Documents posted on NHTSA's website over the weekend show another delay by GM in recalling unsafe vehicles, reports CNBC's Phil LeBeau.» Read More
Ford Motor Co. rose$. 04 or. 3 percent, to $16.04. General Motors Co. fell$. 03 or. 1 percent, to $33.95. Honda Motor Co. fell$. 41 or 1.2 percent, to $33.76.
DETROIT, April 21- U.S. safety regulators closed a four-year probe into power steering problems in almost 335,000 older Saturn Ions after General Motors Co recalled the cars, which are also part of an unrelated recall of defective ignition switches linked to at least 13 deaths.
Some of the names on the move ahead of the open.
CNBC's Phil LeBeau reports new documents show the automaker waited years to recall nearly 335,000 Saturn Ions for power steering problems.
BEIJING, April 21- Toyota Motor Corp is considering significantly expanding its production capacity in China as is seeks to catch up with global rivals in the world's largest auto market, a senior executive said on Monday.
Ford says the key to its success in the market has been its wide range of product offerings that allow it to effectively target first-time buyers.
Speaking to CNBC at the Beijing Auto Show on Sunday, Dan Ammann, President of General Motors, discusses which part of the car market he is most excited about.
General Motors' massive recall of cars has not impacted the automaker's business in China, says President Dan Ammann.
About 150 S&P 500 companies are scheduled to release results this week, in an earnings season that has been mediocre.
*To invest $12 bln and build more plants in China. BEIJING, April 20- U.S. car giant General Motors Corp plans to invest $12 billion in China from 2014 to 2017 and build more plants next year as it competes with aggressive rivals in the world's largest auto market.
BEIJING— The president of General Motors said Sunday that the company and local partners are boosting production capacity for GM-brand vehicles in China to 5 million. General Motors Co. and its Chinese partners are in the midst of what the company has said is a $12 billion investment program through 2017..
SHANGHAI/ BEIJING, April 20- Global automakers are scrambling to meet the demands of China's young urban professionals, who want a car that makes them stand out, yet don't always have the money to splurge on a top-end model.
BEIJING— Ford Motor Co. on Sunday unveiled a new Escort sedan designed in China for global sale at a Beijing auto show that highlighted the growing influence of Chinese tastes on the industry. The Escort goes on sale in China this year, expanding later to other markets, said CEO Alan Mulally.
Several thousand jobs will be lost in Australia by 2017 as the curtain comes down on a century of car manufacturing Down Under.
South Korea's Hyundai Motor on Sunday unveiled its small sport utility vehicle (SUV) concept targeted at the Chinese market.
Toyota Motor aims to double auto sales in China to around 2 million vehicles a year in the future, a senior executive said on Sunday.
BEIJING, April 20- China is set to surpass the United States to become Volvo Car Group's biggest market in 2014 with sales of at least 80,000 cars in the world's largest auto market.
Brands from General Motors Co. to Chinese SUV maker Great Wall Motors are unveiling new and restyled sedans, sport utility vehicles and other models at Auto China 2014 this week. China is the world's biggest auto market, with 17.9 million vehicles sold last year. Nissan Motor Co., looking to China to help drive its global turnaround, will debut a concept sedan.
General Motors waited years to recall nearly 335,000 Saturn Ions for power steering failures despite getting thousands of consumer complaints
DETROIT— General Motors waited years to recall nearly 335,000 Saturn Ions for power steering failures despite getting thousands of consumer complaints and more than 30,000 warranty repair claims, according to government documents released Saturday.