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A Missouri pension fund sued General Motors Co., its board of directors and its CEO over the handling of a recall of 2.6 million vehicles for ignition switch defects, contending it contributed to the sharp decline in the automaker's stock price.
House subcommittee member Diana DeGette holds up a GM ignition switch while she questions General Motors chief exec Mary Barra on Capitol Hill.
Now, new Chief Executive Officer Mary Barra will be hard pressed to avoid posting a loss when GM announces its first- quarter earnings Thursday.
GM's March sales rose 4% from a year ago in the wake of the ignition switch recall of 2.6 million Chevrolet Cobalts, Saturn Ions and other small models, mostly from the 2003 through 2007 model years.
GM is forging ambitious plans to tackle the car market in China with a $12 billion investment, including new plants.
Gary Pittam performs recall service on a Chevrolet Cobalt April 17, 2014 at Al Serra Chevrolet in Grand Blanc.
Repairs to fix millions of vehicles connected to General Motors Co.' s ignition switch recall are underway, according to company officials.
Toyota kept its position at the top in global vehicle sales for the first quarter of this year, outpacing rivals General Motors and Volkswagen.
The Labor Department said Tuesday that the unemployment rate for 2013 college graduates was 10.9 percent.
Surveillance cameras at San Jose International Airport successfully recorded the teenager on the tarmac, climbing up the landing gear of a jet.
General Motors has split its Global Vehicle Engineering department into two new departments, Global Product Integrity and Global Vehicle Components and Subsystems.
General Motors Co said on Tuesday it is restructuring its engineering operations in a move meant to improve quality and safety of its vehicles as a result of the fallout from the defective ignition switch linked to at least 13 deaths.
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The S&P 500 finished the session 0.38% higher at 1,871.89. The gains were broad based as eight out of ten sectors finished on a higher note.
According to a Cadillac executive quoted in The Detroit News a week ago, it's someone who never buys luxury cars.
Bloomberg is reporting that Ford Chief Operating Officer Mark Fields will be named as the company's next CEO when Alan Mulally retires.