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General Motors has started work on a new Cadillac factory in China as it targets the lucrative luxury segment in the world's biggest auto market. The automaker said Wednesday it hopes to triple Cadillac sales to 100,000 units by 2015. It also wants to quadruple its share of China's luxury ...
The price of oil fell Wednesday, before the conclusion of a U.S. Federal Reserve meeting. Benchmark oil for July delivery fell 13 cents to $98.31 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract rose 67 cents to close at $98.44 a ...
After initially defying federal regulators, Chrysler abruptly agreed Tuesday to recall some older-model Jeeps with fuel tanks that could rupture and cause fires in rear-end collisions. But the recall, which came in an 11th-hour deal between the automaker and the National Highway Traffic Safety Administration, covers only 1.56 million of ...
___ NSA director says plot against Wall Street foiled WASHINGTON (AP) — The U.S. foiled a plot to bomb the New York Stock Exchange because of the sweeping surveillance programs at the heart of a debate over national security and personal privacy, officials said Tuesday at a rare open hearing ...
Rhode Island is building up to 50 electric vehicle charging stations for motorists around the state and also plans to purchase hybrid or electric-powered vehicles for the state fleet whenever possible, the governor announced Tuesday. Gov. Lincoln Chafee said the moves, paid for by federal stimulus money, will help improve ...
Metal prices fell Tuesday as traders anticipate that the Federal Reserve may start easing its support for the U.S. economy. The price of gold for August delivery fell $16.20, or 1.2 percent, to $1,366.90 an ounce. Palladium and silver also declined. Only platinum bucked the trend and edged higher. The ...
Metal prices fell as traders anticipate that the Federal Reserve may start easing its support for the economy. The price of gold for August delivery fell $16.20, or 1.2 percent, to $1,366.90 an ounce. Palladium and silver also declined. Only platinum bucked the trend and edged higher. The central bank ...
CHRYSLER CAVES: Chrysler reversed course and agreed to recall 2.7 million Jeeps Tuesday. The company insists the vehicles are safe, and initially denied the government's request to recall them. But it says it realizes customers are worried. THE ISSUE: The recall covers the 1993-2004 model Grand Cherokee and 2002-2007 model ...
The price of oil rose above $98 Tuesday as traders awaited the latest word on both the Federal Reserve's monetary policy and U.S. oil supplies. U.S. benchmark oil for July delivery rose 67 cents to close at $98.44 a barrel on the New York Mercantile Exchange. The focus in oil ...
Chrysler avoided a showdown with government safety regulators Tuesday, agreeing to recall 2.7 million older Jeep Grand Cherokee and Liberty SUVs that could be at risk of a fuel tank fire. Earlier this month the company defiantly refused the government's request to recall the Jeeps. But Chrysler now says it ...
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