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Yahoo

Business - Mazda recalls U.S. cars with faulty Takata air bags


(Reuters) - Japan`s Mazda Motor Corp will broaden a recall of cars sold in the United States because an air-bag inflator, supplied by Japan`s Takata Corp , could rupture and seriously injure occupants. The issue of ruptured inflators - which can hurl metal shrapnel at vehicle occupants - has bedeviled Takata and triggered the recall of millions of vehicles last year. In a filing Friday by the U.S. National Highway Traffic Safety Administration, Mazda said it would recall about 18,000 older models, including 18,000 Mazda6 sedans and 50 RX-8 sports cars from 2003-2004. NHTSA said the inflator could rupture, `with metal fragments striking and potentially seriously injuring` occupants.


Friday, July 25, 2014  14:41

Yahoo

Business - FBI investigates Ford engineer after listening devices found: report


A 43-year-old former Ford Motor Co engineer is being investigated by the FBI after listening devices were found in meeting rooms at company offices, the Detroit News reported on Friday. The Federal Bureau of Investigation conducted a search at offices of the No. 2 U.S. automaker on July 11 and seized listening devices, computers and financial records, according to search warrants obtained by the newspaper. The search came three weeks after the FBI raided the suburban Detroit home of Sharon Leach, a Ford mechanical engineer who was fired after company security found listening devices planted in meeting rooms, the newspaper said. Leach`s attorney Marshall Tauber could not immediately be reached for comment.


Friday, July 25, 2014  14:01

Yahoo

Business - GM recalls far from calamity for some dealers who find new customers, business


By Nick Carey and Bernie Woodall FOX LAKE Ill. (Reuters) - The news about deadly crashes linked to a faulty ignition switch, followed by wave upon wave of recalls, did not bode well for General Motors dealers earlier this year. It conjured visions of worried, frustrated drivers pouring onto lots like Raymond Chevrolet, outside of Chicago. Although the script is not what the dealership would have written, GM is delivering sales and service prospects to her door. GM as a whole posted a 2.5 percent increase in sales in the first half of the year, just a step behind the industry average of 4.3 percent.


Friday, July 25, 2014  11:07

Yahoo

Business - Insight: GM recalls far from calamity for some dealers who find new customers, business


By Nick Carey and Bernie Woodall FOX LAKE Ill. (Reuters) - The news about deadly crashes linked to a faulty ignition switch, followed by wave upon wave of recalls, did not bode well for General Motors dealers earlier this year. It conjured visions of worried, frustrated drivers pouring onto lots like Raymond Chevrolet, outside of Chicago. Although the script is not what the dealership would have written, GM is delivering sales and service prospects to her door. GM as a whole posted a 2.5 percent increase in sales in the first half of the year, just a step behind the industry average of 4.3 percent.


Friday, July 25, 2014  10:01

CNN

Top Stories - Germany: Petrolhead heaven


With factory tours and collections of stunning vintage prototypes, southern Germany is petrolhead paradise.


Thursday, July 24, 2014  10:42

CNN

Top Stories - Vrrrooooomm!! Great cars of the world


In the automotive world, good things often come in fours.


Friday, July 25, 2014  02:27

Yahoo

Business - Sluggish Latin American results show risks for U.S. companies


U.S. companies are reporting sluggish financial results in Latin America, showing the risks they face in relying on Brazil and other emerging markets in the region for growth. Companies ranging from Ford Motor Co to 3M Co and Caterpillar Inc reported second quarter earnings that highlighted weakness in their Latin or South American operations. Several companies reported tepid performance in Brazil, the biggest economy in Latin America, where some economists fear the country is on the verge of a recession. `The place where we see a little bit more of a challenge is Latin America,` 3M Chief Executive Officer Inge Thulin told analysts on the company`s quarterly conference call on Thursday.


Friday, July 25, 2014  06:27

Yahoo

World - GM in China announces Cadillac, Camaro recall


BEIJING (AP) General Motors Co. and its main Chinese partner are recalling nearly 20,000 imported Cadillac SRX sport utility vehicles and Chevrolet Camaros to replace defective seat bolts.


Friday, July 25, 2014  05:21

Yahoo

Business - General Motors may put Brazil workers on paid leave: union


General Motors Co wants to put nearly a fifth of its workers at a factory in Brazil on paid leave, an auto workers union said on Thursday, amid falling output in Latin America`s largest economy. Calling the move `unnecessary,` the union said 1,000 of 5,200 workers in So Jos dos Campos, Sao Paulo state, could be laid off. Workers and the Detroit-based auto maker will likely discuss the proposal on Aug. 1, a union leader said. Brazil`s production of cars, trucks and buses is expected to have its steepest decline in 16 years at 10.0 percent in 2014 as sales retreat 5.4 percent, according to national automakers` association Anfavea.


Friday, July 25, 2014  00:54

Yahoo

Business - After second-quarter profit hit, Hyundai Motor warns of firmer won, slowing demand growth


By Hyunjoo Jin SEOUL (Reuters) - South Korea`s Hyundai Motor said its net profit fell the most in five quarters, hit by the local currency`s sharp gain versus the dollar, and warned it sees a tough second half as the won stays strong and global demand growth weakens. Hyundai Motor, the world`s fifth-biggest automaker combined with affiliate Kia Motors, on Thursday reported a 2.24 trillion Korean won ($2.18 billion) net profit for the second quarter, down nearly 7 percent from a year earlier. The fall is the biggest since Hyundai Motor`s net profit slumped 16 percent in the first quarter of last year, squeezed by massive U.S. recalls and labor disputes in South Korea.


Thursday, July 24, 2014  08:01

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