NEW YORK (AP) — Investors got some bad news about the American shopper on Friday, driving down stocks and sending the Dow Jones industrial average to a loss for the week.
Two major U.S. companies — the retail giant Amazon and the credit card processor Visa — both said that the second half of the year was looking more troubled than originally expected. The cautious outlook from two companies so heavily exposed to consumer spending spooked investors, causing the stock market to fall at the open and remain lower throughout the day.
2. US stocks rise at midday on stronger earnings - Friday, July 18, 2014
NEW YORK (AP) — U.S. stocks edged higher in midday trading Thursday as investors digested second-quarter results from companies across several industries, including Facebook, Ford and Caterpillar.3. GM profit 2Q falls 85 pct. on recall costs - Friday, July 18, 2014
DETROIT (AP) — Recall expenses chopped $1.5 billion from General Motors' bottom line in the second quarter, as it added up the costs of repairs for nearly 30 million cars and set aside funds to compensate victims of small-car crashes.4. GM issues 6 more safety recalls - Friday, July 18, 2014
DETROIT (AP) — General Motors is issuing six more recalls covering a total of almost 718,000 vehicles in the U.S.
The latest recalls bring the total for GM so far this year to 60, affecting a record 29.7 million cars and trucks. GM already has passed the 22 million vehicles recalled by all automakers last year.5. Chrysler recalls Jeep SUVs for ignition switches - Friday, July 18, 2014
DETROIT (AP) — The ignition switch defects that engulfed General Motors are now a rapidly growing problem at Chrysler.
Chrysler said Tuesday it is recalling up to 792,300 older Jeep SUVs worldwide because the ignition switches could fall out of the "run" position, shutting off the engine and disabling air bags as well as power-assisted steering and braking. That's the same problem that has forced GM to recall more than 15 million cars over the last six months.6. GM says it's replaced 491,000 ignition switches - Friday, July 18, 2014
DETROIT (AP) — General Motors says it has replaced faulty ignition switches on just under 20 percent of 2.6 million small cars that are being recalled.
The company has repaired just over 491,000 cars that are covered by the recall announced in February.7. Senators call on GM CEO to fire top lawyer - Friday, July 18, 2014
WASHINGTON (AP) — Lawmakers on Thursday demanded General Motors fire its chief lawyer and open its compensation plan to more potential victims as a Senate subcommittee delved deeper into GM's mishandling of the recall of small cars with defective ignition switches.8. Senators call on GM CEO to fire top lawyer - Friday, July 11, 2014
WASHINGTON (AP) — Lawmakers on Thursday demanded General Motors fire its chief lawyer and open its compensation plan to more potential victims as a Senate subcommittee delved deeper into GM's mishandling of the recall of small cars with defective ignition switches.9. GM supports bill banning rentals of recalled cars - Friday, July 11, 2014
WASHINGTON (AP) — General Motors Co. is the first big automaker to support legislation barring rental-car companies from renting or selling vehicles subject to a recall.10. After hybrid success, Toyota gambles on fuel cell - Friday, July 11, 2014
TOKYO (AP) — Rocket science long dismissed as too impractical and expensive for everyday cars is getting a push into the mainstream by Toyota, the world's top-selling automaker.
Buoyed by its success with electric-gasoline hybrid vehicles, Toyota is betting that drivers will embrace hydrogen fuel cells, an even cleaner technology that runs on the energy created by an electrochemical reaction when oxygen in the air combines with hydrogen stored as fuel.11. VW passes GM in global auto sales race - Friday, July 11, 2014
DETROIT (AP) — Volkswagen bumped General Motors out of second place in the global auto sales race during the first half of the year, but Toyota is expected to stay in first place.
GM said Wednesday that it sold 4.92 million cars and trucks worldwide from January through June. But VW said it sold 4.97 million. Toyota won't release first-half numbers until later this month. But it was in first place at the end of the first quarter and it expects to sell 10.1 million vehicles this year.12. Automotive systems maker expanding in Sumner Co. - Friday, July 11, 2014
GALLATIN (AP) — Officials say the expansion of an automotive systems manufacturer in Gallatin could create 230 new jobs over the next five years in Sumner County.
Gov. Bill Haslam and Economic and Community Development Commissioner Bill Hagerty announced this week that ABC Group Inc. is adding an additional 180,000 square feet to its existing facility in response to increased demand for automotive-related products.13. How GM's ignition switch redesign went wrong - Friday, July 04, 2014
DETROIT (AP) — General Motors' deadly ignition switch flaws emerged from an effort to improve its cars.
