For the second-straight year, satisfaction with the auto industry is down, according to the latest ACSI report.» Read More
Apple and Google are facing off in a battle over the ultimate mobile device—your car.
Russia may ban car imports, among other things, if the United States and the European Union impose additional sanctions.
YARMOUTH, Maine— A Maine woman who says she suffered a third-degree burn from a heated seat in Chevrolet Suburban has sued General Motors. Emma Verrill says in her suit filed in U.S. District Court in Portland, Maine, that GM failed to adequately test the rear seat heaters to prevent them from reaching "dangerously high temperatures that would burn human flesh."
BEIJING— China's government said Monday it has concluded Mercedes-Benz violated anti-monopoly law and charged excessive prices for parts, adding to a growing number of global automakers snared in an investigation of the industry.
If sharing economy companies are creating jobs of the future, it doesn't mean decent wages and benefits are part of the bargain for workers.
Ford Motor Co. fell$. 12 or. 7 percent, to $17.31. General Motors Co. fell$. 11 or. 3 percent, to $33.84. Honda Motor Co. fell$. 14 or. 4 percent, to $33.96.
NEW YORK, Aug 15- A U.S. judge has appointed two lawyers who led cases against Toyota Motor Corp and a plaintiffs' attorney from Texas to lead litigation against General Motors Co related to a faulty ignition switch that prompted the recall of millions of vehicles this year.
OMAHA, Neb.— In a story Aug. 14 about changes to Berkshire Hathaway's stock portfolio, The Associated Press reported erroneously the company had reduced its stake in engineering and construction firm Chicago Bridge& Iron Co. by 1.1 million shares. Berkshire Hathaway has increased its position in Chicago Bridge& Iron by 1.2 million shares.
Ford Motor Co. fell$. 16 or. 9 percent, to $17.27. General Motors Co. fell$. 22 or. 6 percent, to $33.74. Honda Motor Co. fell$. 25 or. 7 percent, to $33.85.
Tepper, who made an eye-popping $3.5 billion in 2013, shed multiple positions in the second quarter.
Ford Motor Co. fell$. 02 or. 1 percent, to $17.41. General Motors Co. fell$. 09 or. 3 percent, to $33.86. Honda Motor Co. fell$. 04 or. 1 percent, to $34.06.
Elio Motors wants to revolutionize U.S. roads with its tiny car, which is the same length as a Honda Fit but half the weight. Phoenix- based Elio plans to start making the cars next fall at a former General Motors plant in Shreveport, Louisiana.
Aug 14- Top U.S. hedge fund managers did some shopping for shares of discount retailer Dollar General Corp and drug store operator Walgreen Co in the second quarter.
OMAHA, Neb.— Billionaire Warren Buffett's company has revealed a new stake in Charter Communications Inc. and made several other tweaks to its $108 billion U.S. stock portfolio. Berkshire Hathaway Inc. filed an update on its portfolio with the Securities and Exchange Commission Thursday.
Warren Buffett's Berkshire Hathaway added Charter Communications to its stock holdings during the second quarter.
BRASILIA, Aug 14- General Motors Co will invest 6.5 billion reais in Brazil over the next five years, Chief Executive Officer Mary Barra said on Thursday, reaffirming the automaker's long-term plans despite a sharp downturn in the local market.
Auto loans jumped this spring, fueled by a big increase in lending to risky borrowers, according to a new report by the New York Fed.
Daniel Loeb's Third Point added 1 million shares of Dollar General, raising his stake by 33 percent, while Blue Ridge Capital, founded by Tiger Cub John Griffin, nearly doubled its stake in Walgreen when it bought 2.8 million shares.
BRASILIA, Aug 14- General Motors Co will invest 6.5 billion reais in Brazil over the next five years, Chief Executive Officer Mary Barra said on Thursday. Speaking to reporters in Brasilia after meeting President Dilma Rousseff, Barra said the new investment will spent on new products, technology and maintaining plants.
WASHINGTON— U.S. auto loans jumped to the highest level in eight years this spring, fueled by a big increase in lending to risky borrowers, according to a report Thursday by the Federal Reserve Bank of New York. This spring, banking regulators at the Office of the Comptroller of the Currency said that "signs of increasing risk are evident" in auto lending.