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.» Read More
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.
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.
*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.
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.
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.
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.
General Motors is recalling 231,000 more SUVs because of a fire risk, with CNBC's Michelle Caruso-Cabrera.
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.
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.
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.
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.
*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.
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.
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.
MEMPHIS, Tenn.-- Auto parts retailer AutoZone Inc. said Thursday that it is adding to its buyback program with the repurchase up to $750 million in company stock. AutoZone bought back 833,000 shares for about $325 million during its latest fiscal quarter. Shares of AutoZone rose 71 cents to $416.71 in midday trading.
WASHINGTON-- Americans likely stepped up spending at retail businesses in May, helped by another month of strong auto sales. The gain would show consumers remain resilient despite higher taxes and could help drive growth later this year. The Commerce Department will release the report at 8:30 a.m. EDT Thursday.
Among the stock activity stories for Wednesday, June 12, from AP Business News:. _ Shares of Tesla Motors Inc. rose on optimism that the electric car maker will be able to meet production targets for its new models.
DETROIT, June 12- General Motors Co on Wednesday said it is targeting an investment grade credit rating "within the year" as the U.S. automaker works to distance itself from the stigma of its 2009 bankruptcy.
MADISON, Wis.-- Wisconsin's Assembly has passed a bill making changes to the state's lemon law which covers when consumers can sue auto manufacturers. Bill Kramer worked with them and trial attorneys on a compromise. Gary Hebl says the new version is an improvement, but it still hurts consumers.
NEW YORK-- Shares of Tesla Motors Inc. rose Wednesday on optimism about that the electric car maker will be able to meet production targets for its new models.