WASHINGTON— Midwest retailer Meijer Inc. will pay $2 million to settle charges that the firm knowingly sold and distributed hundreds of recalled products. The Consumer Product Safety Commission says Meijer distributed at least a dozen different recalled products— from toys to vacuum cleaners— through a system it operated with a third-party contractor.» Read More
It says drivers may continue to use the vehicles, but should contact BMW immediately if they see an engine warning light.
General Motors is announcing it's widening the Q1 charge it will take to repair its recalled vehicles, reports CNBC's Phil LeBeau. The company will also be adding an ignition lock to all of the recalled vehicles.
GM will take a $1.3 billion charge against first quarter profit, stemming from the massive vehicle recall that has battered GM for weeks.
April 10- German carmaker BMW said it would voluntarily recall more than 156,000 vehicles in the United States, including its popular 3 Series compact sedan, to check for potentially defective bolts that could lead to engine damage.
April 10- German carmaker BMW said it has informed the U.S. National Highway Traffic Safety Administration that it intended to voluntarily recall about 156,137 vehicles in the country.
General Motors has placed two engineers on leave related to the ignition switch recall, reports CNBC's Becky Quick.
GM put two engineers on paid leave on Thursday, as an attorney investigates why the company took more than 10 years to recall millions of cars.
Koji Endo, Managing Director at Advanced Research, estimates the impact of Toyota's recall to be around 50 to 60 billion yen, which is small compared to the firm's expected income.
Jason Moser, Senior Analyst at The Motley Fool, calls Toyota Motor's latest recall "preemptive" and says it could prompt automakers to be more proactive in the future.
*Toyota gives no cost estimate for recall. Toyota, the world's biggest automaker said, it was not aware of any crashes or injuries caused by the glitches, which were found in 27 Toyota models including the RAV4 and Yaris subcompact.
Toyota announced it's recalling 6.76 million vehicles for a variety of problems spanning 30 different car models, reports CNBC's Phil LeBeau.
GM is getting fined $7,000 every day for not providing enough answers about its ignition switch recall. The "Squawk on the Street" news team discusses the stock value of the automaker.
*Toyota gives no cost estimate for recall. TOKYO, April 9- Toyota Motor Corp said on Wednesday it would recall 6.39 million vehicles globally for faults affecting various parts ranging from steering to seats in the company's second-largest recall to date.
WASHINGTON, April 8- The National Highway Traffic Safety Administration said on Tuesday it was fining General Motors $7,000 a day for missing an April 3 deadline to respond to the U.S. agency's request for information about the automaker's recall of 2.6 million cars for defective ignition switches.
GENERAL MOTORS CO SAYS IT HAS "FULLY COOPERATED" WITH U.S.
SAFETY REGULATOR SAYS GENERAL MOTORS IN VIOLATION OF ITS ORDER TO FULLY ANSWER 107 QUESTIONS ABOUT ITS RECALL OF CARS.
General Motors will add 1,400 jobs in Michigan, including adding a second shift at a plant where it will built the redesigned Chevrolet Volt
A federal judge in Texas is deciding whether General Motors should tell customers to stop driving recalled vehicles, reports CNBC's Eamon Javers.
NEW YORK, April 4- A lawsuit accusing Lululemon Athletica Inc of defrauding shareholders by hiding defects in its yoga pants that led to a costly recall should be dismissed, a U.S. judge has concluded. That culminated in a March 2013 recall and a loss of roughly $2 billion of market value.
CEO Mary Barra told Congress that GM will provide free loaners for owners of recalled cars. But that news is hidden from consumers, lawyers say.