As the company began developing new small cars in the late 1990s, it listened to customers who complained about "cheap-feeling" switches that required too much effort to turn. GM set about making switches that would work more smoothly and give drivers the impression that they were better designed, a GM switch engineer testified in a lawsuit deposition in the spring of 2013.14. Senate subcommittee to hold 2nd GM hearing July 17 - Friday, July 04, 2014
WASHINGTON (AP) — A U.S. Senate subcommittee that's investigating the General Motors ignition switch recalls says it will hold a second hearing on July 17.
The Commerce Committee's Consumer Protection and Product Safety Subcommittee likely will summon GM CEO Mary Barra for a return appearance. Former U.S. Attorney Anton Valukas, who investigated the problem for GM, also is a likely to appear.15. Dow flirts with 17,000 as market sets new highs - Friday, June 27, 2014
NEW YORK (AP) — Evidence that global manufacturing is expanding pushed the stock market to an all-time high on Tuesday.
The Dow Jones industrial average climbed within two points of 17,000 for the first time after separate surveys showed that manufacturing expanded in the world's two largest economies. In China, manufacturing grew in June for the first time in six months and in the U.S. the sector notched its 13th straight month of expansion.
16. New recalls and questions about auto parts safety - Friday, June 27, 2014
DETROIT (AP) — The ignition switch recalls now engulfing General Motors and Chrysler are raising new questions about the safety of the parts across the American auto industry.
GM's safety crisis deepened dramatically Monday when the automaker added 8.2 million vehicles in North America to its ballooning list of cars recalled over faulty ignition switches. GM has now issued five recalls for 17.1 million cars with defective switches, spanning every model year since 1997.17. GM recalls 8.2 million more cars for ignition switches - Friday, June 27, 2014
DETROIT (AP) — General Motors' safety crisis worsened on Monday when the automaker added 8.2 million vehicles to its ballooning list of cars recalled over faulty ignition switches.
The latest recalls involve mainly older midsize cars and bring GM's total this year to 29 million, surpassing the 22 million recalled by all automakers last year.
18. GM won't limit ignition switch crash compensation - Friday, June 27, 2014
WASHINGTON (AP) — The attorney overseeing General Motors' compensation to victims of small-car crashes says there's no limit to what the company will pay, provided the crashes were caused by faulty ignition switches. The tally could climb into billions of dollars.19. Analysts predict slower June sales for GM - Friday, June 27, 2014
DETROIT (AP) — A number of analysts are predicting that General Motors' June U.S. sales will underperform the overall auto industry, putting the company in danger of losing market share at a critical time.20. GM recalling nearly 29,000 Cruzes to fix air bags - Friday, June 27, 2014
DETROIT (AP) — General Motors Co. is recalling more than 29,000 Chevrolet Cruze compact cars because metal parts in the air bag assemblies can hit the driver and passengers if the bags are inflated.21. Ni hao, y'all: US hinterlands woo Chinese firms - Friday, June 20, 2014
PINE HILL, Ala. (AP) — Burdened with Alabama's highest unemployment rate, long abandoned by textile mills and furniture plants, Wilcox County desperately needs jobs.
They're coming, and from a most unlikely place: Henan Province, China, 7,600 miles away.22. Porsche is top brand in new car quality survey - Friday, June 13, 2014
DETROIT (AP) — The race to fill vehicles with the latest technology is hurting quality.
Buyers reported more problems in their new cars and trucks this year than last year, according to rankings released Wednesday by the consulting firm J.D. Power. It was the second straight increase since 2012, when the average number of problems in new cars and trucks hit an all-time low.23. Lawmakers press GM on report's findings - Friday, June 13, 2014
WASHINGTON (AP) — Lawmakers expressed disbelief Wednesday at General Motors' explanation for why it took 11 years to recall millions of small cars with defective ignition switches, and also confronted its chief executive with evidence that the company dragged its feet on a similar safety issue in different vehicles.24. 10 key events in GM's ignition switch recall - Friday, June 13, 2014
General Motors is the subject of multiple government investigations and civil lawsuits for taking more than a decade to recall 2.6 million cars with a deadly ignition switch defect. On Wednesday, GM CEO Mary Barra will appear for the second time before a U.S. House subcommittee to discuss the company's internal investigation into the recall.25. GM sales, used-car values hold up through recalls - Friday, June 13, 2014
DETROIT (AP) — Consumers looking for a used vehicle aren't shying away from GM models — even though more than 20 million GM cars and trucks have been recalled this year.
