DETROIT, July 2 (Reuters) – Sales of big, brawny pickup
trucks fueled strong demand for new vehicles in the United
States in June, driving the industry toward its strongest month
since before the recession that drove General Motors Co
and Chrysler into bankruptcy.
GM and Ford Motor Co posted stronger-than-expected
sales, and Chrysler Group’s sales met analysts’ expectations as
the improving U.S. housing market led to surging demand for
full-size pickups at all the U.S. automakers. Toyota Motor Corp
also reported surprisingly strong U.S. sales.
DETROIT, June 28 (Reuters) – The battle in six-cylinder
pickups takes an interesting twist this fall with the launch of
the 2014 Ford F-150 Tremor and the 2014 Ram 1500 EcoDiesel.
Both trucks feature turbocharged V6 engines, but take
different approaches to reach different segments of the
full-size pickup audience.
DETROIT (Reuters) – After years of pay cuts and reduction in their ranks, Detroit police officers and firefighters in the next week face a tough decision: Retire now or put their careers in the hands of Detroit emergency manager Kevyn Orr, who has the power to unilaterally cut their pay and benefits.
At least several dozen police officers and firefighters will retire early as they try to lock in benefits before Orr imposes new labor contracts, union officials told Reuters.
DETROIT, June 19 (Reuters) – General Motors Co.
vehicles won eight awards in the annual J.D. Power & Associates
survey of initial quality, a marked improvement since the
largest American automaker turned itself around after a 2009
GM cars and trucks won eight top prizes as the best vehicles
in their segments of the U.S. auto market.
(Reuters) – Electric car maker Tesla Motors Inc will recall 1,228 of its 2013 Model S cars manufactured between May 10 and June 8 due to a defect in the mounting bracket of the rear seat.
The fix will cost Tesla about $150,000 during the second quarter, company spokeswoman Shanna Hendriks said. Tesla will inspect and reinforce the bracket in all the cars built during this time period.
DETROIT, June 18 (Reuters) – Chrysler Group LLC said it
would recall 2.7 million older Jeep models after initially
fighting a recall request from U.S. regulators in a dispute over
crash protection for their fuel tanks.
The recall will affect Jeep Grand Cherokee SUVs from model
years 1993 to 2004 and Jeep Liberty SUVs from 2002 to 2007.
DETROIT (Reuters) – Detroit defaulted on some debt on Friday and proposed most creditors receive just pennies on the dollar owed by the “insolvent” city in order to avoid the largest municipal bankruptcy filing in U.S. history.
In a forceful opening salvo of negotiations with holders of as much as $18.5 billion of debt, Detroit Emergency Manager Kevyn Orr announced a moratorium on some principal and interest payments, including one due on Friday.
DETROIT (Reuters) – Emergency manager Kevyn Orr said Detroit will stop making payments on some debt, including one scheduled on Friday, and proposed debt holders take a drastic cut in the money they are owed to stave off the largest municipal bankruptcy filing in U.S. history.
In a meeting with creditors, Orr for the first time presented a detailed proposal calling on the holders of nearly $17 billion in Detroit debt to make substantial concessions.
DETROIT (Reuters) – Chrysler Group LLC, in a rare move, is resisting a push by U.S. regulators to recall 2.7 million older model Jeep vehicles, saying on Tuesday that the request is based on an “incomplete analysis of the underlying data.”
The National Highway Traffic Safety Administration asked for the recall Monday night after an investigation of the vehicles’ fuel tanks. Chrysler has been working with NHTSA on this issue for nearly three years.
DETROIT (Reuters) – Chrysler Group LLC disputed a decision by U.S. regulators to recall 2.7 million older model Jeep vehicles for safety problems, saying in a statement on Tuesday that the conclusion is based on an “incomplete analysis of the underlying data.”
Chrysler, which is majority-owned by Fiat, said it does not intend to recall the SUVs and insisted that they are safe.