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  • September 23, 2014
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  1. Business - Companies - DEBT

    Land Rover's surging China sales slash bond risk at India's Tata Motors

    Posted Aug 26th 2014, 01:10am by BLOOM

    ... sales slash Tata Motors' bond risk India's top carmaker can thank China's appetite for a British off-road vehicle brand for the biggest drop in bond risk in the global industry. Credit-default swaps insuring the debt of Tata Motors for five years slumped 97 basis points, or 0.97 percentage point, this year to 369, as a demand surge in the world's second-largest economy ...

  2. Business - Companies - MOTOR INDUSTRY

    General Motors issues three more recalls covering 474,000 vehicles

    Posted Jun 28th 2014, 03:01pm by Associated Press in Detroit

    ... Associated Press in Detroit US car making giant General Motors suffers further threats to its reputation for safety by announcing three recalls involving cars mostly sold in the US General Motors has extended its record-breaking string of safety problems, announcing on Friday three more recalls, including one involving its top-selling vehicle. The recalls, part of a top-to-bottom ...

  3. Business - China Business - LISTINGS

    BAIC Motor scraps IPO amid tepid investor appetite for car stocks

    Posted Jun 12th 2014, 01:10am by Ray Chan

    ... Ray Chan ray.utchan@scmp.com BAIC scraps IPO amid tepid market Chinese carmaker BAIC Motor, partly owned by German giant Daimler, put on hold its US$2 billion share sale in Hong Kong, ... bankers said. Citic Securities, Deutsche Bank, HSBC, and UBS were the managers for the transaction. A spokeswoman for BAIC declined to comment. BAIC Motor is the passenger-vehicle unit ...

  4. News - World - UNITED STATES

    General Motors fined US$35m over delay in recall

    Posted May 17th 2014, 02:10am by AFP

    ... Associated Press in Washington General Motors fined US$35m over delay in recall US safety regulators have fined General Motors US$35 million for delays in recalling small cars with faulty ignition switches that are linked to at least 13 deaths. It's the maximum penalty that the government can impose and the first time an automaker has been fined that much. But the amount ...

  5. Business - China Business

    Great Wall Motor shares fall after second SUV sales delay

    Posted May 10th 2014, 01:20am by BLOOM

    ... Bloomberg in Beijing Carmaker sees shares plunge as it suspends sales of new flagship Haval H8 vehicle Great Wall falls after second SUV sales delay Great Wall Motor tumbled the most in more than five years in Hong Kong trading yesterday after China's biggest maker of SUVs pushed back sales of its new flagship Haval H8 vehicle for the second time this year. The shares, ...

  6. Business - Companies - VEHICLES

    Alan Mulally's legacy at Ford Motor sets high bar for Mark Fields

    Posted Apr 26th 2014, 01:21am by BLOOM

    ... When Mark Fields took charge of Ford Motor's Americas operations nine years ago, it was a major repair job as they descended into record losses and almost dragged the company ... F-Series pick-ups and Fusion models drove Ford's US sales up 11 per cent last year. In China, the world's largest car market, Ford now outsells Toyota Motor. Fields' greatest ...

  7. News - World - MOTORING

    General Motors seeks protection from legal claims for pre-2009 conduct

    Posted Apr 16th 2014, 10:01pm by AP

    ... Associated Press in Detroit General Motors to seek protection from claims General Motors has revealed in court filings that it will soon ask a judge to shield the company from legal claims ... into a new company and an old company. Claims from before the bankruptcy would go to "Old GM", called Motors Liquidation, while claims after the bankruptcy would go to the new General ...

  8. News - World - MOTORING

    Documents show General Motors had early knowledge of switch defect linked to 13 deaths

    Posted Apr 12th 2014, 06:29pm by Reuters in Washington and Detroit

    ... Reuters in Washington and Detroit Suspicions giant US automaker General Motors choose not to replace faulty ignition switches because it was too expensive boosted by release of Congressional documents General Motors engineers were well aware of serious problems with ignition switches in GM small cars, but rejected several opportunities to make fixes, according to dozens ...

  9. News - World - UNITED STATES

    US parents demand truth over suspicious deaths in General Motors cars

    Posted Apr 02nd 2014, 08:39pm by Reuters

    ... Reuters in Washington Parents demand truth over car deaths Standing on the lawn of the US Capitol in the path of an early spring breeze, Renee Trautwein tearfully braced herself to relive the worst morning of her life. In a few hours, Mary Barra, the chief executive officer of General Motors, would be pressed to answer why the largest US carmaker did not act sooner to fix an ignition ...

  10. Business - Companies - MOTORING

    General Motors recalls 1.5 million vehicles over ignition defects

    Posted Mar 29th 2014, 03:18pm by AFP

    ... Agence France-Presse in New York General Motors makes second re-inspection in as many months as safety fears mount Troubled carmaker recalls 1.5m vehicles General Motors has recalled a further 1.5 million vehicles, some for possible problems with ignitions blamed for 12 deaths. Last month, GM called back 1.6 million cars amid questions over why it had taken years to address ...




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