General Motors cars such as the Chevrolet Malibu have retained or increased in value, sometimes more than rival vehicles. And sales of new cars aren't slowing either, up 13 percent in May.26. GM recalls 3.2M more US cars for ignition problems - Friday, June 13, 2014
DETROIT (AP) — General Motors is recalling 3.2 million more cars in the U.S. because of ignition switch problems.
The company says it will change or replace the keys on the cars from the 2000 to 2014 model years.27. Congress to scrutinize GM's corporate culture - Friday, June 13, 2014
DENVER (AP) — U.S. Rep. Diana DeGette wants General Motors to explain how it plans to fix what's been described as a lax corporate culture and how the company plans to compensate victims of crashes tied to faulty ignition switches.28. 4 months into GM recall, only 7 pct. of cars fixed - Friday, June 13, 2014
DETROIT (AP) — More than four months after General Motors started recalling 2.6 million small cars to fix ignition switches, the company has repaired only 7 percent of the vehicles.
GM says fixes have been delayed as switch maker Delphi starts making the part for cars that are no longer being produced.29. GM recalling Camaros for ignition switch problem - Friday, June 13, 2014
DETROIT (AP) — Ignition switches once again are causing problems for General Motors.
This time the company is recalling nearly 512,000 Chevrolet Camaro muscle cars from the 2010 to 2014 model years because a driver's knee can bump the key and knock the switch out of the "run" position, causing an engine stall.
30. Lawyers: GM seeks bankruptcy shield from lawsuit - Friday, June 06, 2014
DETROIT (AP) — Lawyers for a Georgia family that is trying to reopen a wrongful death lawsuit against General Motors say the company is trying to move the case to federal court so it can use bankruptcy as a shield from the claim.31. GM CEO Barra, chief investigator to testify - Friday, June 06, 2014
General Motors CEO Mary Barra will be back in front of Congress next week to be questioned further about how GM allowed a deadly defect in an ignition switch to go undisclosed for more than a decade.32. GM CEO: No more serious safety issues lurking - Friday, June 06, 2014
DETROIT (AP) — A thorough review of General Motors' safety issues is nearing completion and hasn't turned up any more serious problems, the company's CEO said Tuesday.
Speaking to reporters before the company's annual meeting, Mary Barra also said that personnel changes related to a deadly ignition switch problem are finished. The company forced out 15 workers last week after an outside attorney blamed them for failing to act on the problem. Five others were disciplined.
33. Engineer's 'switch from hell' began GM recall woes - Friday, June 06, 2014
DETROIT (AP) — Inside General Motors, they called it "the switch from hell."
The ignition switch on the steering column of the Chevrolet Cobalt and other small cars was so poorly designed that it easily slipped out of the run position, causing engines to stall. Engineers knew it; as early as 2004, a Cobalt stalled on a GM test track when the driver's knee grazed the key fob. By GM's admission, the defective switches caused over 50 crashes and at least 13 deaths.34. What's next in the GM recall case - Friday, June 06, 2014
General Motors on Thursday released the results of an internal investigation into the delayed recall of 2.6 million cars with faulty ignition switches. But the 315-page report doesn't bring the issue to a close. Here's what's still to come in the ongoing recall case:35. GM launches compensation program for crash victims - Friday, June 06, 2014
DETROIT (AP) — General Motors said Thursday that it will launch a program to compensate crash victims or families affected by faulty ignition switches linked to at least 13 deaths that prompted a recall of 2.6 million older small cars.36. GM ousts 15 employees over ignition-switch scandal - Friday, June 06, 2014
WARREN, Mich. (AP) — General Motors said Thursday it has forced out 15 employees for their role in the deadly ignition-switch scandal and will set up a compensation fund for crash victims, as an internal investigation blamed the debacle on engineering ignorance and bureaucratic dithering, not a deliberate cover-up.37. GM: Incompetence, negligence led to delayed recall - Friday, May 30, 2014
WARREN, Mich. (AP) — General Motors says a pattern of incompetence and neglect, not a larger conspiracy or cover-up, is to blame for a long-delayed recall of defective ignition switches.
GM CEO Mary Barra, who released the results of an internal investigation into the company's missteps on Thursday, said 15 employees — many of them senior legal and engineering executives — have been forced out of the company for failing to disclose the defect, which the company links to 13 deaths and 54 crashes in which the air bags didn't deploy. Five other employees have been disciplined.
