The sweatshirts were sold at Kroger and Fred Meyer supermarkets nationwide between June and August for about $18. Both stores are owned by The Kroger Co., which is based in Cincinnati. The recalled sweatshirts have a front zipper and were made in Pakistan by Mira Loma, California- based Active Apparel.» Read More
General Motors CEO Mary Barra testified on April 1 senior level of the company learned about the faulty switch after the recall was made on January 31st. Reuters is reporting GM CEO Barra received an email in 2011 discussing steering problems in troubled GM models that were later recalled.
GM CEO Mary Barra may have known more about car problems than she told Congress last week, reports CNBC's Phil LeBeau.
Alec Gutierrez, Kelley Blue Book senior market analyst, weighs in on the evidence that General Motors may have known of problems in models that were recalled in 2011.
CNBC's Phil LeBeau reviews an email by GM engineer John Hendler about the price cost of replacing ignition switches.
SAFETY REGULATOR SAYS IN 2013 EMAIL TO GM THAT THE AUTOMAKER IS "SLOW TO COMMUNICATE, SLOW TO ACT" ON DEFECTS AND RECALLS.
CNBC's Phil LeBeau reports GM CEO Mary Barra received an email in 2011 about steering problems in GM cars.
According to Reuters, General Motors CEO Mary Barra received an email in 2011 discussing steering problems in troubled General Motors models, reports CNBC's Phil LeBeau.
UPTON SAYS' MUCH LEFT TO EXAMINE' IN CONGRESSIONAL INVESTIGATION OF GM'S SLOW RECALL OF AUTOS.
Five Senate Democrats urged the Justice Department to oppose efforts by GM to skirt financial responsibility on its recall.
WASHINGTON, April 11- A group of U.S. senators on Friday urged the Department of Justice to oppose any efforts by General Motors Co to skirt financial responsibility related to the company's failure to promptly recall vehicles with ignition switch problems linked to 13 deaths.
BMW is issuing a worldwide recall of many models of cars with certain 6-cylinder motors after identifying a problem with a bolt used in the engine.
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.