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General Motors Co

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  • MILAN, June 23- Fiat Chrysler Automobiles will launch the first of a new range of Alfa Romeo cars on Wednesday, the lynchpin of its turnaround plan and potentially an opportunity to attract a cash-rich merger partner. Chief Executive Sergio Marchionne is betting on the 105- year-old Alfa brand to help FCA take on German rivals BMW, Audi and Mercedes-Benz in the...

  • Senators say Takata may have put profits over safety Monday, 22 Jun 2015 | 4:21 PM ET

    DETROIT— A group of U.S. senators says automotive air bag maker Takata Corp. may have placed profit over safety by halting safety audits of factories. Democratic members of the Senate Commerce Committee made the allegation in a report on the Takata air bag crisis, citing internal company emails showing that the global audits were stopped for financial reasons...

  • The HUGE number you should know, but don't Monday, 22 Jun 2015 | 3:24 PM ET

    Taxpayers sent a record $3 trillion to the federal government last year. Why isn't this a bigger deal?

  • DETROIT— The death toll from faulty ignition switches in General Motors' small cars has risen by three to 117.. Victims' families are being offered compensation of at least $1 million each by attorney Kenneth Feinberg, who was hired by GM last year. GM paid $200 million to settle claims filed with Feinberg as of March 31.

  • Commercial breaks mean mobile usage for TV viewers Monday, 22 Jun 2015 | 1:14 PM ET
    Woman using mobile device while watching tv

    People have pretty much stopped watching commercials and instead just switch to their smartphone, according to new data.

  • ORION TOWNSHIP, Mich., June 22- General Motors Co on Monday announced it will add 300 jobs and spend $245 million for an "all-new vehicle program" at its Orion Assembly plant near Detroit. GM would not reveal the name or type of vehicle program, but said production would begin in three to four years. The investment is part of a previously announced $5.4 billion of...

  • The report, due to be released next week, follows an uproar over faulty General Motors Co ignition switches tied to more than 110 deaths and defective Takata Corp air bag inflators linked to at least eight deaths. It also comes at a time when Transportation Secretary Anthony Foxx and NHTSA Administrator Mark Rosekind are pressing Congress to increase NHTSA's...

  • DETROIT/ BERLIN, June 19- Volkswagen AG expects "limited growth" in the United States over the next two years and will focus on defending the market share it has, the top executive for the region told Reuters, suggesting the German automaker will fall short of an ambitious 2018 sales target. VW's U.S. chief, Michael Horn, downplayed the importance of hitting annual U.S....

  • DETROIT, June 18- Labor costs for union workers are much lower for Fiat Chrysler Automobiles than Detroit rivals Ford Motor Co and General Motors Co, a disparity that United Auto Workers President Dennis Williams said on Thursday he wants to fix. Fiat Chrysler average wage and benefit costs for each production worker is about $48 per hour, compared with about $58...

  • DETROIT, June 18- United Auto Workers President Dennis Williams said on Thursday he wants to enter talks with the three major U.S. automakers to pool active union and nonunion workers and UAW retirees to bargain for lower healthcare costs. Such a pool of about 900,000 people connected to Detroit's three automakers would not mean a single healthcare plan, but...

  • June 18- General Motors Co said on Thursday that Fitch Ratings had raised the credit ratings of both GM and GM Financial to investment grade. The new ratings are' BBB negative' with a stable outlook, GM said. Fitch, the last of the three major ratings agencies to bring GM's credit ratings to investment grade, cited a "fundamental improvement" in the company's core...

  • General Motors credit ratings raised to 'BBB-' by Fitch Thursday, 18 Jun 2015 | 1:59 PM ET

    June 18- General Motors Co said on Thursday that Fitch Ratings raised the credit ratings of both GM and GM Financial to investment grade.

  • DETROIT, June 18- United Auto Workers President Dennis Williams said on Thursday the union has not taken a position on merger comments made by Fiat Chrysler's chief executive, but said he would be against any plan that would cut union-represented jobs. The union is evaluating outcomes of a possible merger of Fiat Chrysler Automobiles with General Motors Co or...

  • JPM's Jimmy Lee always did right thing: Welch Thursday, 18 Jun 2015 | 8:36 AM ET
    Jimmy Lee, vice chairman of JPMorgan Chase.

    "Jimmy was a master of his craft, but he was so much more—he was an incomparable force of nature," JPMorgan head Jamie Dimon said.

  • Early movers: RAD, LUV, CL, FIT, H, JBL & more Thursday, 18 Jun 2015 | 7:51 AM ET
    Traders work on the floor of the New York Stock Exchange.

    Some of the names on the move ahead of the open.

  • Labor case won't help Uber's driver of the future Wednesday, 17 Jun 2015 | 6:29 PM ET
    Google Chairman Eric Schmidt sits in a Google self-driving car at the Google headquarters in Mountain View, California.

    A California decision that Uber drivers are "employees" won't matter once self-driving cars become reality.

  • Are Japanese cars the most reliable? Think again Wednesday, 17 Jun 2015 | 1:00 PM ET
    2015 Toyota Prius

    After years of setting the standard for quality and reliability, Japanese brand autos have dropped below the industry average, according to a new report by J.D. Power and Associates.

  • Hyundai and its Kia affiliate led the industry by the widest margin ever, according to the J.D. Power initial vehicle quality study released on Wednesday. The industry saw its performance improve 3 percent to a rate of 112 problems per 100 vehicles from model year 2015, with the Korean brands at 90, Europeans at 113, and the Japanese and Americans each at 114, J.D....

  • GM uses old Volt batteries to power office building Tuesday, 16 Jun 2015 | 2:30 PM ET

    June 16- General Motors Co said on Tuesday it is using old batteries from its first-generation Chevrolet Volt extended-range electric car for secondary purposes including powering an office building. The company, which is close to launching the second-generation Volt hybrid plug-in car, said repurposed five used batteries from the first-generation Volt...

  • June 16- Kirk Kerkorian, the son of poor Armenian immigrants who used his gambler's instincts to became a multibillionaire Las Vegas casino tycoon, Hollywood mogul, airline owner and auto industry investor, died at age 98.. Three different times- in 1969, 1973 and 1993- Kerkorian built the world's biggest hotel in Las Vegas, the desert gambling capital where he...