38. GM launches compensation program for crash victims - Friday, May 30, 2014
DETROIT (AP) — General Motors said Thursday that it will launch a program to compensate crash victims or families affected by faulty ignition switches linked to at least 13 deaths that prompted a recall of 2.6 million cars.39. 3 key questions GM recall probe to be made public - Friday, May 30, 2014
DETROIT (AP) — Along rows of cubicles at the General Motors Technical Center in suburban Warren, engineers knew for years about faulty ignition switches in small cars. Safety officials in the same complex knew, too. So did the lawyers downtown.40. US service firms grow at fastest pace since August - Friday, May 30, 2014
WASHINGTON (AP) — U.S. service firms grew more quickly last month as production, hiring and new orders increased, adding to signs that the economy is accelerating after dipping at the start of the year.41. Before recalls, safety was low in GM hierarchy - Friday, May 30, 2014
DETROIT (AP) — To understand how General Motors allowed a problem with a small part to balloon into a crisis, look at the organization chart.
As of early last year, the director of vehicle safety was four rungs down the ladder from the CEO, according to a copy of the chart obtained by The Associated Press. Finance, sales and public relations had a direct path to the top.
42. Haslam plan targets plan prescription drug abuse - Friday, May 30, 2014
NASHVILLE (AP) - Gov. Bill Haslam and Commissioner of Mental Health and Substance Abuse Services Douglas Varney on Tuesday unveiled a multi-year plan to fight prescription drug abuse in Tennessee.
The state estimates that in the past year, nearly 221,000 Tennesseans have used prescription pain relievers for non-medical purposes, and that 69,000 of them are addicted to the drugs.43. Nissan sets May sales record as car buyers return - Friday, May 30, 2014
DETROIT (AP) — Brisk demand for SUVs and pickup trucks and a strong Memorial Day weekend were expected to push U.S. auto sales to a seven-year high in May.
Chrysler, Nissan and Toyota all reported double-digit sales gains over last May. Even General Motors, battling bad publicity from a mishandled recall, surprised with a 13 percent sales increase.44. Stocks edge lower; Hillshire bidding war heats up - Friday, May 30, 2014
NEW YORK (AP) — The stock market fell slightly Tuesday, pulling back from record highs the day before.
Hillshire Brands jumped as a bidding war for the company heated up, while Krispy Kreme Doughnuts plunged after issuing a disappointing forecast.
45. Documents show another delayed GM recall - Friday, May 30, 2014
DETROIT (AP) — General Motors recalled a small number of Pontiac G6 midsize cars to fix a faulty brake light system in 2009, yet waited more than five years to call back over 2 million other cars with the same system, according to company documents filed with federal safety regulators.46. Report: Car, truck crashes cost whopping $871B annually - Friday, May 30, 2014
WASHINGTON (AP) — The economic and societal harm from motor vehicle crashes amounted to a whopping $871 billion in a single year, according to a study released Thursday by the National Highway Traffic Safety Administration.47. Suzuki recalls GM-made small cars for fire problem - Friday, May 23, 2014
DETROIT (AP) — Suzuki is recalling more than 184,000 small cars in the U.S. because the steering columns can catch fire.
The recall covers Forenza models from 2004 through 2008 and Reno models from 2005 through 2008. Both vehicles were made for Suzuki by General Motors.48. GM tells Wall Street recalls may last into summer - Friday, May 23, 2014
DETROIT (AP) — General Motors is telling Wall Street that a recent spate of recalls may last until mid-summer as the company continues to review unresolved safety issues.
The news comes a day after The Associated Press learned that GM CEO Mary Barra told members of Congress that the company cannot make ignition switches fast enough to keep up with demand in its recall of 2.6 million small cars.
49. GM CEO prepares for return to Capitol Hill - Friday, May 23, 2014
DETROIT (AP) — General Motors CEO Mary Barra is preparing for a return trip to Capitol Hill as an internal investigation into the company's safety problems nears a close.
Barra privately told several lawmakers in Washington Wednesday that in a few weeks GM could simultaneously release an internal investigation into a deadly ignition switch problem as well as its plan to compensate victims, according to a congressional aide.50. GM adds 218,000 subcompacts to growing recall list - Friday, May 16, 2014
DETROIT (AP) — General Motors has added yet another recall to its growing list for the year.
The recall of 218,000 Chevrolet Aveo subcompact cars is the company's 29th this year, bringing the total number of recalled GM vehicles in the U.S. to around 13.8 million. That breaks GM's previous annual record of 10.75 million set in calendar year 2004.
