The U.S. is threatening fines and legal action against Takata for failing to admit that its driver's-side air bags are defective.» Read More
DETROIT, Nov 5- General Motors Co secured an $11 billion revolving credit facility, more than doubling its financial cushion and further strengthening the balance sheet of the largest U.S. automaker. Thirty-five banks from 14 countries, led by JPMorgan Chase& Co and Citigroup Inc, participated in the deal.
DETROIT, Nov 5- General Motors Co secured an $11 billion revolving credit facility, more than doubling its financial cushion and further strengthening the balance sheet of the largest U.S. automaker. The additional liquidity comes as GM works to stanch losses at its Opel brand in Europe.
DETROIT, Nov 5- General Motors Co said it clinched an $11 billion revolving credit facility, further strengthening the largest U.S. automaker's balance sheet.
NEW YORK, Nov 3- Kim Bondy was in New Orleans seven years ago when Hurricane Katrina devastated the city, and scores of patients died in flooded hospitals cut off from power.
*Combined losses could top $6 bln in Europe in 2012-13. PARIS/ DETROIT, Nov 3- Ford Motor Co, which clung to the road with a timely swerve before the 2009 crisis that bankrupted General Motors Co, may now be pulling a similar stunt in Europe.
Fuel economy errors affect 13 Kia, Hyundai models. The U.S. Environmental Protection Agency found the errors in 13 Kia and Hyundai models from the 2011 to 2013 model years.
HILLIARD, Ohio, Nov 2- President Barack Obama blasted Republican rival Mitt Romney on Friday for running an ad that falsely suggested Jeep was moving production to China, accusing his opponent of stretching the truth to scare voters in the final days of the campaign.
Nov 2- Ally Financial Inc, the auto lender 74 percent- owned by the U.S. government, posted a third-quarter profit compared with a year-ago loss, helped by its car-loan and mortgage businesses. The Detroit- based company, once the auto lending arm of General Motors Co, said it earned $384 million in the quarter, compared with a loss of $210 million a year earlier.
Nov 2- Hyundai Motor Co and its affiliate Kia Motors Corp overstated the gasoline mileage for more than 1 million 2011-2013 model year cars in the United States and Canada, and will offer debit cards to customers to make up the difference.
Nov 2- Penske Automotive Group Inc, the No. 2 U.S. car dealership group, posted a stronger-than-expected quarterly profit on Friday, but shares fell more than 2 percent as gross margins and vehicle pricing disappointed.
Nov 2- Penske Automotive Group Inc, the No. 2 U.S. dealership group, on Friday posted a stronger-than-expected quarterly profit, helped by a 24 percent jump in retail sales of vehicles. Net income in the third quarter fell to $41 million, or 45 cents a share, compared with $55.7 million, or 61 cents a share, in the year-earlier quarter.
WASHINGTON, Nov 2- After the Nov. 6 elections, urgent tax and spending issues must be addressed, forcing Washington's power players to make some tough decisions before the end of the year. Regardless of who wins the Nov. 6 presidential election, Obama will be in the White House during the final months of 2012 when the ``fiscal cliff'' must be dealt with.
Jeep production to China, which the automaker refutes. Ralph Gilles, the head of product design for Chrysler, became the second top Chrysler executive in three days to strongly deny the claim, which was first made by Republican presidential candidate Mitt Romney last week to a crowd in Ohio.
DETROIT, Nov 1- Superstorm Sandy's fury caused U.S. auto sales to fall short of expectations in October, but industry executives still see a strong fourth quarter as the housing market improves.
Ford Motor Co of Canada remained Canada's top-selling automaker in October with total sales increasing 7 percent. Having recorded sales of 135,000 in October, Canada is on track to reach 1.7 million units sold in 2012. Sales reached more than 1.7 million vehicles only once before, in 2002..
*Yen dips as risk appetite increases, Japan outlook weighs. NEW YORK, Nov 1- The U.S. dollar rose against the yen, while commodity-linked currencies also firmed o n T hursday as risk appetite improved after better-than-expected U.S. jobs data, which suggested the world's largest economy was on a more stable path to recovery.
*Ford October sales edge up; Toyota's up 16 pct. While General Motors Co and Chrysler Group LLC both reported their strongest sales for October since the 2007-09 financial crisis, the massive storm that hit the U.S. East Coast took as much as 30,000 vehicle sales out of the mix.
NEW YORK- Huge logistical problems from power failures and navigational hazards roil the massive New York Harbor oil hub in the wake of Hurricane Sandy, threatening widespread delays in fuel deliveries off the New York Mercantile Exchange's futures contracts (STORM-SANDY/CME-DELIVERIES, moving shortly, 800 words).
WASHINGTON, Nov 1- A coalition of hospitals sued the U.S. government on Thursday, claiming that private auditors hired to crack down on improper Medicare payments are denying hospitals hundreds of millions of dollars in legal payments for necessary care.
Nov 1- Ford Motor Co of Canada remained Canada's top-selling automaker in October with total sales increasing 7 percent largely on the back of a nearly 17 percent jump in passenger car sales, the company said on Thursday. Ford of Canada, a wholly-owned unit of Ford Motor Co, said total vehicle sales increased to 20,565 last month from 19,190 in October 2011.