Warren Buffett says there will be another financial crisis "someday," but he'd be "surprised a lot" if global stock prices plunged soon.» Read More
*Equities tumbled on Thursday on rising concerns over Ukraine and Russia and new signs of an economic slowdown in China. Secretary of State John Kerry will seek assurances from Russia on Friday that it will not seek to annex Crimea and will address concerns over Ukraine through negotiation, a senior State Department official said before talks in London.
WASHINGTON-- Former General Motors Chairman and CEO Daniel Akerson is rejoining The Carlyle Group as vice chairman and special adviser to the board. Akerson, 65, previously had been a managing director at Carlyle, serving as head of the private equity firm's global buyout unit from July 2009 to August 2010.
General Motors is facing increasing pressure to compensate victims for an ignition defect that prompted the recall of 1.6 million vehicles.
DETROIT, March 13- U.S. safety regulators have recorded 303 deaths when airbags failed to deploy in 1.6 million compact cars recalled last month by General Motors Co, according to a study released Thursday night by a safety watchdog group.
NEW YORK, March 13- General Motors Co is facing increasing pressure to compensate victims for an ignition defect that prompted the recall of 1.6 million vehicles, even if some would-be plaintiffs are barred from suing the auto maker under the terms of its emergence from bankruptcy in 2009..
DETROIT, March 13- General Motors Co said a new report of 303 deaths in 1.6 million recalled GM cars is based on "raw data." GM said new research on crash deaths in the Chevrolet Cobalt and Saturn Ion by U.S. watchdog group Center for Auto Safety lacks "rigorous analysis.
DETROIT, March 13- U.S. safety regulators have recorded 303 deaths involving non-deployment of airbags in 1.6 million compact cars recalled last month by General Motors Co, according to a new study released Thursday night by a safety watchdog group.
Ford Motor Co. fell$. 22 or 1.4 percent, to $15.18. General Motors Co. fell$. 77 or 2.2 percent, to $34.09. Honda Motor Co. fell$. 72 or 2.0 percent, to $35.84.
The potential risk General Motors faces to future profits because of the multiple investigations into the handling of its ignition switch recall, with Paul Ingrassia, Reuters managing editor.
Transportation Secretary Anthony Foxx on Thursday promised an "aggressive investigation" into whether General Motors was slow to report to the federal government problems with ignition switches in its autos, which have led to 12 deaths.
By 2017, global carmakers will be set up to build 6 million vehicles a year in Brazil even as local sales may struggle to pass 4 million, analysts say. "Everyone jumped on the bandwagon," said IHS Automotive analyst Guido Vildozo, citing oversized ambitions in Brazil after sales averaged 10 percent growth in the past decade.
General Motors CEO Mary Barra inherited the ignition switch recall investigations. Chris Malone, Fidelum Partners managing director, shares his opinions on the impact to the company long-term.
CNBC's Phil LeBeau reports on the multiple investigations taking place into General Motors' handling of its ignition switch recall.
*Car companies spend more on research and development. FRANKFURT, March 13- The car industry's international patent filings jumped 18 percent in 2013, the World Intellectual Property Organisation said on Thursday, in part reflecting a push for new technologies to lower exhaust emissions.
Just how much does "headline risk" impact the company's fundamentals? Efraim Levy, S&P Capital IQ senior automotive industry analyst, is positive on the stock's future.
CNBC's Phil LeBeau reports U.S. Transportation Secretary Anthony Foxx spoke out about General Motors' handling of its ignition switch recall.
Heavy keychains may be to blame for GM's ignition problems. How heavy are your keys?
General Motors is facing multiple investigations into the handling of its ignition switch recall. FMHR traders Pete Najarian and Mike Murphy debate the play on this stock now.
CNBC's Phil LeBeau asked U.S. Transportation Secretary Anthony Foxx whether it's safe to drive General Motors vehicles. LeBeau provides insight on changes made to the timeline of the ignition key recall.
CNBC's Phil LeBeau discusses a Senate committee inquiry into the timing of the GM recall and the need for a next generation radar system to track aircrafts.