51. GM recalls 2.4 million more vehicles - Friday, May 16, 2014
DETROIT (AP) — General Motors said Tuesday it's recalling 2.4 million vehicles in the U.S. as part of a broader effort to resolve outstanding safety issues more quickly.
The latest action brings to 13.6 million the number of vehicles GM has recalled in this year, a new record for the automaker. GM's previous record of 10.75 million cars and trucks was set in 2004, according to the National Highway Traffic Safety Administration.
52. Weak results at retailers drag US stocks lower - Friday, May 16, 2014
Retailers are used to throwing big sales. On Tuesday, it was investors who unloaded shares in several big retail chains, dragging down U.S. stocks and wiping out small gains from a day earlier.
Disappointing earnings from Staples, Dick's Sporting Goods, Urban Outfitters and others triggered the selling spree.
53. GM is fined $35 million over deadly defect - Friday, May 16, 2014
WASHINGTON (AP) — Federal safety regulators slapped General Motors with a record $35 million fine Friday for taking more than a decade to disclose an ignition-switch defect in millions of cars that has been linked to at least 13 deaths.54. GM recalls midsize cars to fix brake problem - Friday, May 16, 2014
DETROIT (AP) — General Motors is recalling about 8,200 midsize cars to fix a problem with the front brakes.
It's the sixth recall announced by the company this week and the 24th this year. Since January, GM has recalled about 11.2 million cars and trucks.
55. GM recalls 2.7M more cars; industry on record pace - Friday, May 16, 2014
DETROIT (AP) — General Motors recalled an additional 2.7 million vehicles Thursday as a deep dive into safety issues at the nation's biggest automaker turned up more problems with some of the cars it built over the past decade.56. GM recalls 2.7M more cars; industry on record pace - Friday, May 09, 2014
DETROIT (AP) — General Motors recalled another 2.7 million cars Thursday, sending the company's total of recalled vehicles in the U.S. this year above 11 million and putting the auto industry on track to set a record for recalls in 2014.57. GM recall reveals gaps in air bag knowledge - Friday, May 09, 2014
General Motors' recall of 2.6 million small cars has shed light on an unsettling fact: Air bags might not always deploy when drivers — and federal regulators — expect them to.
Thirteen people have died in crashes involving older GM cars with defective ignition switches. In each of those crashes, and in others in which occupants were injured, the air bags failed to deploy even after striking trees, guard rails or other objects.58. Toyota chalks up record profit, vehicle sales - Friday, May 02, 2014
TOKYO (AP) — Toyota chalked up a record annual profit and sales above 10 million vehicles for the first time, but forecast Thursday a slower year ahead as the momentum from a weak yen fades.
Expenses such as the $1.2 billion penalty it paid in a settlement with the U.S. Justice Department earlier this year for hiding information about defects in its cars dented its profit for January-March quarter, according to Toyota.59. GM recalls challenge company, frustrate customers - Friday, May 02, 2014
DETROIT (AP) — Nine million parts. That's what General Motors needs to repair millions of cars it has recalled since Feb. 7.
With ignition switches, power steering motors and other parts slowly arriving at dealers, frustrated drivers face waits of weeks or months, some while driving cars they fear are unsafe.60. Government says no need to park recalled GM cars - Friday, May 02, 2014
DETROIT (AP) — U.S. Transportation Secretary Anthony Foxx says there's no need to tell owners of recalled General Motors cars to stop driving them.61. GM recalls about 60,000 Saturns to fix gear shifts - Friday, May 02, 2014
DETROIT (AP) — General Motors is recalling nearly 60,000 Saturn Aura midsize cars because the automatic transmission shift levers can show the wrong gear, and says it has known about the problem for at least a year.62. Automated vehicle test site gets industry partners - Friday, May 02, 2014
ANN ARBOR, Mich. (AP) — The University of Michigan says General Motors, Ford and Toyota are among industry partners for an automated vehicle testing site that's designed to simulate a cityscape.
A groundbreaking is Tuesday for the Michigan Mobility Transformation Center, which is scheduled to be completed this fall. Last year, the university's regents approved the $6.5 million, roughly 30-acre driverless car testing site near the school's North Campus.63. Warren Buffett praises General Motors' new CEO - Friday, May 02, 2014
OMAHA, Neb. (AP) — Investor Warren Buffett says General Motors' new CEO would do a great job running any business, and she is the best person to handle the company's recall problems.
