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- Ally moves closer to independence as U.S. boosts stake
Ally Financial Inc., the former General Motors lending unit, moved closer to regaining its independence as the government converted $5.5 billion of preferred stock into common shares. The government is looking to recover its $17.
Переслать - Chrysler recalls more than 144,000 vehicles
Chrysler Group LLC recalled more than 144,000 vehicles in three separate filings with federal regulators posted today. In the largest of the three recalls reported to U.S.Переслать - Northeast dealers move snow, vow to move metal
Not even a foot or more of snow is going to separate Northeast auto dealers from their customers during the last week of the year. 'We will do what it takes,' said Susan Scarola, vice chairman of DCH Auto Group in the South Amboy, N.J.Переслать - Rattner settles with New York attorney general, will pay $10 million
Former Obama administration auto industry czar Steven Rattner has agreed to pay $10 million to resolve two lawsuits by New York's attorney general related to alleged kickbacks involving the state's pension fund.Переслать - Johnson Controls buys German seating businesses Keiper, Recaro
Johnson Controls Inc., moving to enhance its seating business, particularly in Europe, said today it signed an agreement to acquire German seating expert Keiper and its specialty seat business Recaro. Financial terms were not released.Переслать - Ford to recall 20,000 pickups and crossovers
Ford Motor Co. is recalling about 20,000 new vehicles in North America, mainly its heavy duty pickup trucks, due to the chance that an electrical short could cause a fire, Ford and U.S. federal regulators said today.Переслать - This month's results will bode well for 2011, analysts say
December is expected to be the third straight month that U.S. auto sales hold above 12 million vehicles on an annualized basis, capping a year of gradual recovery for the auto sector, analysts said.Переслать - Daimler: Sprinter sales rebounding after distribution shift
Daimler AG predicts U.S. sales of its commercial vans this year will match 2009 deliveries after distribution was shifted to luxury retailers from Dodge dealers.Переслать - Tesla says electric car battery plan means profit at low volume
Electric automaker Tesla Motors Inc. says cheaper batteries will make its Model S sedan profitable with much lower sales than Nissan Motor Co. is seeking for its Leaf car.Переслать - Upgraded Ford MyKey blocks explicit satellite radio channels
Teenage radio listeners might have to look somewhere else besides the family Ford for the Playboy channel or Howard Stern.Переслать
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