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  • Newswire

    Dealers Facing Fallout From GM Recall Crisis  

    A survey of GM dealerships shows retailers are concerned sales will suffer because of the ignition-switch defect that has prompted a massive recall, sparked car-owner anxeity and threatened to create a repair backlog....More
  • Newswire

    UPDATE 2-U.S. senator accuses GM of 'culture of cover-up' in recalls  

    * Sen. Ayotte accuses GM of "criminal" behavior * GM CEO says internal probe could be done in 45-60 days (Adds Senators' comments from the hearing) By Ben Klayman and Eric Beech WASHINGTON, April 2 (Reuters) - General Motors Co CEO Mary Barra came under withering attack for her company's decade-long failure to deal with defective parts linked to fatal crashes, in a hearing where U.S. Senators accused the company of "criminal" behavior and "a culture of cover-up."...More
  • Newswire

    Brake Problem Prompts Recall of Nearly 870,000 Chrysler SUVs  

    Addressing consumer complaints about excessive brake-pedal firmness, the automaker says the recalled models will be fitted with a shield to protect brake boosters against corrosion caused by water exposure....More
  • Newswire

    RPT-Families of GM crash victims bring their anguish to Washington  

    (Repeats to add video link) By Julia Edwards WASHINGTON, April 1 (Reuters) - Standing on the lawn of the U.S. Capitol on Tuesday morning in the path of an early spring breeze, Renee Trautwein tearfully braced herself to relive the worst morning of her life. In a few hours, Mary Barra, the chief executive officer of General Motors, would be pressed to answer why the largest U.S. automaker did not act sooner to fix an ignition switch defect that can suddenly leave certain models of its cars without power....More
  • Newswire

    Congressional Probe Shows GM Lags on Reporting Ignition-Switch Defect  

    Democrats on the House committee that is holding hearings on GM's response to the ignition-switch defect, say the automaker has not yet reported to federal regulators the "vast majority" of consumer complaints about the issue....More
  • Newswire

    U.S. Congress Opens Hearings Into GM Defect Controversy  

    Information provided to the House Energy and Commerce Committee includes documents indicating GM decided to install ignition switches that fell short of its own specifications in certain models....More
  • Newswire

    Owner of Russian Steel Maker Sees Troubled 2014 for Industry  

    Alexei Mordashov, owner of Russia's second-biggest steel maker, says flat prices, sluggish demand and overcapacity will keep nearly two-thirds of global producers cashflow-negative....More
  • Newswire

    UPDATE 2-Tesla to raise $1.6 bln to build battery factory  

    By James B. Kelleher Feb 26 (Reuters) - Tesla Motors Inc said on Wednesday it plans to raise $1.6 billion from investors to finance a new battery factory that will help the upstart U.S. automaker reach its goal of producing a lower-priced, mass-market electric car by 2017....More
  • Newswire

    UPDATE 2-Panasonic considers investing in $1 bln Tesla battery plant -sources  

    * Battery 'giga factory' for electric cars would be a first for U.S. * Plant due on-stream in 2017, key for next-generation Tesla car * Panasonic looking for other supplier partners for plant -Nikkei * Tesla has said it would announce details on plant this week...More
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