Buffett said on CNBC on Monday that he was impressed with Mary Barra when he met her at a conference last fall.64. GM invests $50 million in Chevy Cruze plant - Friday, May 02, 2014
LORDSTOWN, Ohio (AP) — General Motors says it is investing $50 million at the northeast Ohio plant that builds the popular Chevrolet Cruze.
The company said the investments, which include a new trim shop, are directed at the next generation of the Cruze compact sedan to be built at the Lordstown plant near Youngstown.65. Nissan leads April auto sales rebound - Friday, May 02, 2014
DETROIT (AP) — U.S. car buyers came out of hibernation in April to spend on pickup trucks and SUVs, fueling an auto sales rebound that analysts expect to last the rest of the year.
Total sales grew to just under 1.4 million cars and trucks, up about 8 percent from a year ago. Sales ran at an annual rate of just over 16 million, according to Autodata Corp.
66. Nissan leads rebound in April auto sales - Friday, April 25, 2014
DETROIT (AP) — American car buyers came out of hibernation in April to spend on pickup trucks and SUVs, fueling an auto sales rebound that analysts expect to last the rest of the year.
Nissan led the way with an 18.3 percent increase over a year ago, with sales of the redesigned Rogue small SUV up almost 27 percent. Chrysler posted a 14 percent gain, boosted by a big jump in sales of Jeep SUVs. Both companies reported record April sales. And Toyota sales grew by 13 percent, led by a double-digit gain in truck sales.
67. Ford's Fields to replace Mulally as CEO July 1 - Friday, April 25, 2014
DEARBORN, Mich. (AP) — Alan Mulally, the man who transformed Ford Motor Co. from a dysfunctional money-loser to a thriving company, will retire July 1 and be replaced by Mark Fields, the current chief operating officer.68. US auto sales expected to rise in April - Friday, April 25, 2014
DETROIT (AP) — U.S. consumers continued buying cars at a fast clip in April as the last snow melted from dealers' lots.
After spending the harsh winter at home, car buyers were out in force in March, pushing sales to their fastest pace in five months. Analysts expect that trend to continue in April.69. Toyota moving US base from California to Texas - Friday, April 25, 2014
LOS ANGELES (AP) — Toyota delivered a surprise pink slip to California on Monday, announcing the company would move its U.S. headquarters and about 3,000 jobs from the Los Angeles suburbs to the outskirts of Dallas.70. Ford's profit falls 39 percent in first quarter - Friday, April 25, 2014
DEARBORN, Mich. (AP) — Ford Motor Co.'s worldwide sales rose in the first quarter, propelled by growing strength in Asia and Europe. But weakness in North America dragged down the company's profit.71. GM profit sinks; CEO sees no recall hit to sales - Friday, April 25, 2014
DETROIT (AP) — The cost of recalling nearly 7 million cars and trucks sank General Motors' first-quarter profit, but the company's CEO said the much-publicized recalls have yet to cut into sales.72. GM profit sinks; CEO sees no recall hit to sales - Friday, April 18, 2014
DETROIT (AP) — The cost of recalling nearly 7 million cars and trucks sank General Motors' first-quarter profit, but the company's CEO said the much-publicized recalls have yet to cut into sales.73. Toyota sells 2.58 million vehicles, outselling GM - Friday, April 18, 2014
TOKYO (AP) — Toyota kept its position at the top in global vehicle sales for the first quarter of this year, outpacing rivals General Motors and Volkswagen.
Toyota Motor Corp. said Wednesday that it sold a record 2.583 million vehicles in the January-March period, putting the Japanese automaker ahead of Detroit-based GM at 2.42 million and Volkswagen of Germany at 2.4 million.74. General Motors seeks more protection from suits - Friday, April 18, 2014
DETROIT (AP) — General Motors Co. is asking a U.S. bankruptcy judge to shield it from legal claims for actions that took place before the company's 2009 bankruptcy.
But the reasons behind a company motion filed late Monday are in dispute.
75. GM 1Q global sales up 2 pct to 2.42M - Friday, April 18, 2014
DETROIT (AP) — General Motors says it sold 2.42 million cars and trucks in the first three months of the year, keeping it slightly ahead of Volkswagen in the global sales race.
