Automobiles and Components
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*GM finishes ahead of Japanese rivals Toyota, Honda. *Toyota, Honda remain highly ranked. DETROIT, June 19- General Motors Co. vehicles won eight awards in the annual J.D. Power& Associates survey of initial quality, a marked improvement since the largest American automaker turned itself around after a 2009 bankruptcy.
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So do his financial backers, which include a General Motors former chief executive and an auto dealer who previously owned the NFL's Minnesota Vikings. Tred, which officially launches in the Seattle area on Wednesday, will deliver almost any vehicle to a potential buyer for $19 a car.
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SHANGHAI, June 19- General Motors Co's strategy to make its 110- year-old Cadillac brand one of China's top-selling luxury rides went up a gear on Wednesday as the U.S. automaker unveiled plans to expand its retail network in the world's largest car market.
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DETROIT, June 18- Chrysler Group LLC said it would recall 2.7 million older Jeep models after initially fighting a recall request from U.S. regulators in a dispute over crash protection for their fuel tanks.
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NEW YORK-- Continued competition from sales of relatively affordable new vehicles and a growing wholesale market supply will pressure used vehicle prices, Fitch Ratings said Tuesday. Fitch said the trend is a return to more "reasonable values" from higher ones.
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DETROIT, June 18- Chrysler Group LLC gave in to government pressure and said it would recall 2.7 million older Jeep models, after initially fighting a recall request from U.S. regulators. While Chrysler stood by its assertion that the vehicles are not defective, the automaker acknowledged consumer apprehension about vehicle safety.
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Chrysler has issued a voluntary recall for 2.7 million Jeep Grand Cherokee and Liberty vehicles. The automaker says they're safe to drive: What should owners do?
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Figures on Tuesday from the Association of European Carmakers showed Germany, France and Italy, accounting for about half of the embattled region's sales, suffered declines at or near double-digit percentage levels.
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DETROIT, June 18- U.S. safety regulators say they have opened an investigation into problems on two models of Suzuki Motor Corp vehicles for potentially malfunctioning warning lights for front passenger seats. The "preliminary evaluation" opened by NHTSA affects an estimated 205,000 vehicles in the United States.
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*Berlin pressuring member states to weaken rules- sources. With EU governments and lawmakers aiming to finalise the rules next week, which most of the 27 member states back, Germany has stepped up the pressure on them to water down limits on vehicle emissions to protect the country's mighty car industry, particularly luxury makers such as BMW and Daimler.
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Chrysler is expected to file papers explaining its refusal to recall 2.7 million older Jeep SUVs that are at risk of catching fire in rear-end collisions.
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NEW YORK/ DETROIT, June 17- Johnson Controls Inc is speaking to private equity firms about selling its roughly $1 billion automotive electronics unit, after buyout interest from many rival auto parts suppliers faltered, according to several people familiar with the matter.
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NEW YORK/ DETROIT, June 17- Johnson Controls Inc is speaking to private equity firms about selling its roughly $1 billion automotive electronics unit, after buyout interest from several rival auto parts suppliers faltered, according to several people familiar with the matter.
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General Motors is recalling 231,000 more SUVs because of a fire risk, with CNBC's Michelle Caruso-Cabrera.
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CHENNAI, India, June 17- Ford Motor Co began shipping its locally-made EcoSport compact SUV on Monday, hoping to share in growing demand in India for mini-sport utility vehicles, which are popular due to heavy traffic, scarce parking and bumpy roads.
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DETROIT, June 17- General Motors Co on Monday named a new head for its North American manufacturing, replacing an executive who last week was assigned to cut waste at the U.S. automaker.
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General Motors is recalling about 231,000 more sport utility vehicles that might be in danger of an electrical short that could cause a fire.
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DETROIT, June 14- Chrysler Group LLC, the U.S. automaker controlled by Italy's Fiat, will freeze its U.S. pension plans for some 8,000 white-collar workers hired before 2004 on Dec. 31.
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*BMW unit in tax probe, others raided over pricing- media. SEOUL, June 14- Recent free trade deals have helped foreign premium-brand automakers such as BMW and Mercedes-Benz drive up sales in South Korea, previously a heavily protected market dominated by Hyundai Motor and affiliate Kia Motors. "Korea is a highly protected market.
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DETROIT, June 13- Ford Motor Co may branch out and develop new models for Lincoln in fast-growing vehicle segments as part of the second-largest U.S. automaker's latest attempt to revive the struggling luxury brand and boost its profits.
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Boston, June 13- The car is the next great proving ground for communications technology, General Motors Co Chief Executive Dan Akerson said on Thursday. The automobile will become a major platform for tech "and one with far better battery life than an iPhone," he said in prepared remarks to the Chief Executives' Club of Boston.
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