NEWS

Consumer Sentiment Slips

3/13/2015

Americans have grown less optimistic about the U.S. economy, according to a University of Michigan survey.

GM Recalls Volts to Fix Carbon Monoxide Threat

3/13/2015

General Motors Co. is recalling 64,200 Chevrolet Volts in the U.S. and Canada to limit how long a parked car can be left with its electric system switched on.

Russia Cuts Interest Rate Again

3/13/2015

Russia's central bank has reduced its main lending rate by one point to 14% in an effort to aid the country's deepening economic woes.

GM Recalls Chevy Volts to Fix Carbon Monoxide Threat

3/13/2015

General Motors Co. is recalling 64,200 Chevrolet Volts in the U.S. and Canada to limit how long a parked car can be left with its electric system switched on.

Tesla Restructures Global Sales Team

3/13/2015

Tesla Motors Inc. has reassigned its global sales chief and intends to hire a trio of regional executives to run its sales operations in North America, Europe and Asia, Bloomberg News reports.

Williams Says F1 Teams Must Broaden Income Options

3/13/2015

Formula One racing teams that rely exclusively on their F1 sponsorship sales face less financial stability than those that diversify, Williams Group CEO Mike O'Driscoll tells BBC News.

VW Details Cost-Cutting Moves

3/13/2015

Volkswagen AG aims to reduce annual costs by €5 billion by 2017.

Marchionne: FCA Merger with GM or Ford "Feasible"

3/12/2015

Fiat Chrysler Automobiles NV CEO Sergio Marchionne tells Bloomberg News it would be "technically feasible" for FCA to merge with either Ford or General Motors.

Chassix Files Chapter 11, Plans Fast-Track Restructuring

3/12/2015

Chassix Holding Inc., a Southfield, Mich.-based privately held supplier of automotive precision castings and machined parts, has filed for Chapter 11 bankruptcy protection as it implements a pre-negotiated restructuring.

BMW Fixes Acceleration Problem in i3 Electric Sedans

3/12/2015

BMW AG has issued a software update to eliminate a glitch that can cause its i3 electrics to suddenly lag during acceleration, notes Consumer Reports.