The Detroit automaker says its sales grew 2 percent worldwide from January through March. The company was led by 13 percent growth in China. But sales fell 2 percent in North America.76. Judge won't order recalled GM cars to be parked - Friday, April 18, 2014
DETROIT (AP) — A Texas federal judge has denied an emergency motion that would have forced General Motors to tell owners of more than 2 million recalled cars to stop driving them until the ignition switches are replaced.77. GM to ask bankruptcy court for lawsuit protection - Friday, April 11, 2014
DETROIT (AP) — General Motors revealed in court filings late Tuesday that it will soon ask a federal bankruptcy judge to shield the company from legal claims for conduct that occurred before its 2009 bankruptcy.78. Is hot market for IPOs cooling? - Friday, April 11, 2014
NEW YORK (AP) — A hot market for initial public offerings may soon face a cooler reception from investors.
IPOs are having their best start to a year since 2000. Eighty-nine companies have raised $19 billion through sales of new stock so far in 2014. But demand for more offerings depends largely on the health of the broader market, and after last week's sell-off, the clamor from buyers may quiet down.79. Technology stocks falling for 2nd day in a row - Friday, April 11, 2014
NEW YORK (AP) — Technology stocks are dropping for a second day in a row as investors flee highflying Internet and biotechnology companies. Weaker earnings at JPMorgan Chase are dragging bank stocks lower in late afternoon trading, helping to push all three major indexes lower.80. GM puts 2 engineers on paid leave in recall case - Friday, April 04, 2014
DETROIT (AP) — General Motors has suspended two engineers with pay in the first disciplinary action linked to its delayed recall of thousands of small cars for a deadly ignition switch problem.
The action came after allegations during congressional hearings last week that at least one engineer tried to cover up the switch problem by fixing it without changing the part number.81. Toyota, GM recalls push US to near-record pace - Friday, April 04, 2014
DETROIT (AP) — Big U.S. recalls by General Motors and Toyota have put the auto industry on a record pace as companies try to avoid bad publicity and punishment from an increasingly aggressive government.82. Stocks drop; Biotech takes another plunge - Friday, April 04, 2014
NEW YORK (AP) — Another plunge in the biotechnology sector led stock indexes down Thursday, as Biogen Idec, Gilead Sciences and other biotech companies extended a recent slump. EBay fell after Carl Icahn abandoned an effort to shake up the company and Bed Bath & Beyond fell after reporting weak sales figures.83. Toyota recalls about 6.4 million vehicles globally - Friday, April 04, 2014
TOKYO (AP) — Toyota Motor Corp. is recalling 6.39 million vehicles globally for a variety of problems spanning nearly 30 models in Japan, the U.S., Europe and other places.
No injuries or crashes have been reported related to the recalls announced Wednesday. But two reports of fires are linked to one of the problems, a defective engine starter that can keep the motor running.
84. GM auto workers vote to allow strike in Kentucky - Friday, April 04, 2014
FRANKFORT, Ky. (AP) — Workers at the General Motors plant in Kentucky that assembles Corvettes voted Tuesday to authorize a strike over lingering safety concerns, but a local union leader said he hopes the differences can be resolved without a walkout.85. Lawmakers accuse GM of possible criminal cover-up - Friday, March 28, 2014
WASHINGTON (AP) — Lawmakers on Capitol Hill accused General Motors of a potentially criminal cover-up of its defective ignition switches and fumed at the lack of answers from its new CEO during a second day of hearings Wednesday into why GM waited a decade to recall cars with the deadly flaw.86. Congress seeks answers on delay in GM recall - Friday, March 28, 2014
WASHINGTON (AP) — Congress is demanding answers from the new CEO of General Motors and the head of the nation's auto safety watchdog about why it took at least a decade to recall cars with a defective part that is now linked to 13 deaths.87. US auto sales accelerated as March moved along; Nissan up 8.3 pct. - Friday, March 28, 2014
DETROIT (AP) — U.S. auto sales went out like a lion in March.
Automakers said Tuesday that new car and truck sales picked up speed halfway through the month, culminating in a strong final weekend. Toyota dealers had their two best sales weekends of the year at the end of the month, the company said.88. GM recalls 1.3 million cars for steering defect - Friday, March 28, 2014
DETROIT (AP) — General Motors is recalling 1.3 million vehicles in the U.S. because the electronic power-steering assist can suddenly stop working.
Included in the recall are the Chevrolet Malibu, Malibu Maxx, Chevrolet HHR, Saturn Aura, Saturn Ion and Pontiac G6. Model years vary, but all of the vehicles are from the 2010 model year or earlier.89. GM recall: Many victims were young drivers - Friday, March 28, 2014
DETROIT (AP) — As the deaths are tallied from General Motors' delayed recall of compact cars, one thing is becoming clear: Of those who were killed, the majority were young.
