12, 2012. Most of the recalled vehicles are located in North America.
DETROIT, June 28- Chrysler Group LLC said it began commercial production this week of its all-new 2014 Jeep Cherokee in Toledo, Ohio. The 2014 Cherokee, which shares many of its mechanical components with Chrysler's Dodge Dart sedan, will begin reaching U.S. dealers in August, according to Jeep boss Mike Manley. Chrysler is an affiliate of Fiat SpA.
June 27- Detroit's emergency manager issued a flurry of announcements on Thursday addressing union contracts, power distribution and an errant council president as he steps up the pace of efforts to tackle the city's massive $18.5 billion debt problem.
BIRMINGHAM, Ala., June 27- Alabama's Jefferson County on Thursday approved another negotiated settlement covering $138 million of creditors' claims as the local government put finishing touches on a plan to wind up America's biggest municipal bankruptcy.
WASHINGTON, June 27- The Senate's top Democratic and Republican tax-writers, undertaking a rewrite of the U.S. tax code, on Thursday challenged their Senate colleagues to justify keeping popular tax breaks versus lowering rates.
WASHINGTON, June 27- The Senate's top Democratic and Republican tax-writers, undertaking a rewrite of the U.S. tax code, on Thursday challenged their Senate colleagues to justify keeping popular tax breaks, with the aim of debating legislation after the August recess.
*Combining Peugeot and Opel would hit political opposition. LONDON/ PARIS, June 27- PSA Peugeot Citroen's founding family has offered to give up control of the troubled French automaker as it tries to revive plans for a closer tie-up with General Motors backed by a fresh capital injection, sources said.
MEXICO CITY, June 26- General Motors Co outlined plans on Wednesday for investing $691 million to expand its Mexican operations, including the previously unannounced expansion of its Toluca engine plant.
*Bill Ford now owns about 8.1 million Class B shares. DETROIT, June 26- Bill Ford Jr, executive chairman of Ford Motor Co and great-grandson of the company's founder, nearly doubled his holdings in a special class of supervoting shares that gives the Ford family more sway over the automaker's direction.
*GM hopes to communicate Chevy, Opel differences more clearly. GM Chief Executive Dan Akerson told reporters on Wednesday that the Detroit company needed a "fresh perspective" for the Chevy brand in Europe, including a reassessment of how Chevy and Opel fit together in terms of price, vehicle content and where the brands are sold.
WARREN, Mich., June 26- General Motors Co's introduction of its redesigned full-size pickup trucks, which are critical to boosting profits, has probably been the U.S. automaker's smoothest product launch ever, Chief Executive Officer Dan Akerson said on Wednesday.
WARREN, Mich., June 26- General Motors Co's launch of its redesigned full-size pickup trucks, which are critical to boosting profits, has been probably the best ever at the U.S. automaker so far, Chief Executive Dan Akerson said on Wednesday.
June 26- Ohio's Republican governor, John Kasich, is no fan of President Barack Obama's health reform law.
The search for food prepared according to Islamic law at fast-food restaurant chains just got a little trickier this week.
June 25- Puerto Rico's turquoise Caribbean waters lap white sandy beaches under year-round sun, making the island a safe place to relax.