April 17- Plaintiffs' lawyers are seeking to draw Continental Automotive Systems US, the maker of airbag systems in recalled General Motors Co vehicles, into litigation over an ignition-switch defect that has been linked to 13 deaths.» Read More
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.
BERLIN— German automaker BMW is issuing a worldwide recall of many models of cars with certain six-cylinder gas motors after identifying a problem with a bolt used in the engine. The company said Friday that a recall started in China last week has now been extended worldwide, affecting 489,000 vehicles, including 156,000 in the U.S.
It says drivers may continue to use the vehicles, but should contact BMW immediately if they see an engine warning light.
DETROIT— General Motors has to repair another part on the 2.6 million small cars already being recalled for an ignition switch defect. GM on Thursday said it expects to take a charge of $1.3 billion in the first quarter, up from an earlier estimate of $750 million.
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.
DETROIT— General Motors has suspended two engineers in the first disciplinary action stemming from its mishandled recall of more than 2 million small cars for a deadly ignition switch problem. But the company also said a second ignition part in the cars must be fixed, boosting first-quarter recall costs above $1 billion.
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 Motor Corp. said Wednesday it's recalling 6.39 million vehicles globally for various safety defects. Vehicles were made between June 2004 and December 2010. PLACES SOLD: Mostly North America, but also Japan, China, Europe, India and elsewhere.
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.