In a way, this isn't surprising. Low-priced cars like the Chevrolet Cobalt and Saturn Ion were marketed to young, first-time buyers and parents seeking transportation for their kids.
90. GM's Opel unit to pull out of China - Friday, March 28, 2014
BERLIN (AP) — General Motors Co.'s Opel unit will end its small presence in the Chinese market — a decision its chief executive describes as long-overdue.91. Using video, GM CEO reaches out to customers - Friday, March 21, 2014
DETROIT (AP) — General Motors CEO Mary Barra is reaching out directly to customers, as GM tries to counter bad publicity from a recall of cars with a potentially deadly ignition switch defect.
GM posted five videos of Barra on its website Wednesday answering questions about the recall of 1.6 million compact cars to fix the ignition switches. The company also said Barra listened in on customer calls for about a half hour last Thursday at the automaker's suburban Detroit call center, although none of the callers spoke about the recall.92. Toyota payment could be glimpse into GM's future - Friday, March 14, 2014
DETROIT (AP) — General Motors, beware.
Wednesday's announcement that Toyota will pay $1.2 billion to avoid criminal prosecution for hiding information in a recall case could be a glimpse into your future. It's also a warning to anyone selling cars in the U.S.: Although the federal government's road-safety watchdog doesn't have big fangs, the Justice Department does.93. US fine to settle probe delivers relief for Toyota - Friday, March 14, 2014
TOKYO (AP) — Toyota Motor Corp., headed to a record profit, can afford the $1.2 billion fine levied by the U.S. government for hiding information about defects in its cars. If anything, the settlement may even deliver relief for Toyota shareholders and customers as a sign the automaker has put the four-year recall debacle behind it.94. Toyota to pay $1.2B to settle criminal probe - Friday, March 14, 2014
WASHINGTON (AP) — Toyota agreed to pay $1.2 billion to settle an investigation by the U.S. government, admitting that it hid information about defects that caused Toyota and Lexus vehicles to accelerate unexpectedly and resulted in injuries and deaths.95. Barra apologizes for deaths tied to recalled cars - Friday, March 14, 2014
DETROIT (AP) — The top executive of General Motors apologized for deaths linked to the delayed recall of 1.6 million small cars, saying the company took too long to bring the cars in for repairs.
CEO Mary Barra, who is in her third month leading the company, also named a new global safety director to help prevent further recall problems.96. GM creates new post to spearhead safety issues - Friday, March 14, 2014
DETROIT (AP) — General Motors has named a 40-year engineer as its new safety chief, placing a single person in charge of recalls and other safety issues as it deals with a huge compact car recall that has damaged the company's reputation.97. Another GM recall: 1.18M SUVs for air bag issue - Friday, March 14, 2014
DETROIT (AP) — General Motors is recalling more than 1.5 million vehicles, including SUVs, vans and Cadillacs, for defective air bags and other problems.
The new recalls come as GM faces multiple investigations over its handling of a recall of more than 1.6 million small cars for defective ignition switches. The new recalls aren't related to that issue, but the company did say they're part of a broad product safety review prompted by the ignition switch problem, which is linked to 12 deaths.
98. GM excluded crash deaths from ignition inquiry - Friday, March 07, 2014
DETROIT (AP) — General Motors excluded the Saturn Ion from a Feb. 13 recall for faulty ignition switches after engineers inexplicably failed to look at fatal crashes involving the compact car.
The cars were recalled two weeks later, after another inquiry found four crashes involving 2004 Ions that killed four people, according to a GM chronology of the recall posted on the National Highway Traffic Safety Administration website Wednesday night.99. US retail sales rebounded 0.3 percent in February - Friday, March 07, 2014
WASHINGTON (AP) — U.S. retail sales bounced back in February after suffering a steep decline during a bitterly cold January. Shoppers spent more on autos, clothing and furniture.
The Commerce Department said Thursday that seasonally-adjusted retail sales rose 0.3 percent in February. Spending had fallen 0.6 percent in January, revised down from the 0.4 percent decline initially reported. Retail spending also fell 0.3 percent in December.
100. GM to offer loaner cars, cash to small-car owners - Friday, March 07, 2014
DETROIT (AP) — General Motors is offering free loaner cars and $500 toward a new GM vehicle to more than a million owners of compact cars that are being recalled for a deadly ignition switch defect.