The victim compensation expert raises the death toll from crashes involving GM cars with faulty ignition switches from 13.» Read More
Sept 22- The number of deaths linked to a faulty ignition switch in General Motors Co vehicles rose by two last week to 21, according to a report Monday from a lawyer overseeing a program to compensate victims of accidents caused by the recalled part.
DETROIT— The death toll from crashes involving General Motors small cars with faulty ignition switches is at least 21.. Attorney Kenneth Feinberg, who was hired by the company to compensate victims, said Monday in an Internet posting that he received 143 death claims as of Friday, and 21 of those have been deemed eligible for payments.
Ford Motor Co. fell$. 12 or. 7 percent, to $16.53. General Motors Co. fell$. 60 or 1.8 percent, to $33.34. Honda Motor Co. rose$. 24 or. 7 percent, to $34.70.
BEIJING/ SHANGHAI, Sept 22- Nissan Motor Co Ltd said on Monday it had set up a joint venture to manufacture and market its Infiniti brand in China, seeking to cash in on higher demand for understated luxury sedans in the world's biggest auto market.
HAMMOND, Ind.— Workers at a Lear Corp. plant in northwestern Indiana that makes automotive seats approved an agreement Sunday that will end a two-tiered pay system that left some workers earning much less than others.
DETROIT— General Motors is recalling 221,558 Cadillac XTS and Chevrolet Impala sedans because the brake pads can stay partially engaged even when they're not needed, increasing the risk of a fire. The recall involves Cadillacs from the 2013-2015 model years and Impalas from the 2014 and 2015 model years.
Jeb Bush entered the Florida governor's mansion in 1999 with a net worth of $2 million, a relatively modest fortune compared with others in the Bush family. He is on the boards of four companies, including Tenet Healthcare Corp. and Rayonier Inc., a real estate investment trust that owns large swaths of forestland.
Ford Motor Co. rose$. 07 or. 4 percent, to $16.65. General Motors Co. fell$. 09 or. 3 percent, to $33.94. Honda Motor Co. fell$. 07 or. 2 percent, to $34.46.
NEW YORK— Alibaba debuted as a publicly traded company Friday and swiftly climbed more than 40 percent in a mammoth IPO that offered eager investors seemingly unlimited potential for growth and a way to tap into the burgeoning Chinese middle class.
NEW YORK, Sept 19- Alibaba Group Holding Ltd's shares soared 38 percent in their first day of trading on Friday as investors jumped at the chance for a piece of what is likely to rank as the largest IPO in history, in a massive bet on China's burgeoning middle class.
Alibaba expected to rise in trading debut on heavy interest. NEW YORK- Alibaba Group Holding Ltd's shares surge 41 percent to $96.02 on their first day of trading as many investors who received fewer shares than hoped lined up orders to buy what looks likely to be the largest IPO in history. Wall St rises as Scots stay in UK, Alibaba debuts.
Ford Motor Co. rose$. 08 or. 5 percent, to $16.66. General Motors Co. rose$. 14 or. 4 percent, to $34.17. Honda Motor Co. fell$. 05 or. 1 percent, to $34.48.
First sales in the United States are likely by the end of 2015, and sales in China about the same time, said Cadillac spokesman David Caldwell. If there is a lag between introduction in the United States and China, it will be a short one, he said.
DETROIT, Sept 19- As it strives to energize its Cadillac brand that once dominated the U.S. luxury auto market, General Motors Co said on Friday it will begin production of a new "top-end, high-technology car" by the end of 2015.. Its public debut will be in the first half of 2015. It will be built at GM's Detroit- Hamtramck plant.
DETROIT— General Motors will begin building a new, top-end Cadillac sedan late next year at its Detroit- Hamtramck assembly plant. The new Cadillac is part of a $384 million investment GM announced last spring in the assembly plant, which straddles the border of Detroit and the enclave of Hamtramck.
Ford Motor Co. rose$. 05 or. 3 percent, to $16.58. General Motors Co. rose$. 18 or. 5 percent, to $34.03. Honda Motor Co. rose$. 60 or 1.8 percent, to $34.53.
Fares Noujaim, an executive vice chairman at Bank of America has left the company abruptly.
The big vehicles that were blasted during the recession as gas-guzzling behemoths are now the hottest in showrooms.
Ford Motor Co. fell$. 01 or. 1 percent, to $16.52. General Motors Co. rose$. 15 or. 4 percent, to $34.00. Honda Motor Co. rose$. 51 or 1.5 percent, to $34.44.
NEW YORK, Sept 18- If history is any guide, investors who miss out on getting a slice of Alibaba's massive initial public offering may want to think twice about jumping into the stock once it hits the New York Stock Exchange.